Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Booth of Allianz Chairs ACORD
Jan 17 2007 // Clem Booth, a member of the management board of Allianz, SE, has been designated the 2007 chair of ACORD’s board of directors. John Kellington, chief technology officer and senior vice president of Ohio Casualty...
Allianz Buys 2 German Wind Farms
Jan 12 2007 // At first glance it may not seem a very logical investment for an insurance company, but Germany’s Allianz Group has taken a strong stance in support of renewable energy. So the acquisition of two more wind farms...
Minn. Suit Alleges Seniors Hurt by Lack of Information about Annuities
Jan 11 2007 // Lois Klofanda was 85 years old when she sunk almost half her life savings into a deferred annuity from Allianz Life Insurance Co. of North America, not realizing she wouldn’t be able to get at the money again for a...
Romania, Bulgaria Join EU; Allianz Details Bulgarian Venture’s Success
Jan 2 2007 // Romania and Bulgaria, two of Europe’s poorest countries, officially became members of the European Union on New Year’s Day, bringing the total to 27. Celebrations in Bucharest and Sofia greeted the two...
Best Affirms Allianz SE & Subsidiaries ‘A+’ Ratings
Dec 26 2006 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit ratings of “aa-” of German-based Allianz Societas Europaea (Allianz SE) and its subsidiaries. Best...
BENEDUCCI NAMED FIREMAN’S FUND CEO
Dec 11 2006 // The Board of Directors of Fireman’s Fund Insurance Co. has elected Joseph J. Beneducci as CEO of the property and casualty insurance company. His appointment takes effect on Jan. 1, 2007. Beneducci previously served...
Beneducci named Fireman’s Fund CEO
Dec 10 2006 // The Board of Directors of Fireman’s Fund Insurance Co. has elected Joseph J. Beneducci as CEO of the property and casualty insurance company. His appointment takes effect on Jan. 1, 2007. Beneducci previously served...
German Insurer Allianz Foresees Future Job Cuts
Nov 28 2006 // German insurer Allianz SE said it had reached a new labor deal that avoids any near-term compulsory layoffs but still foresees some 5,700 jobs cut by the end of 2008. Under the agreement with the ver.di union, Allianz...
Allianz on Climate Change Impact
Nov 16 2006 // The world’s largest insurers continue to bring the threats posed by global warming/climate change home to the rest of the world, and to press for remedial action. A report earlier this week found that much of the...
MacDonald Retained by Allianz of America for Retired Income Market
Nov 1 2006 // Robert W. MacDonald, founder and chief executive of Minneapolis-based LifeUSA and retired chairman and CEO of Allianz Life Insurance Company of North America, through his consulting firm CTW Consulting, has been hired by...
Allianz Investment Unit to Buy U.K.’s John Laing for $1.8 Billion
Oct 30 2006 // Although Germany’s Allianz AG is selling off many of its long-held positions in German companies, it is still interested in making good investments outside the insurance industry. On Friday, Oct. 27 one of the...
Holdouts by Allianz, Royal Slowing Rebuilding of World Trade Center
Oct 22 2006 // Two insurers that owe more than $800 million in payments to the World Trade Center site developer will slow rebuilding if they don’t settle a lawsuit over how to divide the money, politicians and developers said last...
Allianz Cornhill to Change Name; Continue Expansion
Sep 29 2006 // Allianz Cornhill, one of the U.K.’s largest general insurers and part of Germany’s Allianz Group since 1986, has announced a number of developments for its business, including a change of its corporate name to...
Allianz Reaches Agreement with RAS, Employees for SE Plan
Sep 21 2006 // Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination...
Allianz Sells Four Season Healthcare for $2.67 Billion
Sep 1 2006 // Allianz Capital Partners GmbH (ACP), an investment unit of German insurer Allianz AG, has agreed to sell Four Seasons Healthcare, a leading U.K. provider of services for older people and specialized care services for...
HCC Insurance Holdings Acquires Minn. Allianz Life Insurance
Aug 4 2006 // Houston-based HCC Insurance Holdings, Inc. announced today that the Company had reached an agreement to acquire the assets of Allianz Life Insurance Company of North America’s Health Products Division for a cash...
Allianz Suisse Versicherungs-Gesellschaft and Allianz Suisse Lebenversicherungs-Gesellschaft Ratings’ Affirmed
Jul 20 2006 // A.M. Best Co. affirmed the financial strength rating of “A” (excellent) of Allianz Suisse Versicherungs-Gesellschaft (ASV) and Allianz Suisse Lebenversicherungs-Gesellschaft (ASL), both based in Switzerland....
Hirs to Head Allianz Risk Transfer
Jun 29 2006 // Germany’s Allianz announced that Chris Fischer Hirs will take over as President of Allianz Risk Transfer on July 1, 2006, “assuming the day-to-day operational management responsibility for the company.”...
Allianz Plans Restructuring; 7480 German Job Cuts
Jun 23 2006 // Germany’s Allianz AG confirmed growing speculation that it would launch substantial cost cutting measures with the announcement on Thursday, June 22, that it plans to reduce the number of workers at Allianz...
Euler Hermes “Studying” Acquisition of Allianz Ireland Credit Insurance
Jun 2 2006 // Global trade credit insurer Euler Hermes is studying the acquisition of Allianz Ireland’s credit insurance activities, which have an annual turnover of around €10 million ($12.2815 million) with a 45 percent share...
