Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Sees Damages Worth Tens of Millions for German Vineyards
Jul 22 2024 // Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many vineyards lost their entire harvest to heavy frosts. While mild temperatures earlier in the year helped...
Allianz Makes $1.6 Billion Offer for 51% of Singapore’s Income Insurance
Jul 17 2024 // Allianz SE agreed to buy a majority stake in Singapore’s Income Insurance Ltd. for about S$2.2 billion ($1.6 billion) to strengthen its presence in Asia. The German company plans to acquire at least 51% of Income...
Singapore’s Income Insurance, Allianz in Talks on Potential Transaction
Jun 14 2024 // Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it said in a statement on Friday. The company added in the statement that there is no...
Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse
Jun 10 2024 // A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of...
People Moves: Specialist Aviation MGA Itasca Names John as CEO, Succeeding Zolotusky; DUAL Group Appoints Allianz’s Sayce as Group Head of Emerging Products
May 29 2024 // This edition of International People Moves details appointments at aviation specialist Itasca MGA Ltd. and DUAL Group, Howden’s MGA subsidiary. A summary of these new hires follows here. Specialist Aviation MGA...
Allianz Is Lead Insurer for Singapore Airlines Incident: Sources
May 24 2024 // Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday. The...
Markets/Coverages: Rokstone, Allianz Commercial Partner for $10M Marine Cargo Facility
May 21 2024 // Allianz Commercial and Rokstone, the Aventum Group’s international re/insurance MGA, announced a collaboration for a US$10 million facility to write marine cargo business worldwide with immediate effect. This...
Aspen and Allianz’s PIMCO Launch Casualty-Focused Reinsurance Vehicle
Apr 17 2024 // Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. announced the formation of Pando Re Ltd., a Bermuda-domiciled collateralized re/insurer focused on casualty business. Under a long-term agreement, Aspen...
Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses
Apr 5 2024 // Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses...
People Moves: AXIS Names Lord as Global CIO, Barriero as Head of Strategic Sourcing, Corporate Real Estate; Xenia Taps Stennett From Allianz Trade as CEO
Feb 28 2024 // This edition of International People Moves details appointments at AXIS Capital Holdings and Xenia Broking Group. A summary of these new hires follows here. AXIS Names Lord as Global CIO, Barriero as Head of Strategic...
UK Has More ‘Fragile Firms’ Than EU Peers: Allianz Report
Feb 28 2024 // The UK has the highest proportion of “fragile firms” out of all major European economies, another sign of the headwinds facing Prime Minister Rishi Sunak as he attempts to boost growth. About 15% of small and...
People Moves: QBE Promotes Shallow to Executive Director for International Markets; DUAL UK Taps Allianz’s Dixon as CUO, AXA’s Corner as Chief Distribution Officer
Feb 26 2024 // This edition of International People Moves details appointments at QBE’s International Markets division and Howden’s DUAL. A summary of these new hires follows here. QBE Names Shallow to Executive Director for...
Allianz Grows Wealth Bet With Stake in $68 Billion Money Manager AlTi
Feb 23 2024 // Allianz SE is making a strategic investment in money manager AlTi Global Inc. in an expansion of the insurance giant’s global holdings in wealth management. The German insurer’s venture arm, together with...
Allianz Shares Drop on Weak Results in P/C Insurance
Feb 23 2024 // Allianz SE shares fell as the German insurance giant reported earnings in its property-casualty business that missed expectations. Fourth-quarter operating profit in the segment came in at €1.6 billion ($1.7 billion),...
Cyber Threats Top Global Business Risk Concern for 2024: Allianz
Feb 5 2024 // Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. Business interruption ranked second, while...
Former Allianz Execs Raise Funds for Carbon Credit-Backed Insurance
Jan 29 2024 // An insurance start-up founded by three former Allianz executives that aims to guarantee companies buying carbon credits get the permits they’ve paid for has closed the biggest European climate-focused seed funding...
Cyber Threats Top Global Business Risk Concern for 2024: Allianz
Jan 17 2024 // Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. Business interruption ranked second, while...
Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership
Jan 8 2024 // Specialty MGA Rokstone of the Aventum Group announced a significant enhancement to its North American marine operations. Allianz Commercial has committed a $25 million facility to Rokstone. This latest deal will provide...
Allianz Seeks to Buy Back Europe’s Biggest Old-School Bond
Jan 4 2024 // Insurance giant Allianz SE is looking to replace the biggest bond remaining under Europe’s old regulatory regime as it taps the market for new issues early on this year. The Munich-based insurer priced a new €1...
Allianz Sponsors Catastrophe Bond for European Windstorm Risks
Dec 20 2023 // Allianz has sponsored a new catastrophe bond which will provide the group with multi-year risk transfer capacity of €250 million to protect itself against European windstorms. Allianz entered into a three-year...
