Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Will Strengthen Fireman’s Fund A&E Reserves by $750 Million
Sep 13 2002 // Allianz AG announced that it will increase the reserves of Fireman’s Fund Insurance Company, its its California-based U.S. property/casualty subsidiary, by $750 million, primarily to cover the anticipated increase in...
S&P’s Comments on Fireman’s Fund Insurance Co.
Aug 30 2002 // Standard & Poor’s commented on Fireman’s Fund Insurance Co. and its related entities (FFIC), saying the double-‘A’-minus counter party credit and financial strength ratings on FFIC remain on...
AIC Opens Houston Office
Aug 20 2002 // Allianz Insurance Company (AIC), a member of the international Allianz Group, has relocated its Energy Operations unit to Houston to be closer to oil, gas and petrochemical clients domiciled throughout North, Central and...
A.M. Best Affirms Rating of Allianz
Aug 8 2002 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Allianz AG Consolidated, Germany. At the same time, A.M. Best has downgraded Allianz’s debt ratings to “aa+” from...
S&P’s Places Allianz and Dresdner on Watch Neg
Aug 2 2002 // Standard & Poor’s Ratings Services has placed its long-term ratings, including its double-‘A’-plus counterparty credit and insurer financial strength ratings, on Munich-based insurance group, Allianz...
Allianz Insurance Co. Appoints Callahan CEO
May 13 2002 // California-based Allianz Insurance Company (AIC), a member of the Allianz Group, appointed Kevin R. Callahan to CEO. In his position as CEO of AIC, Callahan will be responsible for building AIC into an innovative insurance...
Allianz Report Upbeat on Business in China
May 2 2002 // Germany’s Allianz posted an article on its web site that sounds an upbeat note about doing business in China, and singles out Shanghai as the best place for banks and insurance companies to locate. The report notes...
Allianz Offers Airlines $2 Billion Terror Cover Program
Apr 26 2002 // Germany’s Allianz announced the launch of “a new product addressing the need of airlines for a solution regarding their exposure to terrorism and war third-party legal liability.” The policy, which will...
Allianz Finalizes 2001 Net Profit at $1.42 Billion, Defends Dresdner Acquisition
Apr 19 2002 // Germany’s Allianz Group had an off year in 2001, along with most of the rest of the insurance industry. The company announced its definitive results yesterday, showing a net profit of €1.6 billion ($1.42...
Allianz’ Mondial Assistance Offers Help Around the World
Apr 12 2002 // Mondial Assistance, which was originally established in France in 1974, became a wholly owned subsidiary of Allianz when it acquired AGF. The division now employs approximately 5,000 people, has offices on all five...
Allianz Study Shows First Minutes Are Crucial in Vehicle Fires
Apr 2 2002 // A research study by the Allianz Center for Technology (ACT) has shown that in the first few minutes after a fire breaks out car occupants can be rescued, generally without danger for the rescuers, as long as the fire does...
S&P Affirms Allianz Group Ratings, Revises Outlook to Negative
Mar 21 2002 // Standard & Poor’s affirmed all its ratings on Germany’s Allianz group, including its double-‘A’-plus long-term counterparty credit and insurer financial strength ratings, and its...
Holocaust Insurance Claims Panel Faces Recriminations over Delays
Feb 11 2002 // Many European countries observed Sunday, Jan. 27 as Holocaust Memorial Day, a time set aside to honor the memory of the 12 million human beings—over six million of them Jewish—who perished at the hands of the Nazis...
Allianz Net Falls on WTC Attacks, Forecasts Gains in 2002
Feb 8 2002 // German insurance giant Allianz AG confirmed the adverse affects of last September’s attacks on the World Trade Center with the announcement that preliminary figures indicated a net operating profit for 2001 of around...
Allianz to Buy Out Minority Interests
Feb 8 2002 // Germany’s Allianz AG announced that it plans to acquire the minority interests of shareholders in its subsidiaries Dresdner Bank, Hermes and Vereinte Versicherung in a so-called “squeeze-out”. Paul...
A.M. Best Lowers Allianz Canada Ratings to ‘A’ (Excellent)
Jan 24 2002 // A.M. Best announced that it has downgraded the financial strength ratings to A (Excellent) from A++ (Superior) for Allianz Insurance Company of Canada and its affiliated company, Trafalgar Insurance Company of Canada,...
Munich Re, Allianz Complete Share Sales
Jan 21 2002 // Munich Re and Allianz AG have completed the sales of their respective investments in several subsidiary insurance and financial groups first announced last April. Munich Re stated that, “it now holds 25.7% of the...
A.M. Best Affirms Cornhill’s ‘A++’ (Superior) Rating
Jan 11 2002 // A.M. Best announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, London, the principal U.K. subsidiary of Germany’s Allianz AG. Best’s statement noted...
Allianz Joins WTC Lawsuit
Jan 4 2002 // Germany’s Allianz AG has elected to become part of the World Trade Center dispute by joining Swiss Re and Chubb Corp. in seeking to have the destruction of the twin towers declared “one occurrence,”...
Allianz To Sponsor Williams F1 Team in 2002
Jan 4 2002 // While NASCAR and CART may dominate the sport of auto racing in the U.S., the rest of the world watches Formula 1. This no doubt influenced Allianz AG to sponsor the BMW Williams F1 Team during the 2002 season. The team...
