Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors
Aug 1 2014 // Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash...
Best Affirms Allianz Global Risks US Insurance Co. & Subs Ratings
Jul 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Allianz Global Risk US Insurance Company, Allianz Underwriters Insurance Company and...
Allianz Backs ‘Legend’ Gross as Pimco Total Return Fund Lags Behind
Jul 21 2014 // Allianz SE, Europe’s biggest insurer and owner of Pacific Investment Management Co., is standing by Chief Investment Officer Bill Gross as his main fund trails peers and struggles with a record streak of investor...
Allianz Is Lead Reinsurer of $97.3 Million in Ukraine Plane Crash
Jul 18 2014 // Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over eastern Ukraine. The aircraft’s value is about $97.3 million, London-based insurance broker Aon Plc,...
Allianz Deutschland CEO Riess Sees No Need for Fresh German Cost-Cutting Plan
Jul 16 2014 // The German unit of Allianz SE, Europe’s biggest insurer, sees no need to follow up on a cost-cutting program in its non-life business that has dragged on three years. “We have achieved a lot; now it’s...
Allianz Says Investments in Roads, Grids Lack Political Support
Jul 10 2014 // Allianz SE said a lack of political support prevents investors from contributing more money to infrastructure projects such as roads or power and gas grids. “Politicians are still convinced infrastructure has to be...
Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki
Jun 18 2014 // Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar...
Allianz Pressures Pimco to Reverse Withdrawals
May 15 2014 // German insurer Allianz has called on its California-based asset manager, Pimco, to prove itself after investors withdrew a further 22 billion euros ($30 billion) in the first quarter, denting group earnings. Performance at...
Allianz Q1 2014 Profit Falls 2.9%, but Beats Estimates
May 8 2014 // Allianz SE, Europe’s biggest insurer, reported first-quarter operating profit that fell 2.9 percent, less than analysts estimated, and said it was maintaining its earnings target for the year. Operating profit was...
Insurer Allianz Faces Shareholder Grilling over Pimco
May 7 2014 // Top Allianz executives face a grilling on Wednesday from shareholders worried about a wobbly performance at its U.S-based Pimco fund management business. Europe’s biggest insurer has made a strong comeback from the...
Allianz Expands in Canada to Energy, Mining Markets
Apr 4 2014 // Allianz SE, Europe’s biggest insurer, is expanding in Canada, targeting protection for the energy and mining industries. The insurer, which offers corporate property and casualty coverage in Canada through brokers,...
Allianz to Acquire P&C Business, Distribution Capacity from Italy’s UnipolSai
Mar 18 2014 // Allianz announced that it has agreed to acquire a part of the Property and Casualty insurance business of the Italian insurer UnipolSai with premiums of €1.1 billion [$1.53 billion] (2013). “The business includes...
Allianz Q4 Profit Misses Estimates; Shares Drop
Feb 27 2014 // Allianz SE, Europe’s biggest insurer, posted fourth-quarter earnings that missed analysts’ estimates and said operating profit may decline this year amid low interest rates. The shares fell. Net income grew to...
Investors, Including Allianz, Mount Attack on Norway in $20 Billion Oil & Gas Row
Feb 26 2014 // Allianz SE, Abu Dhabi’s wealth fund and firms including Statoil ASA have mounted a multi-pronged battle against Norway to defend revenue and oil- and gas- industry projects valued at $20 billion. Owners in gas...
Allianz Signs on to UN’s Principles for Sustainable Insurance (PSI)
Feb 20 2014 // Germany’s Allianz SE, Europe’s largest insurer, announced that it has signed the Principles for Sustainable Insurance (PSI) of the United Nations Environment Program Finance Initiative (UNEP-FI), effective...
Top 10 Corporate Risks in 2014: Allianz Risk Barometer
Jan 27 2014 // Business interruption (BI) and supply chain, natural catastrophes and fire/explosion top the list of company risks in 2014, according to the third annual Allianz Risk Barometer, which surveyed some 400 insurance experts...
Allianz Re CEO Ahmed Sees No Rebound in 2014 Reinsurance Rates
Jan 22 2014 // Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won’t rebound in 2014, the head of Allianz SE’s reinsurance arm said. “Last year’s catastrophe activity...
Top 10 Corporate Risks in 2014: Allianz Risk Barometer
Jan 14 2014 // Business interruption (BI) and supply chain, natural catastrophes and fire/explosion top the list of company risks in 2014, according to the third annual Allianz Risk Barometer, which surveyed over 400 corporate insurance...
Allianz Expects Boost from Cyber Insurance Sales; East Europe, Asia, Brazil Markets
Nov 20 2013 // Allianz SE, Europe’s biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber risks will increase revenue at its industrial insurance unit. “New...
Allianz Looks to Boost U.S. Presence, Improve Fireman’s Fund: Bhojwani
Nov 15 2013 // Allianz SE, Europe’s largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back in the country. “It is a monster market,” Gary Bhojwani, the...
