Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Global Investors Aims to Raise $1B for Fund Focusing on Climate Resilience
Nov 3 2022 // Allianz Global Investors on Wednesday said it is looking to raise $1 billion for its third blended finance debt fund, a mix of concessional and institutional capital seen as a crucial route to scaling up private investment...
People Moves: SCOR Taps AXA XL’s Guest as Head of Crisis Mgmt; Former Beazley Exec Beattie Joins CFC as Head of Innovation; Allianz Trade Appoints New CEO
Oct 21 2022 // This edition of International People Moves details appointments at SCOR UK, CFC Underwriting, and Allianz Trade. A summary of these new hires follows here. SCOR Taps AXA XL’s Guest as Head of Crisis Management SCOR...
Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance
Sep 30 2022 // Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has been a strategic investor in the Berlin-based insurtech company since 2016 and most...
Fire a Growing Risk to Shipping Because of Lithium-ion Batteries, Allianz Says
Sep 6 2022 // Fire has always been a peril for shipping, but the advent of lithium-ion batteries has elevated the risk to the point that it now is the most expensive cause of loss for the industry, according to a new bulletin issued by...
Allianz in Talks With Chinese Banks to Launch Asset Management Venture: Sources
Aug 23 2022 // Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap a $4.3 trillion...
Allianz Weighs Sale of Stake in Saudi Arabia Unit
Aug 9 2022 // Allianz SE is considering a sale of its Saudi Arabian unit, people familiar with the matter said, a move that would help the German insurer streamline its portfolio and raise cash. The German insurer is working with an...
In Global Claims Report, Allianz Notes Rising Business Interruption Costs
Aug 1 2022 // The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...
Allianz Notes Rising Business Interruption Costs in Global Claims Report
Jul 22 2022 // The number of contingent business-interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...
Allianz Aims to Grow Global Program Business with New Multinational Team
Jul 14 2022 // Global insurer Allianz is moving to substantially expand its business from customers in the global insurance program sector and serve the increasing demand from large and medium-size companies needing cross-border...
Markets/Coverages: Physicians Mutual Unleashes Pet Insurance; Allianz Expands Cyber Capacity for Coalition
Jul 5 2022 // Physicians Mutual Launches Pet Insurance Physicians Mutual has launched pet insurance for dogs and cats. Physicians Mutual Pet is the company’s first entry into the property/casualty market. Physicians Mutual Pet is...
People Moves: WTW Asia Hires Aon’s Tilney, Promotes Nassaouati; DUAL Europe Names Allianz’s Wijchman as Commercial Dir.; Liberty GTS Promotes Lee as APAC Mgr.
Jun 15 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW), MGA Dual, and Liberty Global Transaction Solutions. A summary of these new hires follows here. WTW Asia Hires Aon’s...
Investors, Including Allianz and Swiss Re, Urge U.N. to Create Plan for Farm Emissions
Jun 9 2022 // Investors managing $14 trillion have urged the United Nations to create a global plan to make the agriculture sector sustainable and curb one of the biggest sources of climate-damaging emissions, a letter seen by Reuters...
Allianz to Retain 49.9% Stake in Russian Operations After Sale to Interholding
Jun 3 2022 // The insurer Allianz said on Friday it would sell a majority stake in its Russian operations to the owner of a Russian insurer as it sought to pare its footprint in the country after the invasion of Ukraine. Allianz, which...
British Insurance Brokers’ Assn., Allianz Create Digital Guide to Combat Underinsurance
May 23 2022 // The British Insurance Brokers’ Association (BIBA) and Allianz have developed a digital guide to support brokers in helping their customers avoid the risks of being underinsured. Underinsurance occurs when you have...
Allianz Buys Majority Stake in Jubilee General Insurance Co. of Tanzania
May 19 2022 // Allianz has acquired a 51% stake in Jubilee General Insurance Co. of Tanzania Ltd. from Jubilee Holdings Ltd. (JHL) and the Aga Khan Fund for Economic Development (AKFED). JHL will retain a 15% stake and six minority...
Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds
May 19 2022 // Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion investment funds collapsed amid market turmoil triggered by the...
Architect of Allianz Fraud Made $60 Million as He Lied to Investors, U.S. Says
May 18 2022 // The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million in...
Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted
May 17 2022 // Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19...
Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle
May 11 2022 // Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the outcome of U.S. regulatory investigations into a multibillion-dollar trading debacle at its funds...
Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz
May 10 2022 // Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a...
