Talanx eyes 130 mln eur hit from German hailstorms
FRANKFURT Oct 17 (Reuters) - German insurer Talanx on Thursday said it expected powerful hailstorms that struck Germany in July would cost it around 130 million euros ($175 million) before tax.
The amount includes 64 million euros in damage claims expected at Talanx's reinsurance unit, Hannover Re, Talanx said.
Hannover earlier on Thursday said it had suffered a "disproportionately low" share of an estimated 2.5 billion euros in insured market losses from the event. ($1 = 0.7412 euros) (Reporting by Jonathan Gould; Editing by Marilyn Gerlach)
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