Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Shipping Industry Had Safest Year in a Decade in 2015: Allianz Report
Mar 22 2016 // The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), with 85 total losses reported worldwide last year, down from 88 in 2014 and...
Court Rules ‘Bond King’ Gross Can Pursue $200M Lawsuit Against Allianz’ PIMCO
Mar 15 2016 // Bond manager Bill Gross will be able to pursue his lawsuit to recoup at least $200 million he claims that Pacific Investment Management Co. owes him in the wake of his 2014 ouster from the firm he co-founded. California...
Allianz Plans to Sue VW over Share Drop Caused by Emissions Scandal: Source
Mar 9 2016 // German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit...
Chubb’s Hearden, Allianz’s LePiane Join Hiscox Professional Risks
Mar 2 2016 // Specialty insurer Hiscox announced senior executive hires to its Professional Risks division, which writes liability coverage for professionals in the technology, architects and engineering, accounting, financial services,...
Allianz Launches Workers’ Comp Unit for Aviation Risks
Mar 2 2016 // Allianz Global Corporate & Specialty (AGCS) has entered into an agreement with the National Air Transportation Association (NATA) through which it has established a new aviation workers’ compensation department....
Allianz Puts South Korean Life Insurance Unit on Block: Sources
Feb 24 2016 // Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global overhaul in a tough low-interest rate environment, sources with direct knowledge of the matter...
Allianz, AXA & Sompo to Distribute Products Across Asia via CIMB Bank Branches
Feb 19 2016 // Allianz SE, AXA SA and Sompo Japan Nipponkoa Holdings Inc. made final bids for the rights to distribute their general insurance products through CIMB Group Holdings Bhd.’s branches across Asia, people with knowledge...
Allianz Q4 2015 Profit Rises to $1.6B on Cat Claims; Lower Than Analyst Estimates
Feb 19 2016 // Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe’s biggest insurer increased to 1.42 billion euros ($1.6 billion) in the quarter from...
Reinsurers’ Loss Reserves Dwindle While Rates Continue to Drop: Allianz Re CEO
Feb 18 2016 // Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according to the head of Allianz SE’s reinsurance unit. “I don’t think there are too many...
Allianz Transfers $1.1B of Policy Obligations to Reinsurer Enstar, Limiting US Risks
Feb 18 2016 // Allianz SE, Europe’s biggest insurer, struck a deal to limit risks in the U.S. by transferring policy obligations to reinsurer Enstar Group Ltd. Enstar will assume net reinsurance reserves of about $1.1 billion and...
Allianz to Buy Aegon’s Commercial P&C Portfolio in the Netherlands
Jan 22 2016 // Allianz has agreed to acquire the commercial P&C portfolio of Aegon in the Netherlands. Details of the transaction were not disclosed. Allianz’s P&C market share in the Netherlands will rise from 4.4 percent...
Allianz Global Creates North America Crisis Management Unit
Jan 7 2016 // Allianz Global Corporate & Specialty (AGCS) announced it has launched a Crisis Management division to assist its North American clients. Marcos Garcia Norris has been named crisis management regional practice group...
Catalina Completes Allianz Suisse Re Acquisition
Dec 18 2015 // Catalina Holdings (Bermuda) Ltd. announced that, following receipt of regulatory approvals from the FINMA the Swiss financial regulator, it has completed its acquisition of Allianz Suisse Ruckversicherungs-Gesellschaft AG...
Allianz Global Names AIG’s Williams Environmental Liability Manager for North America
Dec 11 2015 // Allianz Global Corporate & Specialty (AGCS) reported that Thomas Williams has been named regional practice leader, Environmental Impairment Liability (EIL), for North America. Based in Atlanta, he will report to Dieter...
Business Interruption Claims on the Rise: Allianz
Dec 10 2015 // The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a...
Business Moves
Dec 7 2015 // Endurance, W. Brown Associates Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has entered into an exclusive joint underwriting agreement with W....
Allianz Launches Motorsports Unit in North America
Dec 2 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is launching a dedicated motorsports unit in North America to be led by David Cloward, Global Product leader for Live...
Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO
Nov 24 2015 // Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment. Europe’s largest insurer plans to exit holdings in mining companies and utilities that derive...
Allianz Aims to Increase Premiums by $6.9 Billion Annually
Nov 24 2015 // Allianz SE, Europe’s largest insurer, aims to generate an additional 6.5 billion euros ($6.9 billion) in annual premiums as the company focuses on its most profitable businesses. Allianz wants to achieve annual...
Allianz Names Mackowiak Team Leader in Colorado
Nov 16 2015 // Allianz Global Corporate & Specialty has named Mandy Mackowiak as a team leader for the mountain states territory. Mackowiak will be based in the Denver, Colo. field office. She will be responsible for leading an...
