Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Australia Joining Global Transport to Increase Sector Growth
May 31 2006 // Allianz Australia Insurance Group has taken an equity position in Global Transport & Automotive Insurance Solutions (GT), formerly Global Motor Underwriting, to “provide a market leading facility to service...
S&P Raises Ratings on Allianz Australia to ‘A+’
May 19 2006 // Standard & Poor’s Ratings Services announced that it has raised its insurer financial strength and counterparty credit ratings on Allianz Australia Insurance Ltd. to “A+” from “A” and it...
Allianz Posts $2.28 Billion Q1 Net Income; All Sectors Show Gains
May 15 2006 // Germany’s Allianz Group added its numbers to the growing list of companies recording strong first quarter results. The German giant posted €1.779 billion ($2.28 billion) net income for the period, a 34 percent...
Allianz Provisional Q1 Figures Show 4.9% Gross Revenue Increase
May 3 2006 // Germany’s Allianz Group has released some preliminary indications of its first quarter 2006 results, which indicate that overall revenues will grow by 4.9 percent to around €30 billion ($38 billion). Allianz will...
ING Merges Canadian Subsidiaries
Apr 7 2006 // Allianz Insurance Company of Canada and The Nordic Insurance Company of Canada, both insurance subsidiaries of ING Canada Inc., have announced the completion of their amalgamation under the name of The Nordic Insurance...
Willis Group Holdings Names Eric Joost to Lead Middle Markets in Chicago
Mar 28 2006 // Willis Group Holdings, the global insurance broker, has named Eric Joost as Middle Market segment leader. Joost will lead efforts to develop proprietary and unique skills that will benefit Willis clients in this key...
Allianz German Group Total Earnings up 30% to $2.14 Billion
Mar 22 2006 // Allianz Sachgruppe Deutschland, which incorporates all of the global insurer’s German P/C business, announced that total earnings after tax for 2005 were €1.79 billion ($2.14 billion), compared to the €1.25...
Allianz Nearly Triples 4Q Profit
Mar 17 2006 // Insurer Allianz Group said Thursday its fourth-quarter profit nearly tripled as earnings in its banking and asset-management units and improved investment income protected it from losses related to last year’s...
Allianz Opens New Office in Shenzhen
Mar 2 2006 // Germany’s Allianz announced on its Web site (www.allianz.com) that it has launched its first joint life and non-life insurance Sales Center in Shenzhen, China. “The Center maximizes the synergies between...
Fireman’s Fund Chooses Bussman as Chief Information Officer
Feb 28 2006 // Fireman’s Fund Insurance Company has named Oliver Bussman as its chief information officer, according to Charles (Chuck) Kavitsky, chief executive officer. Bussman has many years of IT leadership experience in the...
ING to Combine Canadian Subs
Feb 21 2006 // Allianz Insurance Company of Canada and The Nordic Insurance Company of Canada, both insurance subsidiaries of ING Canada Inc., announced their intention to amalgamate under the name of The Nordic Insurance Company of...
Allianz, Goldman, Amex to Acquire 10% Stake in China’s ICBC Bank
Jan 27 2006 // Germany’s Allianz Group, investment bank Goldman Sachs and American Express Company, have agreed to jointly acquire a 10 percent stake in China’s largest bank, Industrial and Commercial Bank of China Limited...
Allianz’ “eZine” Electronic Magazine a Success with Irish Brokers
Jan 13 2006 // Allianz Ireland’s “Allianz Broker eZine,” a monthly electronic magazine, has found success with Irish brokers. The subsidiary of Germany’s Allianz launched the site to “streamline its...
Allianz Moves Ahead with RAS Merger
Dec 30 2005 // German’s Allianz AG has released a series of documents in furtherance of its plans to merge its German and Italian operations into one European Group. As announced last September (See IJ Website Sept. 13) Allianz...
Best Assigns ‘A-‘ Rating to Allianz Marine & Aviation
Dec 23 2005 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Germany’s Allianz Marine & Aviation...
Best Downgrades Ratings on Allianz Marine & Fire (France)
Nov 30 2005 // A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A+” (Superior) of Allianz Marine & Aviation (France) (AMAF) and has removed the rating...
S&P Puts Allianz Subs on CreditWatch/Positive Following Consolidation Plan
Nov 23 2005 // Standard & Poor’s Ratings Services announced that it has “placed its ‘A-‘ counterparty credit and insurer financial strength ratings on Germany-based property/casualty insurer Allianz Marine...
Allianz Posts $934 Million Q3 Profit Despite Hurricane, Flood Losses
Nov 14 2005 // Germany’s Allianz had a very successful third quarter with net income up 70 percent to €794 million ($934 million) and €1.7 billion (2 billion) operating profit,” despite,” said the company’s...
Italian Regulator Approves Allianz’ RAS Share Purchase
Oct 19 2005 // Germany’s Allianz announced that on October 13 Consob, the Italian financial markets authority, approved Allianz’s tender offer document relating to the offer to purchase all ordinary and savings shares, it...
News Briefs
Oct 3 2005 // Roundup of Katrina Loss Estimates: As the scope of the devastation wrought by Hurricane Katrina became increasingly evident, European and Bermuda-based insurers and reinsurers continued to calculate their potential...
