Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Group and Fireman’s Fund Team to Combine Marine Insurance Business
Aug 12 2008 // Allianz Global Corporate & Specialty (AGCS), the industrial insurance arm of the Allianz Group, and Fireman’s Fund Insurance Co, an Allianz general insurance unit in the United States, are combining their marine...
Credit Crunch Cripples European Insurers’ Profits
Aug 7 2008 // The global credit crisis tore a hole in the profits of some of Europe’s top insurers on Thursday, with AXA and Aegon both posting lower earnings. Share reactions were mixed across Europe. The DJ Stoxx European...
S&P Affirms Allianz ‘AA’ Ratings
Jul 30 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Germany’s Allianz SE (AZSE) and various core operating entities....
Spain’s Santander Eyes Dresdner Bank – Sources
Jun 20 2008 // Spanish retail bank Santander is considering buying Dresdner Bank in the latest twist of Germany’s bank merger frenzy, according to people with direct knowledge of the matter. The German banking industry is the...
Ratings Roundup: Allianz, Stellar, W.R. Berkley (Europe), Kiln
Jun 19 2008 // Standard & Poor’s Ratings Services has affirmed its ‘A+’ junior subordinated long-term debt rating on the $2.0 billion undated, subordinated, fixed-rate callable bonds issued by Germany’s...
The Hartford, Allianz, Aflac Named Among World’s ‘Most Ethical’ Firms
Jun 4 2008 // Three insurance industry giants now boast the title as “one of the world’s most ethical companies,” according to a Ethisphere, a think-tank dedicated to the research and promotion of profitable best...
Allianz in Talks on Dresdner Bank
May 21 2008 // Germany’s Allianz is in talks about the future of its Dresdner Bank unit and sees a real chance for banking consolidation in Germany, its chief executive said on Wednesday in remarks that boosted German bank...
Pinnacle Settles with 2 Insurers over Katrina Damage in Mississippi
May 16 2008 // Casino owner Pinnacle Entertainment Inc. settled a lawsuit with two insurance companies over Hurricane Katrina damage to the company’s property in Mississippi. Allianz Global Risks U.S. Insurance Co. agreed to pay...
Dresdner Posts Q1 Loss; Allianz Confirms Profit Decline
May 9 2008 // Dresdner Bank stayed in the red in the first quarter after writing down €845 million ($1.3 billion) on structured finance investments, keeping it in the spotlight as parent Allianz works to split it in two. Dresdner...
Allianz Forecasts $2.8 Billion Q1 Profit
Apr 29 2008 // Germany’s Allianz SE said it expects a “solid operating profit” for the first quarter of 2008 of €1.8 billion ($2.8 billion) “despite a difficult market environment.” The Allianz Group...
S&P Says Allianz SE Ratings ‘Not Affected’ by Dresdner Separation
Mar 19 2008 // Standard & Poor’s Ratings Services said that its ratings and outlook on Germany’s Allianz SE (AZSE) [currently ‘AA’/Stable/’A-1+’] and related entities “are not affected by...
Allianz Estimates ‘Emma’ Claims Will Exceed $300 Million
Mar 14 2008 // Germany’s Allianz reported that it now estimates that net claims before taxes caused by windstorm “Emma” will be more than €200 million ($311 million). Allianz noted: “Damages are less severe than...
Allianz to Break Up Troubled Dresdner, Source Tells Reuters
Mar 14 2008 // Allianz is preparing Dresdner Bank for a break-up and possible sale, a source told Reuters on Friday, a move that could end the marriage of the bank and insurer which many investors wished never happened. Allianz has...
Nanotechnology: A Big Risk in a Small Package?
Mar 10 2008 // Nanotechnology presents great opportunity, but the impact on insurance is still unknown Insurance professionals gathered in the oak-paneled Old Library of Lloyd’s of London this past December to learn more about a...
Allianz Releases 2007 Earnings Figures
Feb 21 2008 // Germany’s Allianz SE has released its official earnings report for 2007, which shows some declines from the preliminary earnings announcement it released last month (See IJ web site –...
Research & Markets Report on Allianz UK
Feb 4 2008 // Research and Markets has added a report on Allianz UK Personal General Insurance Competitor Profile 2006 to their offering. This profile contains an overview of Allianz’s personal general insurance business in the...
Ratings Roundup: Allianz, AXIS
Jan 31 2008 // Standard & Poor’s Ratings Services said that its ratings and outlook on Allianz SE (AA/Stable/A-1+) and related entities were not immediately affected by the revision of the outlook to negative from stable on...
Allianz Expects $11.78 Billion 2007 Net Income
Jan 25 2008 // In a preliminary earnings announcement Germany’s Allianz SE said it expects net income for 2007 to be around €8 billion ($11.7886 billion) and operating profits of more than €10.8 billion ($15.9 billion),...
Allianz to Further Reduce Munich Re Stake
Jan 16 2008 // Germany’s Allianz SE announced that it is set to further reduce its stake in Munich Re by redeeming the “remaining part of 35.65 percent of the BITES bond issued in February 2005 with Munich Re shares at the...
Allianz Sells Property Portfolio to Whitehall Funds for $2.45 Billion
Dec 21 2007 // Allianz Immobilien GmbH, a real property investment subsidiary of German insurer Allianz SE, has sold a portfolio of commercial property worth some €1.7 billion ($2.45 billion) to subsidiaries of the Whitehall Funds,...
