Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Business Moves
May 7 2007 // Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The...
Allianz Holds 92.18% of AGF; to Launch ‘Squeeze-out;’ IT Consolidation
Apr 30 2007 // Germany’s Allianz SE (Societas Europaea) announced that upon the closing of the tender offer for the outstanding shares of its French subsidiary AGF, it will hold (directly and through its subsidiary Allianz Holding...
Swiss Re, Allianz, RMS Team-up to Write UK, US, Canada Cat Bonds
Apr 17 2007 // Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of...
S&P Affirms Allianz Suisse ‘A+’ Ratings; Outlook Revised to Positive
Apr 4 2007 // Standard & Poor’s Rating Services has revised its outlook to positive from stable on Swiss-based life insurer Allianz Suisse Lebenversicherungs – Gesellschaft (ASL) and non-life insurer Allianz Suisse...
Allianz Formalizes AGF Minority Shareholder Buyout Offer
Mar 23 2007 // Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, has formalized its offer to acquire the remaining 42.4 percent of the shares in French insurer Assurances Générales de France...
Allianz Joins Institutions to Urge Congress to Act on Climate Change
Mar 20 2007 // Money talks and $4 trillion talks very loudly. So loud in fact that a number of institutional investors, who manage a total of $4 trillion in assets, hope to get the attention of U.S. lawmakers. Their goal is to convince...
WTC Builders Tell 2 Insurers to Stop Stalling and Pay Up
Mar 14 2007 // World Trade Center builders rallied with hundreds of construction workers Monday to protest stalled payments by two insurers, saying their failure to pay is jeopardizing ground zero rebuilding. Trade center developer Larry...
Business Moves
Mar 12 2007 // Royal Sun, Arrowpoint Capital Delaware Insurance Commissioner Matthew Denn conditionally approved a management buyout of Royal and Sun Alliance Insurance Group’s U.S. operations. Denn ruled that there is no legal or...
Allianz Preliminary Earnings Report-Net Income up 60% to $9.2 Billion
Feb 22 2007 // Germany’s Allianz released strong growth figures in its preliminary earnings report with net income for the year up by 60 percent from just under €4.4 billion ($5.77 billion) in 2005 to more than €7 billion ($9.2...
Allianz, Munich Re Endorse Global Roundtable Climate Change Accords
Feb 21 2007 // Two of the world’s largest insurers – Allianz AG and Munich Re – announced that they have signed on to the joint declaration issued by the Global Roundtable on Climate Change (GRoCC) in New York City on...
Allianz and Sistema Sign Purchase Agreement for Russia’s ROSNO
Feb 21 2007 // Spain’s Sistema and Germany’s Allianz have signed a share purchase agreement, whereby Allianz becomes the major shareholder of one of Russia largest insurers ROSNO Group. In a bulletin on its web site...
People and Places
Feb 12 2007 // Chicago-based The Park Group, a wholesale insurance brokerage has announced the promotion of Peter Upjohn to the position of manager of the newly established Professional Liability Brokerage Department. Upjohn is...
Allianz to Integrate Italian Units
Feb 2 2007 // Germany’s Allianz announced that the Boards of Directors of its Italian subsidiary companies, RAS, Lloyd Adriatico and Allianz Subalpina, have adopted a project to integrate their Italian...
Allianz Kyrill Losses Around $452 Million
Jan 31 2007 // Germany’s Allianz Group announced that “based on the current state of knowledge,” it estimates net claims of around €350 million ($452 million) before taxes. “The amount of claims is within the...
Allianz Lecturers Urge EU Lead on Climate Change
Jan 30 2007 // The global debate on Climate Change has gone from a sideshow to the main event, taking over the front pages of many newspapers. The Intergovernmental Panel on Climate Change (IPCC) Conference, currently taking place in...
It Figures
Jan 29 2007 // 200,000 Missouri Gov. Matt Blunt issued executive orders declaring a state of emergency and activating the Missouri National Guard in response to the winter ice storm in mid-January. Blunt also put the Disaster Medical...
Minn. Allianz Names Senior Vice President of Marketing
Jan 22 2007 // David Sipprell was recently named senior vice president of marketing at Allianz Income Management Services (AIMS), a Minneapolis-based company formed this past August by Allianz of America to respond to the retirement...
Best Sees No Change in Allianz Ratings Following Buy-Outs
Jan 19 2007 // A.M. Best Co. has commented that the financial strength rating of “A+” (Superior) of Germany’s Allianz Societas Europaea, AGF Group and Allianz Lebensversicherungs-AG “remains unchanged following...
Allianz Plans Buy Out of AGF Minority Shares; German Life Minorities
Jan 18 2007 // Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, is set to get even bigger. The Munich-based Company announced plans to acquire the remaining 42.4 percent of the shares in...
S&P Sees No ‘Immediate Impact’ on Allianz Ratings from AGF Buyout
Jan 18 2007 // Standard & Poor’s Ratings Services indicated that Germany’s Allianz (AZSE) plans to buy out the minority shareholders in Assurances Generales de France (AGF – rated ‘A’/Positive/...
