Germany's Talanx to buy Gerling Companies.Talanx A.G., the German conglomerate that counts among its companies Hannover Re Hannover Re (FWB: HNRGn), in German Hannover Rückversicherung AG, with gross premium of around €9 billion in 2006, is one of the five largest reinsurance groups in the world. Its headquarters are in Hanover, Germany. , said it has agreed to take over the operating insurance companies of Gerling Group. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the agreement, Talanx will take over from Gerling-Konzern VBA (Visual Basic for Applications) A subset of Visual Basic that provides a common language for customizing Microsoft applications. VBA supports COM, which allows a VBA script to invoke internal functions within Excel, Word and other COM-based programs or to make use of all of Gerling Beteiligungs-GmbH [GBG GBG Göteborg (Sweden) GBG Guernsey (International Auto Identification) GBG Good Beer Guide (UK pub guidebook published annually by the Campaign for Real Ale) ] and the 5% of the shares in Gerling-Konzern Lebensversicherings [GKL] that Gerling-Konzern holds directly. Terms weren't disclosed. Gerling, which has branches in more than 20 countries, focuses on industrial, commercial and private-client business. The group's entire operating business is under GBG, which in 2004 had 4.2 billion euro (approximately $5 billion) in premiums and a net profit of 132 million euro. |
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