Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Africa’s Largest Insurer, Samlam, Partners With Allianz on $2.1 Billion Deal
May 4 2022 // Sanlam Ltd., Africa’s largest insurer, agreed to form a joint venture with Germany’s Allianz SE that will combine their assets on the continent valued at 2 billion euros ($2.1 billion) and help the partnership...
Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals
May 3 2022 // Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of efforts to align its underwriting policies with the world’s climate goal, the company said on...
Trade Credit Insurer Euler Hermes Rebrands as Allianz Trade
Mar 28 2022 // Euler Hermes, the world leader in trade credit insurance, has rebranded as Allianz Trade. The company described the name change as a natural move because it has been “fully part of the Allianz Group since...
Arkansas Teachers Fund Agrees to $643M Settlement With Allianz Over Losses
Mar 21 2022 // A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar trading debacle at the German insurer’s funds arm, according to a court document. The...
People Moves: IOA Names 6 Regional Execs; DeFelice Heads Aon’s U.S. Construction; Stephens Named Cyber Leader at Allianz
Mar 15 2022 // Insurance Office of America Names 6 Regional Executives Insurance Office of America (IOA) is pleased to announce the appointment of six regional presidents to its leadership team. The appointees to regional president...
Inside Allianz’s $4B Structured Alpha Fund Blowup: Red Flags and Fat Fees
Mar 14 2022 // It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go practically nowhere. But inside Allianz SE, where a handful of hedge fund managers claimed they...
Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia
Mar 14 2022 // Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia. The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and...
Arkansas Teachers Fund Agrees to $643M Settlement With Allianz Over Losses
Mar 3 2022 // A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar trading debacle at the German insurer’s funds arm, according to a court document. The...
Major Investors to Settle, End Suits Against Allianz Over Losses in Funds Collapse
Mar 1 2022 // A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over their losses in a multibillion-dollar trading debacle at the German asset manager’s funds arm. The...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds
Feb 22 2022 // Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings, according to regulatory...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds
Feb 18 2022 // German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of...
Former CEO of Allianz UK Appointed as CEO of Hiscox UK
Feb 17 2022 // Hiscox, the Bermuda-based specialist global insurer, announces the appointment of Jon Dye as its new UK CEO, effective September 2022, subject to regulatory approval. In his new role, Dye will be responsible for leading...
Allianz and UniCredit Expand Longstanding Multi-Country Bancassurance Agreement
Jan 28 2022 // Allianz and UniCredit have signed a multi-country agreement to build on the companies’ longstanding bancassurance partnership which began in 1996. The agreement covers UniCredit’s footprint in Italy, Germany,...
Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz
Jan 18 2022 // A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three perils to the top of the list of global business risks in this...
Insurers Sanlam and Allianz Explore Options for Their African Businesses
Dec 22 2021 // JOHANNESBURG – African insurer Sanlam Ltd. said on Wednesday it was exploring “strategic alternatives” with Germany’s Allianz SE for their respective African businesses, excluding Sanlam’s home...
People Moves: Aon Recruits WTW’s James as Chief Broking Officer, Commercial Risk UK; Allianz’ Strong to WTW as Head of Environmental; AGCS Promotes Yee for TMT
Dec 17 2021 // This edition of International People Moves details appointments at Aon, Willis Towers Watson and Allianz Global Corporate & Specialty (AGCS). A summary of these new hires follows here. Aon Recruits James from WTW as...
Allianz to Raise Dividends by 5% Each Year From 2021
Dec 8 2021 // German financial services company Allianz said on Friday it would increase dividends by 5% each year from 2021 as it raised mid-term guidance, citing progress of its business simplification strategy. The company said it...
Finance System Is Getting More Dangerous, Not Safer: Allianz CEO
Nov 18 2021 // FRANKFURT – Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not safer, setting an ominous tone for investors. Baete, who oversees one of the...
Allianz Becomes First Wholly Foreign-Owned Life Insurer in China
Nov 17 2021 // Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the first wholly foreign-owned life insurer in China created from a joint venture. Many...
People Moves: Allianz Global Corporate & Specialty Appoints 5 to Leadership Team
Nov 15 2021 // Allianz Global Corporate & Specialty SE (AGCS) announced it is strengthening its leadership team, hiring internal and external talent for executive positions in its regional management, underwriting and risk consulting...
