Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
S&P Affirms Allianz Canada ‘BBB’ Ratings; Raises Outlook to Stable
Jun 10 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Allianz Insurance Co. of Canada and Trafalgar Insurance Co. of Canada (collectively referred to as Allianz Canada) to stable from...
People and Places
Jun 7 2004 // Michael Donnelly Professional Lines Underwriting Specialists Inc. (PLUS), an Austin-based professional liability insurance wholesaler, named Michael Donnelly as vice president. Donnelly comes to PLUS after spending his...
S&P Ups Outlook, Affirms Allianz Australia Ratings
Jun 3 2004 // Standard & Poor’s Ratings Services announced that it has revised the rating outlook on Allianz Australia Insurance Ltd. (Allianz Australia) and its associated company, Allianz New Zealand Ltd., to positive from...
S&P Puts Allianz ART Unit on CreditWatch
May 12 2004 // Standard & Poor’s Ratings Services announced that it has placed its “AA-” counterparty credit, insurer financial strength, and insurer financial enhancement ratings on Swiss-based Allianz Risk...
Fireman’s Fund Selects Kavitsky to Succeed Post as CEO and President
May 10 2004 // Fireman’s Fund Insurance Company (FFIC), the California-based subsidiary of Germany’s Allianz, announced that Jeff Post, 44, has resigned as CEO and president for personal reasons and will leave the company at...
Allianz Reports Strong Q1 Results
May 6 2004 // Germany’s Allianz Group marked the end of the first quarter of 2004 with a surge in operating earnings and profits in all four of its main business segments. The group’s report, posted on its Website, indicated...
Allianz Foresees Growth in Chinese Market
Apr 1 2004 // Michael Diekmann, Chairman and CEO of the Allianz Group, has expressed his confidence in the company’s prospects in the Chinese market. On his first visit to the country since taking over Allianz, Diekmann and Werner...
Allianz 2003 Profits $1.96 Billion, Dresdner Loss Weighs
Mar 19 2004 // Germany’s Allianz AG bounced back strongly from last year ‘s losses to post net profits of 1.6 billion euros ($1.96 bllion) for 2003. Nevertheless the poor performance of the Group’s banking operations,...
Best Downgrades Allianz Canadian Subs
Mar 2 2004 // A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Allianz Insurance Company of Canada and the financial strength rating to...
Best Affirms Allianz ‘A+’ Ratings
Feb 12 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Germany’s Allianz Aktiengesellschaft and its core subsidiaries. It has also affirmed the “aa-”...
Allianz’ Spanish Sub Posts Premium Gains
Jan 30 2004 // Allianz Compania de Seguros y Reaseguros, the Barcelona-based Spanish subsidiary of Germany’s Allianz, announced that it has seen premium income grow by more than 13 percent in 2003 and nearly 60 percent over the...
Allianz Global Risks US Insurance Co. Unveils Power Generation Unit
Jan 26 2004 // Allianz Global Risks US Insurance Company has launched a new business unit to provide property insurance to the U.S. power generation industry, including utilities and wholesale suppliers. The company is targeting large,...
Allianz GR Lead Insurer for Orinoco Bridge
Jan 26 2004 // London-based Allianz Global Risks, a unit of Germany’s Allianz AG, announced that it will act as the lead insurer for the second Orinoco River Bridge Project. At 2,140 kilometers (1285 miles), the Orinoco is South...
S&P Lowers Allianz Canada Ratings to ‘BBB+’
Dec 10 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Allianz Insurance Co of Canada and Trafalgar Insurance Co. of Canada (collectively...
Allianz Sees Return to Profit after Asset Sale, Tax Changes
Oct 24 2003 // Germany’s Allianz said it expects to achieve “positive results” for its 2003 fiscal year, not only from improved profitability in its operations, but also following the sale of 40 percent of its stake in...
Allianz Poland Increases Sales by 53 Percent
Aug 27 2003 // Germany’s Allianz announced that its Polish subsidiary “is continuing to increase its sales, growing faster than the market.” First half-financial results show an overall 53 percent increase with both...
Allianz German P/C Operations Post Premium Gains
Aug 20 2003 // Allianz Property and Casualty Group Germany, which combines the property and casualty insurance business of the German Allianz companies, achieved a positive underwriting result in the first half-year of 2003 as gross...
Allianz Posts Strong 1st Half Results, $115 Million Profit
Aug 14 2003 // Germany’s Allianz confounded many analysts’ forecasts by reporting strong gains in most of its operations, posting a net profit of 102 million euros ($115.26 million) for the first half of 2003. The...
Deutsche Bank Sues Allianz, AXA on Sept. 11 Building Claim
Aug 12 2003 // Deutsche Bank (DB) has filed suit against Allianz and AXA over a claim for damages to its building at 130 Liberty Street in New York City caused by the collapse of the World Trade Center towers. The suit, filed in New York...
Allianz Flood Claims Top $900 Million; Will Reduce BMW Stake
Aug 11 2003 // Germany’s Allianz announced that it has now processed nearly all of the claims from last summer’s floods in Germany and Eastern Europe, and has paid more than 805 million euros ($909.65). It also revealed plans...
