Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
People – Southeast
Jan 12 2015 // Raymond Farmer is staying on to lead South Carolina’s Department of Insurance. Farmer said he was asked by Gov. Nikki Haley to stay on in the position he’s held since 2012. Farmer took over nearly a year after...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Jan 12 2015 // On Dec. 18, Allianz Group announced that it would sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines...
Allianz Lead Reinsurer for Missing AirAsia Plane; JLT Broker
Dec 29 2014 // German insurer Allianz said on Monday it was the lead re-insurer to the AirAsia jet missing off the Indonesian coast with 162 people on board, making it the third major airline accident it has been involved in this...
ACE to Keep Most Fireman’s Fund Personal Lines Staff: Andrade
Dec 23 2014 // ACE Group said it will keep most of the employees with Fireman’s Fund’s personal lines business once its $365 million acquisition of the division from Allianz goes through. “We value Fireman’s Fund...
Fireman’s Fund Timeline: Through Earthquake, Amex and More
Dec 19 2014 // The sale of a Fireman’s Fund unit from Allianz SE to Ace Ltd. stands to further diminish an iconic U.S. insurance brand that dates to the 1800s. The buyer said Thursday that it will integrate the operation, which...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Dec 18 2014 // Allianz Group has agreed to sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines business with ACE and the...
Allianz Announces New Leadership Team for Combined Fireman’s Fund, AGCS NA
Dec 12 2014 // German insurance giant Allianz announced a new team that will lead the combined Fireman’s Fund and Allianz Global Corporate & Specialty North American business beginning in 2015. Andrew Torrance, current...
Allianz Business Services Limited Joins Willis Commercial Network
Dec 10 2014 // Willis Group Holdings announced that the Allianz-owned company, Allianz Business Services Limited (ABSL), trading as Premierline, has joined the Willis Commercial Network (WCN). Lancaster-based ABSL joins WCN as part of a...
Cyber Attacks, Drones Pose Threat to Plane Safety: Allianz
Dec 9 2014 // Cyber attacks and commercial drones pose a growing risk of commercial airplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums. Technical advances in aircraft...
Allianz Reports 11.2% Hike in Net Income During Third Quarter
Nov 7 2014 // During the third quarter of 2014, Allianz Group reported total quarterly revenues increased 14.5 percent to 28.78 billion euros*, compared to 25.14 billion euros in the third quarter of 2013. Operating profit stood at 2.65...
Allianz Realigns Industrial Management, Launches Mid-Corporate Line
Oct 24 2014 // Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of...
Allianz Names Baete CEO to Succeed Diekmann amid Upheaval at Pimco
Oct 2 2014 // Allianz SE named board member Oliver Baete to succeed Michael Diekmann as chief executive officer as Europe’s biggest insurer grapples with upheaval at Pacific Investment Management Co. (Pimco) Diekmann, 59, will...
Departure of Bill Gross From Pimco Stuns Allianz
Sep 30 2014 // It was 2:28 p.m. in Munich on Sept. 26, and Bill Gross, in charge of $2 trillion as chief investment officer at Pacific Investment Management Co., had just announced that he was joining Janus Capital Group Inc., a...
Oktoberfest Insurance App Highlights German Digital Trend
Sep 29 2014 // For some, being prepared for Oktoberfest means downloading an app that points you to the nearest restroom or helps you decipher Bavarian dialect. A novelty at this year’s event is an online casualty insurance with...
Allianz CEO’s Contract Likely to Be Extended
Sep 29 2014 // Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to soothe the turmoil over leadership change at its Pimco subsidiary, a German newspaper...
Allianz: No Plans to Hike Pimco Oversight
Sep 29 2014 // German insurer Allianz says it has no plans to increase oversight of its California-based investment unit Pimco after the shock departure of co-founder Bill Gross sent shares in the Munich-based parent tumbling at the end...
Allianz to Assume Fireman’s Fund Commercial Lines; Future of Personal Lines Uncertain
Sep 17 2014 // German insurance giant Allianz said it will absorb the commercial lines business of its U.S. subsidiary Fireman’s Fund Insurance Co. into one of its own global divisions. Meanwhile, after days of declining to...
Allianz Launches Cyber Crime Coverage for Canadian Companies
Aug 19 2014 // Industrial insurance specialist Allianz Global Corporate & Specialty (AGCS) has launched Allianz Cyber Protect in Canada, a suite of coverages with capacity to protect a company in the event of a data loss or a...
Allianz Profit Beats Estimates on Lower Claims, Life Unit
Aug 8 2014 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income increased to €1.76...
Allianz Specialty Reports on ‘Billion Dollar Challenge’ from Panama Canal Expansion
Aug 6 2014 // The Panama Canal is preparing to celebrate its 100th anniversary, accompanied by warnings from insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships...
