Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz to Shrink German Branch Network; Hit by Low Interest Rates
Jun 10 2015 // Allianz SE, Europe’s biggest insurer, said it will shrink its administrative branch network in Germany as low interest rates and regulatory demands hurt industry profitability. About 360 jobs, or about 1 percent of...
Allianz Engineering in UK Appoints Kelly as Senior Technical Manager
Jun 8 2015 // UK-based Allianz Engineering has appointed Steve Kelly as senior technical manager. In his new role, Kelly will be responsible for delivering profitable growth by overseeing the development of Allianz’s engineering...
UK’s Allianz Insurance Aims to Improve Fleet Safety With Telematics Partnership
Jun 5 2015 // Allianz Commercial has joined forces with fleet incident management provider FMG, to provide commercial fleet and motor trade customers with the capability to improve driver safety and fleet efficiency. Allianz Commercial...
Two-Thirds of UK SMEs Not Aware of D&O Insurance: Allianz Research
May 19 2015 // Two-thirds of small and medium business leaders in the United Kingdom are not aware of what directors & officers insurance is, according to new research by Allianz Insurance, one of the largest general insurers in the...
Chubb Hires 3 from Fireman’s Fund High-Net-Worth Team
May 18 2015 // Three insurance professionals with experience in the high-net-worth customer segment have joined Chubb Personal Insurance (CPI). Jennifer Celmer, Robert Haibi and Eric Shanks have been appointed to management roles at...
Allianz Global Corporate & Specialty Names Kadow as Chief Agent for Canada
May 13 2015 // Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has appointed Ulrich Kadow as chief agent for Canada effective immediately. Based in Toronto, Kadow will lead...
Outflows From Pimco Cut Allianz Asset Management’s Q1 Profit by 14%
May 12 2015 // Allianz SE, Europe’s biggest insurer, said first-quarter profit from asset management slid on outflows from Pacific Investment Management Co. Operating profit at the business, which consists of Newport Beach,...
Allianz Profit Rises 11% to 1.82 Billion Euros Despite Outflows From PIMCO
May 6 2015 // Allianz SE, Europe’s biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the most in six...
Shareholders Seek Clues to Allianz’s Plan for Pimco from New CEO
May 6 2015 // Allianz shareholders will see new CEO Oliver Baete installed on Wednesday and will be eager for any clues about his strategy for Europe’s largest insurer – and how he plans to improve the prospects of its asset...
CEOs of 43 Companies, Including Allianz, Call for Action on Climate Change
Apr 17 2015 // The bosses of 43 companies including Ikea, Dow Chemical Co. and HSBC Holdings plc called for swift action on climate change, a sign businesses are prepared for a United Nations deal this year on limiting fossil fuel...
Allianz Completes Sale of Fireman’s Fund Personal Lines to ACE
Apr 1 2015 // Allianz Global Corporate & Specialty (AGCS) said it has completed the sale of the U.S. personal lines business of Fireman’s Fund Insurance Co. (FFIC) to ACE Ltd. The sale, which closed on schedule as previously...
Allianz Estimates $300 Million in Claims for Germanwings Crash, Sources Say
Mar 31 2015 // Germany’s Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The figure...
Shipping Losses Down in 2014 But New Threats Loom: Allianz
Mar 26 2015 // Shipping losses declined to 75 during 2014, a 32 percent drop from the previous year and well below the 10-year loss average of 127, according to Allianz Global Corporate & Specialty SE’s (AGCS) third annual...
Allianz Is Lead Underwriter for Crashed Germanwings Airbus A320
Mar 25 2015 // German insurer Allianz confirmed it was the lead insurance underwriter for the Airbus A320 plane which crashed in the French Alps on Tuesday. All 150 people on board the plane, operated by Lufthansa’s Germanwings...
Allianz Profit Drops as Gross’ Exit Spurs PIMCO Asset Outflows
Feb 26 2015 // Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net...
Allianz’s El-Erian Cites ‘Illusion of Liquidity’ as Biggest Market Risk – CNBC
Feb 18 2015 // Mohamed El-Erian, chief economic adviser at Allianz SE, said Tuesday that Ukraine and Greece are major market risks, but that the biggest risk is the “illusion of liquidity.” “The biggest risk is this...
Allianz Re CEO Ahmed Says Rate Reductions May Abate in 2015
Jan 21 2015 // Rates charged by reinsurers, which have been falling for most of the past decade, may decline more slowly this year, the head of Allianz SE’s reinsurance division said. “Our assessments show that rates in some...
Allianz Survey: Businesses Face New Challenges in Interconnected World
Jan 15 2015 // Business interruption (BI) and supply chain, natural catastrophes and fire/explosion are the major risks that occupy the attention of companies at the start of 2015, according to the fourth annual “Allianz Risk...
Allianz Hires Zurich’s Schiavone to Build U.S. Financial Lines
Jan 13 2015 // Allianz SE hired Zurich Insurance Group AG’s Paul Schiavone to oversee financial products in the U.S. and Canada as Europe’s largest insurer builds its commercial business in North America. Schiavone, 46, was...
People – East
Jan 12 2015 // Maryland’s Republican Gov.-elect Larry Hogan has named Al Redmer, Jr. to be the state’s insurance commissioner. Maryland’s current insurance commissioner, Therese M. Goldsmith, previously announced that...
