Swiss Life says Talanx takes 9.9 pct stake

ZURICH Mar 24 (Reuters) - Swiss Life (SLHN.VX) said Germany's Talanx is buying a 9.9 percent stake in the company and will take 8.4 percent in German pensions specialist MLP (MLPG.DE) from Swiss Life holdings, as the insurer announced a 2008 net profit of 345 million Swiss francs ($306.7 million).

Swiss Life, Switzerland's biggest life insurer, said AWD founder Carsten Maschmeyer would join its board and resign as co-head of AWD.

(Reporting by Jason Rhodes)