Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Pays $1B for Part of Goldman’s Stake in China Insurer Taikang: Sources
Nov 6 2019 // German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely held Chinese insurer Taikang Life Insurance Co., according to people with knowledge of the matter. Goldman sold a...
BHSI Names 3 Product Line Leaders in Spain, Hired from RSA, Chubb and Allianz
Oct 17 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has filled three key leadership positions in Madrid, naming Diego Espinosa as head of Property, Juan Madrid as head of Casualty, and Tomás Blas as head of...
Holocaust Survivors Want Congress to Let Them Sue Insurers Over Nazi-Era Losses
Oct 10 2019 // When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in Nazi concentration camps or by...
Hard Brexit Would Have ‘Significant Impact’ on U.K., Europe: Allianz Global Investors
Oct 9 2019 // Andreas Utermann has long brushed off the risk of a hard Brexit, arguing even a managed separation would be a nightmare for the U.K. Now that scenario is shaping up as the biggest worry for the money managers at Allianz...
Allianz Emerges as Frontrunner to Invest in Bancassurance Unit of Spanish Lender BBVA
Oct 1 2019 // German insurer Allianz has emerged as the frontrunner to invest in the bancassurance business of Spanish lender BBVA, two sources close to the deal told Reuters, after Italian rival Generali pulled out of the race. The...
AGCS Names Kang as Head of Reinsurance and Catastrophe Risk Management
Oct 1 2019 // Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has appointed Hyeji Kang as global head of Reinsurance and Catastrophe Risk Management, effective Oct. 1, 2019. She will...
Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources
Sep 24 2019 // German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources...
Allianz Risk Names Bavishi as Deputy Regional Head of Americas
Sep 13 2019 // Allianz Global Corporate & Specialty has appointed Parag Bavishi as deputy regional head of the Americas with its Alternative Risk Transfer (ART) division. In this role, Bavishi will lead ART’s structured...
Allianz to Buy SulAmérica’s Auto, Other P/C Insurance Operations
Aug 23 2019 // Allianz has agreed to acquire automobile and other property/casualty insurance operations from Brazil’s SulAmérica for BRL 3 billion (667 million euros). Allianz said the acquisition will strengthen its competitive...
Allianz Appoints Mitchell as Regional Head, Multinational for the Americas
Aug 13 2019 // Allianz Global Corporate & Specialty SE (AGCS) has named Ben Mitchell to the newly created role of regional head of Multinational Americas. He is based in Chicago. Mitchell has served as head of the Global Clients...
Allianz Promotes Castriotta to North American Financial Product Development Head
Jul 23 2019 // Allianz Global Corporate & Specialty has promoted Kelly Castriotta to regional head of Product Development for Financial Lines in North America. Castriotta, an attorney, joined the AGCS Financial Lines team in 2018 and...
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture
Jun 25 2019 // Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the...
AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation
Jun 14 2019 // Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective July 1, 2019, Ulrich Kadow will be appointed as AGCS global head of Marine....
Allianz Expansion Plan Includes $1 Billion for UK Insurers
May 31 2019 // Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The Munich-headquartered company agreed...
Allianz Invests in Canadian Robo Adviser Wealthsimple, Leading $75M Funding Round
May 23 2019 // Wealthsimple, the Canadian robo adviser company controlled by Power Financial Corp., is gaining another behemoth shareholder as it slowly gears up for an initial public offering. Allianz X, the tech investment fund of...
Allianz Posts Q1 Net Profit of $2.21B, a Small Rise from Q1 2018
May 14 2019 // German insurer Allianz SE on Tuesday posted a small rise in net profit in the first quarter from a year earlier, marginally ahead of expectations, and confirmed its targets for 2019. Results were helped by lower claims...
Venture Insurance Programs Partners with Allianz on Golf, Country Club Accounts
May 10 2019 // Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the...
Allianz Wins Shareholder Approval for New Executive Pay Policy
May 9 2019 // Allianz SE won shareholder approval for its new policy on management-board pay, avoiding the sort of investor backlash seen at some European firms in recent years. The German insurer proposed increasing the importance of...
Allianz Weighs Bid for Deutsche Bank’s Asset Management Business: Sources
Apr 24 2019 // Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank’s DWS, sources close to the matter said on Wednesday. Their interest comes as Germany’s biggest bank...
OnRamp Insurance Accelerator Seeking Applications from Fintech and Insurtech Startups
Apr 23 2019 // Minneapolis-St.Paul – April 23, 2019 – The OnRamp Insurance Accelerator, in partnership with Allianz Life, Securian Financial and gener8tor, is accepting applications from startups seeking to be a part of the...
