Talanx Acquires Liberty Mutual’s Latin America Business

Talanx takes over Latin America business from insurer Liberty Mutual

HANNOVER – The insurance group Talanx is taking over the Latin American business of the US insurer Liberty Mutual Insurance for the equivalent of around 1.38 billion euros. The business will be handled by the subsidiary HDI International, the MDax group announced on Saturday in Hanover. The purchase includes Liberty’s private customer business in Brazil, Chile, Colombia and Ecuador and has a gross premium volume equivalent to around EUR 1.7 billion. The completion of the transaction is still subject to antitrust approvals and, according to Talanx, is expected for the first half of 2024.

Team meeting instead of title party: BVB mourns lost championship opportunity

DORTMUND – Instead of 300,000 fans around the Borsigplatz, 100 die-hards were waiting for the Dortmund team at the training ground. On the day after the dramatic outcome of the championship, the process of coming to terms with the title trauma started with a season-ending meeting of the district club. Captain Marco Reus drove up at 10:43 a.m.

Economist Brunetti: Megabank UBS is far too big for Switzerland

ZURICH – According to the Bernese economics professor Aymo Brunetti, the bank UBS has become much too big for Switzerland after the takeover of Credit Suisse. Even a spin-off of Credit Suisse’s Swiss business by UBS would not solve the fundamental problem that Switzerland had with the new megabank, Brunetti told the “Sonntagszeitung”.

‘Image’: Guerreiro leaves Borussia Dortmund

DORTMUND – According to information from “Bild”, the decision about the future of Dortmund soccer professional Raphael Guerreiro has been made. Accordingly, the 29-year-old Portuguese national player will leave the Bundesliga second. As the newspaper reports, the 2016 European champion is said to have been said goodbye to sports director Sebastian Kehl, managing director Hans-Joachim Watzke and coach Edin Terzic at a team meeting at the end of the season on Sunday. There is no confirmation from the club yet.

Ottobock owner wants to sell more company shares

DUDERSTADT – The majority owner of the prosthesis manufacturer Ottobock, Hans Georg Näder, wants to sell further shares in the company. “As the main owner, I intend to sell another ten percent of my shares,” Näder told the “Frankfurter Allgemeine Sunday newspaper”. Näder currently holds 80 percent of the shares in the company via a holding company. 20 percent were taken over by the Swedish financial investor EQT in 2017. The financial investor wants to part with his shares, the report said. In total, 30 percent of the company will soon be up for sale. Näder announced in the newspaper that he would like to deal with possible partners in the coming months.

Abolish or recycle – UN conference discusses plastic agreement

PARIS – Huge amounts of plastic waste are a burden on the ecosystem and human health – the United Nations want to put an end to this with a globally binding agreement against plastic pollution. This will be discussed in Paris starting Monday this week – but environmentalists, the plastics industry and oil-producing countries are pursuing very different goals.

ROUNDUP 2/EU Commissioner: Twitter leaves code of conduct against disinformation

BRUSSELS – According to the EU Commission, the short message service Twitter is withdrawing from an EU agreement against the spread of disinformation on the Internet. EU Internal Market Commissioner Thierry Breton wrote on Twitter on Saturday night that the social network was leaving the voluntary EU code of conduct against disinformation. “But the commitments remain. You can run, but you can’t hide,” he wrote.

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Customer Note:

ROUNDUP: You read a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.

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