HDI Group Takes Over Cyber Specialist Perseus HDI Group / Talanx AG

HDI Group takes over cyber specialist Perseus HDI Group / Talanx AG

Group Communications Hannover, Berlin, 6 February 2020 Tel. +49 511 3747-2022 Fax +49 511 3747-2025 The HDI Group has taken over Berlin-based Perseus Technologies GmbH. The start-up has specialised in the prevention of cyber risks HDI-Platz 1 30659 Hannover and emergency cyber assistance. The acquisition enables the HDI Germany Group to offer cyber insurance policies and cyber security concepts, www.talanx.com alongside other services from a single source. The objective is to develop the business model of Perseus on an ongoing basis. The company will continue to be led by Richard Renner, who has been the Managing Director of Perseus since November 2018.

In the area of Cyber, the HDI Group has successful operations as a major industrial insurer and in the corporate customer sector. The acquisition will enable HDI to continue the present collaborative cooperation with Perseus. Since the beginning of 2019, HDI Versicherung AG and HDI Global SE have been partners of Perseus and they have integrated the services of the company in their cyber protection.

The purchase of the company was completed on 1 February 2020. Perseus with the entire workforce of some 35 employees will continue to be based in the Berlin Fintech Hub H:32 and it will retain its status as an independent brand and provider for existing customers and third- party companies.

The previous shareholders were Hannover Rück SE (Hannover Re), also part of the Talanx Group, and finleap, Europe’s leading Fintech ecosystem. They joined forces to build up Perseus and have made a significant contribution to the successful development of the company.

About the HDI Group

HDI is a major European insurance group. The HDI Group is active inside and outside Germany, and in Industrial Lines and Retail Insurance. It operates under the umbrella of the Talanx Group, which generates premium income amounting to EUR 34.9 billion (2018) and has a workforce of around 20,000 employees worldwide.

Further brands of the Talanx Group include Hannover Re, one of the world’s leading reinsurers, Targo insurers, PB insurers and neue leben, the latter all specialised in bancassurance, as well as the Polish insurer Warta. Ampega is one of the top asset management companies in Germany and manages the assets of the Talanx Group. It is also an experienced provider of solutions for non-group institutional investors.

The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong) and the Hannover Re Group one of AA–/stable (very strong). Talanx AG is listed on the Frankfurt Stock Exchange in the SDAX as well as on the stock exchanges in Hannover and Warsaw (ISIN: DE000TLX1005, German Securities Code: TLX100, Polish Securities Code: TNX).

You can find additional information by going to www.talanx.com .

Current photographs and company logos are available at http://mediathek.talanx.de .

For media enquiries please contact: Andreas Ahrenbeck Tel.: +49 511-645-4746 E-Mail: [email protected] Josefine Zucker Tel.: +49 511-3747-2128 E-Mail: [email protected]

Disclaimer

This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement.

Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.