Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Acquires Majority Interest in Romania’s Tiriac Insurance
Aug 28 2000 // Ion Tiriac, the Romanian, who first gained fame as a world class tennis player, has gone on to much bigger things. He’s become Romania’s most successful entrepreneur, and capped the rise of his business empire...
Allianz, Munich Re Affirmed
Jun 12 2000 // Standard & Poor’s (S&P) affirmed its “AAA” counterparty credit and insurer financial strength ratings on entities of both the Munich Reinsurance Group and the Allianz Group. The affirmation...
Deutsche Bank To Close 300 Local Branches – Continues Allianz Talks
Jun 11 2000 // Deutsche Bank (DB) President and CEO Rolf Breuer told shareholders at the company’s annual meeting that Germany’s largest bank was planning to close up to 300 of its local branch offices and eliminate...
Deutsche Bank Reduces Allianz Shareholdings
Jun 7 2000 // Deutsche Bank (DB) announced Tuesday that it had sold approximately 7 million shares of its holdings in Germany’s Allianz at €362 ($343) per share totaling DM 2.5 billion ($1.3 billion). The sale reduces DB’s...
Allianz To Sponsor Formula One Team, Increase
May 22 2000 // Allianz AG announced Friday that it would sponsor the Williams/BMW Formula One racing team, in line with its plan, announced last year, to increase its worldwide brand awareness. The partnership with Bavarian neighbor BMW...
Allianz in Cooperation Agreement With Cisco
May 19 2000 // German insurance giant, Allianz AG, will team up with leading network provider Cisco Systems to create new e-Business initiatives for the Allianz Group, which includes U.S. subsidiaries, Fireman’s Fund, Allianz Life,...
Allianz, Munich Re Reduce Holdings to Fund Expansion
May 4 2000 // Allianz and Munich Re are planning to reduce mutual cross-shareholdings worth more than $7 billion, while selling off some holdings in jointly held companies in order to free up cash for an expansion in fund management and...
Allianz Stock Tumbles After Merger Failure
Apr 6 2000 // Allianz AG shares fell more than 10 percent Wednesday following the announcement that Deutsche Bank AG and Dresdner Bank AG had called off their planned merger. On Tuesday, Dresdner Bank accused Deutsche of undermining the...
Dresdner Suddenly Calls Off Planned Bank Merger
Apr 5 2000 // A month ago Dresdner Bank and Deutsche Bank (DB) announced plans to merge. With considerable help from their mutual shareholder, insurer Allianz AG, the two German banks seemed set to become the world’s largest bank,...
Allianz Comes Out the ‘Big Winner’ In German Bank Merger
Apr 3 2000 // On March 9, the German financial world quaked with the announcement that Deutsche Bank (DB), Germany’s largest bank, planned to merge with cross-town rival Dresdner Bank. Insurance giant Allianz AG was a driving...
Allianz Acquires Egyptian Insurer
Feb 21 2000 // Germany’s Allianz AG acquired a controlling 80 percent interest in Cairo-based Arab International Insurance Company (AIIC) by purchasing the 40 percent share held by France’s AXA. In 1998, AIIC reported gross...
Allianz Estimates Europe Storm Losses at Over $600 Million
Feb 3 2000 // Germany’s Allianz reported that the storms which swept Europe at the end of December had resulted in claims estimated at 625 million Euros ( $612 million). $107 million in claims for property and automobile damages...
