Talanx sees over 2% rise in net income despite huge nat cat losses

German insurer Talanx AG’s net income increased 2.6% year-on-year to €560 million ($570 million) in the first half of the year despite large natural catastrophe losses, Reinsurance News reported. The insurer was hit with a nearly 160% year-on-year surge in large losses from natural disasters, including floods in Australia and South Africa and storms in Central Europe.