Talanx AG, a German insurance and reinsurance group headquartered in Hannover, has closed its acquisition of minority stakes in two Polish insurers from Meiji Yasuda Life Insurance Co., one of Japan’s oldest and largest life insurance companies, ending a strategic cooperation agreement effective Dec. 31, 2025.
The Hannover-based group acquired the remaining 24.3% of Towarzystwo Ubezpieczeń i Reasekuracji Warta S.A. and 50% minus one share of Towarzystwo Ubezpieczeń Europa S.A.. A company spokesperson said both entities operate across life and nonlife segments in Poland.
Talanx transferred the purchase price on Feb. 16 in exchange for the shares. Under accounting rules governing contractually agreed option rights, the proportionate earnings tied to the acquired minority interests have been recognized within the retail international division since Jan. 1, 2025.
Board member Wilm Langenbach said full ownership strengthens Talanx’s position in Poland and allows the group to capture the complete economic contribution from both businesses.
Warta ranks as Poland’s second-largest insurer. It generated €2.7bn in insurance revenue in 2024 and employs roughly 3,000 staff. TU Europa reported €168mn in insurance revenue and about 350 employees.
Separately, Meiji Yasuda Group recently completed its $2.3bn acquisition of Banner Life Insurance Co. and William Penn Life Insurance Co. of New York, including the US term life and pension risk transfer operations previously owned by Legal & General Group.
According to Beinsure, the Polish exit and US expansion signal capital rotation toward core life and retirement markets.
