Includes Hannover Re’s predicted claims of €100m
The Talanx Group is anticipating a net burden from flood claims in Germany and neighbouring countries at less than €250m ($334m). This includes the €100m of predicted losses reported by Hannover Re.
Major claims occurring in the year to date are within the proportionate budget for major claims. Talanx will publish updated figures on the effects of the flooding with its results for the second quarter of 2013.