Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Study Shows First Minutes Are Crucial in Vehicle Fires
Apr 2 2002 // A research study by the Allianz Center for Technology (ACT) has shown that in the first few minutes after a fire breaks out car occupants can be rescued, generally without danger for the rescuers, as long as the fire does...
S&P Affirms Allianz Group Ratings, Revises Outlook to Negative
Mar 21 2002 // Standard & Poor’s affirmed all its ratings on Germany’s Allianz group, including its double-‘A’-plus long-term counterparty credit and insurer financial strength ratings, and its...
Holocaust Insurance Claims Panel Faces Recriminations over Delays
Feb 11 2002 // Many European countries observed Sunday, Jan. 27 as Holocaust Memorial Day, a time set aside to honor the memory of the 12 million human beings—over six million of them Jewish—who perished at the hands of the Nazis...
Allianz Net Falls on WTC Attacks, Forecasts Gains in 2002
Feb 8 2002 // German insurance giant Allianz AG confirmed the adverse affects of last September’s attacks on the World Trade Center with the announcement that preliminary figures indicated a net operating profit for 2001 of around...
Allianz to Buy Out Minority Interests
Feb 8 2002 // Germany’s Allianz AG announced that it plans to acquire the minority interests of shareholders in its subsidiaries Dresdner Bank, Hermes and Vereinte Versicherung in a so-called “squeeze-out”. Paul...
A.M. Best Lowers Allianz Canada Ratings to ‘A’ (Excellent)
Jan 24 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A++ (Superior) for Allianz Insurance Company of Canada and its affiliated company, Trafalgar Insurance Company of Canada,...
Munich Re, Allianz Complete Share Sales
Jan 21 2002 // Munich Re and Allianz AG have completed the sales of their respective investments in several subsidiary insurance and financial groups first announced last April. Munich Re stated that, “it now holds 25.7% of the...
A.M. Best Affirms Cornhill’s ‘A++’ (Superior) Rating
Jan 11 2002 // A.M. Best announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, London, the principal U.K. subsidiary of Germany’s Allianz AG. Best’s statement noted...
Allianz Joins WTC Lawsuit
Jan 4 2002 // Germany’s Allianz AG has elected to become part of the World Trade Center dispute by joining Swiss Re and Chubb Corp. in seeking to have the destruction of the twin towers declared “one occurrence,”...
Allianz To Sponsor Williams F1 Team in 2002
Jan 4 2002 // While NASCAR and CART may dominate the sport of auto racing in the U.S., the rest of the world watches Formula 1. This no doubt influenced Allianz AG to sponsor the BMW Williams F1 Team during the 2002 season. The team...
Allianz Prepares to Launch Global Risk Division
Dec 28 2001 // Germany’s Allianz AG, the world’s largest insurer, measured by gross premiums written, will launch a revamped division, Allianz Global Risks (AGR), on January 1, 2002, in an effort to improve its performance in...
High Ratings for Allianz Debt by S&P, A.M. Best
Dec 19 2001 // Standard & Poor’s and A.M. Best have both given high ratings to new debt issues from Germany’s Allianz Group. S&P assigned its ‘A-1’-plus short-term debt rating to Allianz Finance...
Allianz Posts $1.17 Billion Net Profit for 1st Nine Months, Increases WTC Loss Estimates
Nov 15 2001 // Germany’s Allianz Group announced a profitable first nine-months, despite increased estimates of claims from the terrorist attacks on the World Trade Center, and costs relative to the acquisition of Dresdner...
AXA, Allianz Raise U.S. Attack Loss Estimates, New Disaster in France
Sep 24 2001 // Both France’s AXA Group and Germany’s Allianz AG, the world’s two largest insurance groups, raised their original estimates of potential losses from the terrorist attacks of Sept. 11 in the U.S. (See IJ...
AIG, Allianz, XL and Ren Re Statements on
Sep 14 2001 // AIG CEO Maurice “Hank” Greenberg followed up his statement on Wednesday in which he said that “These attacks are an enormous human and national tragedy,” with the reassurance that “We remain...
A.M. Best Downgrades Fireman’s Fund
Aug 30 2001 // A.M. Best Co. downgraded the financial strength rating of “A++” (Superior) to “A” (Excellent) for Fireman’s Fund Insurance Companies (FFIC), Novato, California. A.M. Best indicated the rating...
Allianz To Buy 45% Stake In Russia’s Rosno
Jun 28 2001 // Germany’s Allianz continued its move into Eastern Europe with the announcement that it would acquire a 45 percent interest in Rosno, Russia’s third largest insurer, from its parent company AFK Sistema for an...
S&P Assigns Allianz’ ART Its ‘AA’ FER Rating
Jun 8 2001 // Standard & Poor’s “assigned its double -‘A’ financial enhancement rating (FER) to Zurich-based Allianz Risk Transfer (ART),” an Allianz AG subsidiary which specializes (naturally enough)...
Allianz Posts 6% Q1 Rise in Gross Premiums to $17.6 Billion
May 31 2001 // Germany’s Allianz posted a 6 percent rise in gross premiums written in the first quarter of 2001 to € 20.6 billion ($17.6 billion), reflecting contributions from acquisitions and a 7.9 percent increase in p/c...
Allianz Seeks Swiss Minority Shares as Part of Rebranding Campaign
May 17 2001 // Germany’s Allianz AG offered the minority shareholders of its Swiss subsidiary Berner Versicherung SwFrs 750 ($430) per share as part of its initiative to rebrand its three Swiss companies under the banner...
