Turkish market News

Talanx Acquires P/C Insurer in Turkey from Munich Re Subsidiary

The German insurer Talanx has acquired the property/casualty insurer ERGO Sigorta A.S. from a Munich Re subsidiary. Financial details of the transaction where not disclosed. Talanx purchased ERGO Sigorta from ERGO International, which is a unit of ERGO, the primary …

Turkey’s Insurers Gear Up for Spate of Claims After 2nd Major Storm in 10 Days

The Borsa Istanbul Insurance Sector Index dropped as much as 2.5 percent on Friday after a brief but ferocious storm in Istanbul on Thursday showered the city with hail as large as golf balls, shattering windows, denting vehicles and damaging …