Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Posts Better-Than-Expected Q3 Net Profit as It Emerges From COVID Pressures
Nov 10 2021 // Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it tries to work out how much money it may need to set aside for a U.S. investigation into its fund...
Allianz, European Investment Bank Back €500M Public-Private Climate Fund
Nov 8 2021 // GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing...
People Moves: Garrison Heads Navigators Wholesale; Trochey Joins Ascot; AXA Environmental Adds 3; Allianz Names Houlihan
Oct 25 2021 // The Hartford Names Garrison Head Of Navigators Wholesale The Hartford has named Michael Garrison as head of Wholesale for Navigators, a brand of The Hartford. Garrison will lead the strategic direction, growth, and...
Asset Managers, Including Allianz, to Cut Portfolio Emissions by at Least 25% by 2025
Oct 21 2021 // By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings...
Allianz Finalizes €330 Million Acquisition of Aviva Italia
Oct 1 2021 // Allianz S.p.A., the Italian holding company of the Allianz Group, announced it has finalized the acquisition of Aviva Italia S.p.A., the Italian property & casualty (P/C) insurance entity of the Aviva Group. The...
Allianz Transfers Legacy Life Portfolio to Resolution Re, Using Quota Share Reinsurance
Sep 30 2021 // Allianz Suisse Life has agreed to transfer to Resolution Re a legacy portfolio of individual life products, which have a reserve volume of around 4 billion Swiss francs (US$4.3 billion). Using quota share reinsurance,...
Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources
Sep 28 2021 // Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as Europe’s largest...
Germany’s Allianz Facing U.S. Justice Probe of Fund Managers, Investors’ $6B Lawsuit
Sep 10 2021 // FRANKFURT/WASHINGTON — The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with...
German Regulators Begin Investigation Into Allianz U.S. Investment Funds
Sep 7 2021 // German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of the matter told...
‘Not Everything Was Perfect’ in Fund Manager, Says Allianz CEO, After ‘Horrible Week’
Aug 6 2021 // Oliver Baete, chief executive officer of Germany’s Allianz, on Friday spoke of a “horrible week” for him and the insurer, his first response to a disclosure that the U.S. Department of Justice was...
Allianz Posts 46% Jump in Q2 Profit, with Rosy Outlook Expected
Aug 6 2021 // FRANKFURT – German insurer Allianz on Friday posted a better-than-expected 46% jump in second-quarter net profit and provided a rosier outlook for the full year as it emerges from pressure on business caused by the...
Update: Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds
Aug 2 2021 // Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into its Structured Alpha Funds, which are at the center of lawsuits in the wake of steep losses during the...
Allianz Restructures UK Operations into Distinct Commercial and Personal Businesses
Jul 15 2021 // Allianz Holdings, the UK subsidiary of Allianz SE, has restructured its operations, to create distinct Personal and Commercial businesses, supported by a number of integrated service functions. These changes represent the...
Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses
Jul 9 2021 // Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that starting in December it will...
People Moves: Allianz’ Ress to AXA XL; Tye Succeeds Card as Carbon’s CEO; Woodhams Promoted at iprism
Jul 6 2021 // This group of international People Moves provides details of appointments at insurer AXA XL; Carbon Underwriting, a managing general underwriter; and iprism, a managing general agent. A summary of these new hires...
People Moves: Arch’s Kashuba, TransRe’s Robinson to Ascot; Marsh’s Little to MS Amlin; Allianz’ Schaefer to Howden
Jun 25 2021 // These international People Moves detail new hires at two Lloyd’s insurers (Ascot and MS Amlin) and broker Howden. A summary of these appointments follows here. Insurer Ascot Group announced the expansion of its U.S....
French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns
Jun 17 2021 // A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter...
Generali, Allianz Are Among Suitors for NN Group’s Asset Manager Arm: Sources
Jun 4 2021 // DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm of NN Group NV, people familiar with the matter said. The unit, known as NN Investment Partners,...
Italy Probes Alleged Cartel Among Auto Insurers, Including Allianz Direct, Zurich
May 21 2021 // MILAN – Italy’s antitrust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile...
COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz
May 17 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also...
