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Examples
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"The existing bancassurance collaboration between Warta and Kredyt Bank…regarding the distribution of Warta's life and nonlife insurance products through the Kredyt Bank branch network will remain in place for the foreseeable future," KBC and Talanx said.
KBC to Sell Polish Unit Marynia Kruk 2012
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Following this and the Warta acquisition, Talanx will now become the second-largest insurance group in Poland.
KBC to Sell Polish Unit Marynia Kruk 2012
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It is 50.2%-owned by Talanx AG, Germany's third-largest insurance group.
Investments, Premiums Lift Hannover Re Ulrike Dauer 2011
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The consortium is managed by Commerz Real AG, a unit of Commerzbank AG, while members are companies belonging to Munich Re AG and ERGO, represented by MEAG, Swiss Life Holding AG, Talanx AG and the Westfalen-Lippe doctors' pension fund.
RWE Continues Asset Sales Neetha Mahadevan 2011
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WARSAW—Belgian bank KBC Group has agreed to sell its Polish insurance unit Warta to Germany's Talanx International for €770 million $998.6 million, the two companies said Friday, in a move that will significantly boost Talanx's market share in Poland.
KBC to Sell Polish Unit Marynia Kruk 2012
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Swiss Life said that after the deal with Talanx, its MLP stake will drop to 15.9%, with an aim to reduce it to below 10%.
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The deal with Talanx, in which the closely held German insurer will buy a 9.9% stake in the company, effectively ends Swiss Life's failed attempt to take over German financial adviser MLP AG.
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Getty Images Despite the Talanx deal, Swiss Life said the environment will remain challenging in 2009.
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Talanx said its exposure is limited to $20 million.
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As part of the strategic partnership with Talanx, which includes distribution agreements in Germany and elsewhere through Swiss Life's financial-adviser unit AWD AG, the German company will own an 8.4% stake in MLP and buy 9.9% of Swiss Life for an undisclosed sum.
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