Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Raises 2013 Earnings Goal as Q3 Profit Climbs
Nov 8 2013 // Allianz SE, Europe’s biggest insurer, increased its full-year earnings goal after third-quarter profit rose 6.3 percent, beating analysts’ estimates. Net income advanced to €1.45 billion ($1.946 billion) from...
Allianz: A Year After Sandy, Many Firms Still Haven’t Implemented Adequate Changes
Oct 18 2013 // As the one-year anniversary of Superstorm Sandy approaches in late October, Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), warns that while there is heightened...
Allianz CEO Says New Regulation to Create Room for Acquisitions
Oct 17 2013 // Allianz SE’s CEO Michael Diekmann said tougher financial regulation will create takeover opportunities for Europe’s biggest insurer. “If Solvency II and Basel III mean more capital, then it’s hard...
Allianz Global Specialty Targets Nordic Region with Branch in Stockholm
Oct 2 2013 // Allianz Global Corporate & Specialty AG (AGCS) has opened its newest branch in Stockholm, Sweden, further expanding its services within the Nordic Region. Since 2009, AGCS has been active in Sweden through a dedicated...
Allianz Global Corporate & Specialty Expands Offshore Energy Team in Houston
Sep 23 2013 // Allianz Global Corporate & Specialty (AGCS) has expanded its Offshore Energy Risk Consulting team with the appointment of Dawayne Tipton as energy risk engineer. Based in Houston, Tipton brings more than 12 years of...
Reinsurance Terms and Conditions, More Than Price, Could Be Focus in 2014
Sep 6 2013 // Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. “I expect the market staying flat to ticking down, on the...
Allianz, QBE Have Largest Exposures to Spain Train Crash
Jul 29 2013 // Germany’s Allianz and Australian group QBE bear the bulk of the insurance liability from this week’s fatal train crash in northwest Spain, according to sources at the companies. While Allianz’s Spanish...
Best Europe Affirms ‘A+’ Ratings of Allianz SE and Subsidiaries
Jul 11 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Germany’s Allianz Societas Europaea...
Allianz Estimates Its European Flood Losses at 350 Million Euros
Jun 14 2013 // Allianz SE, Europe’s biggest insurer, said preliminary estimates show its net losses from the flood claims in Germany, Austria and part of Central Europe are 350 million euros ($467 million). The gross impact, before...
Fireman’s Fund Chief Tackles Sesquicentennial, Market
May 6 2013 // Choosing an historic icon that stood after San Francisco’s great earthquake and massive fire more than 100 years ago was a deft, almost poetic, public relations concept to celebrate Fireman’s Fund Insurance...
Fireman’s Fund Chief Tackles Sesquicentennial, Market
Apr 26 2013 // Choosing a historic icon that stood after San Francisco’s Great Earthquake and massive fire more than 100 years ago was a deft, almost poetic, public relations concept to celebrate Fireman’s Fund Insurance...
Allianz Vows to Fight Florida Regulators’ Charges in Magnolia Case
Apr 25 2013 // Allianz Risk Transfer (ART NY) has vowed to strongly repudiate charges levied by Florida regulators that it contributed to the collapse of a domestic property insurer by seizing management control and saddling it with...
Florida Alleges Fraud by Allianz in Case of Failed Insurer
Apr 22 2013 // Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering it unable to meet its...
Allianz Teams with Borealis Infrastructure to Buy Czech Gas Pipeline Operator
Apr 1 2013 // Germany’s Allianz SE has partnered with Borealis Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System (OMERS), to acquire Czech Republic pipeline firm N4G. Each will...
Best Sees Alliance Deal with Yapi Kredi Enhancing Business Profile
Mar 29 2013 // A.M. Best Europe – Rating Services Limited has commented on the recent announcement from Germany’s Allianz SE that it is entering into a long-term partnership with Turkey’s Yapi Kredi and is acquiring Yapi...
Allianz Seals Deal with Turkey’s Yapı Kredi for Insurance Acquisition/Distribution
Mar 28 2013 // Germany’s Allianz announced that it has reached an agreement with Turkey’s Yapı Kredi for a 15-year exclusive distribution agreement and for Allianz to acquire Yapı Kredi Sigorta, the property and casualty...
Florida Regulators Allege Fraud by Allianz in Case of Failed Insurer
Mar 27 2013 // Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering it unable to meet its...
Ratings Recap: Solid, Allianz France, Risk Re
Mar 25 2013 // A.M. Best Europe – Rating Services Limited has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Sweden’s Solid...
Best Affirms Fireman’s Fund, Subs Financial Ratings; Lowers Credit Ratings
Mar 4 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent), but has downgraded the issuer credit rating (ICR) to “a” from “a+” of California-based Fireman’s...
Allianz Reports Revenue, Operating Profit and Net Income Growth for 2012
Feb 22 2013 // Germany’s Allianz Group, Europe’s largest insurer, reported strong results for the financial year 2012. Revenues reached €106.4 billion [$140.66 billion] for the year, an increase of 2.7 percent compared to...
