Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Shows Improvements, But Posts $593 Million Q1 Net Loss
May 16 2003 // Germany’s Allianz reported a first quarter net loss of 520 million euros ($593.06 million), mostly due to another series of writedowns in the value of its investments, but from an operating point of view...
Fireman’s Fund Affirmed
May 5 2003 // A.M. Best Co. affirmed “A” (Excellent) the financial strength ratings of the pool members of the Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review and the outlook...
Fireman’s Fund Affirmed
May 5 2003 // A.M. Best Co. affirmed “A” (Excellent) the financial strength ratings of the pool members of the Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review; the outlook...
A.M. Best Affirms Ratings of Fireman’s Fund
Apr 18 2003 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) on the pool members of the Novato, Calif.-based Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review...
A.M. Best Downgrades Ratings of Allianz Insurance, Allianz Underwriters
Apr 17 2003 // A.M. Best Co. has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of Allianz Insurance Company (AIC) and its direct subsidiary, Allianz Underwriters Insurance Company, both of Burbank, Calif....
Despite Market Turmoil, Co’s Still Buying D&0 Says Allianz
Apr 11 2003 // Although capacity for directors and officers’ liability insurance has contracted significantly and prices have soared in the past two years, the vast majority of professional risk managers say they are obtaining...
Allianz Launches its first P/C Operation in China
Mar 26 2003 // Germany’s Allianz announced that it has received final approval from Chinese regulatory authorities to launch its first property and casualty insurance operation in China, to be called Allianz Insurance Company...
Allianz: No Plans to Cancel Airline Coverage, EU Prepares Back-up Help
Mar 26 2003 // Germany’s Allianz AG, one of the largest providers of coverage to the European Community’s air carriers, has issued a statement indicating that, while it has no plans to cancel coverage on flights headed for...
Best Lowers Allianz Ratings, Company Denies Report on Asset Sales
Mar 24 2003 // A.M. Best Co. announced that it has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Germany’s Allianz AG and its core subsidiaries. It also lowered the ratings on Allianz’s senior...
Allianz Posts $1.28 Billion 2002 Loss; Cites Write-downs, Dresdner, Flood Losses
Mar 20 2003 // Germany’s Allianz AG joined the parade of big insurance companies that had a very bad year in 2002. For the first time since the end of the Second World War Europe’s largest insurer posted an annual loss, and...
Allianz, Partners Close Terror Insurer for Lack of Business
Mar 13 2003 // “I was misinformed.” That line from “Casablanca” was apparently echoed last week with the announcement that Allianz and its five partners had decided to shut down their Luxembourg-based terrorist...
Allianz Comments on S&P’s “A+” Ratings for its Marine and Aviation Unit
Mar 10 2003 // Standard & Poor’s recently announced that Allianz Marine & Aviation, the transport and aviation insurer of the Allianz Group, has been rated “A+” with a stable outlook, drawing this comment from...
Silverstein Registers Second Litigation Triumph in One Day
Jan 29 2003 // Silverstein Properties Inc. reported Wednesday that the district judge presiding over its dispute with the insurers of the Twin Towers had granted its motion to compel Swiss Re and Allianz to produce notes of meetings held...
Allianz Reconfirms New Capacity for Inherent Defects Insurance Coverage
Jan 28 2003 // Germany’s Allianz has reissued a bulletin confirming the increased capacity of its Global Risks unit available to cover faulty design, faulty material and faulty workmanship – inherent defects – for up to...
Best Lowers Ratings on Two Allianz Swiss Subsidiaries
Jan 21 2003 // A.M. Best Co. announced that it has lowered the financial strength ratings of Allianz Suisse Versicherungs-Gesellschaft and Allianz Suisse Lebensversicherungs-Gesellschaft- both referred to as Allianz Suisse -to A+...
U.K.’s Cornhill Re-branded Allianz Cornhill Insurance
Jan 14 2003 // The U.K.’s almost century old Cornhill Insurance has been re-branded as Allianz Cornhill Insurance plc to reflect its status, since 1986, as a member of Germany’s Allianz Group. “The name Cornhill is...
Allianz-Tiriac Wins Romanian Awards
Jan 6 2003 // Three Romanian economic magazines, “Financial Market”, “PRIMM” and “Bucharest Business Week,” have given Allianz’ Romanian oerations, Allianz Tiriac, their awards as the best local...
Allianz Launches D&O Liability Coverage
Jan 6 2003 // Allianz Insurance Company has launched a new business unit to provide directors and officers liability insurance. Allianz has consolidated operations and underwriting authority in its Chicago and New York offices to ensure...
Henning Schulte-Noelle to Step Down As Allianz CEO
Dec 19 2002 // In a somewhat surprising, but not entirely unexpected move, Henning Schulte-Noelle announced he is stepping down from his position as the Chairman of the Board of Management of Allianz AG at the end of the Annual General...
Allianz Posts $2.52 Billion Q3 Net Loss, $933 Million 1st Nine Months
Nov 15 2002 // Germany’s Allianz announced that it would report a net loss for the third quarter of 2.5 billion Euros ($2.525 billion) and a net loss of 924 million Euros ($933 million) for the first nine months of 2002 due to a...
