Allianz News

Allianz Central and Eastern Europe Operations 1st Half Results

Allianz said its Central and Eastern Europe (CEE) operations “produced solid underlying results for the first six months of 2012 in challenging economic circumstances.” The regional companies reported total revenues of for the first six months amounted of €2.053 billion …

Allianz Adds London, Nice Stadiums to Its ‘Family’

Germany’s Allianz announced that it has added two new stadiums to the Allianz Family of Stadiums. Allianz France signed a long-term naming rights contract for the new “Allianz Riviera” in Nice, and Allianz in the UK signed a partnership agreement …

Growing Amount of Space Debris Threatens Satellites: Allianz Report

A study from Allianz Global Corporate & Specialty (AGCS) warns that “man-made space junk poses a serious threat to all space vehicles including those with humans on board.” The report goes on to explore possible ways to clean up space. …

Chinese Drivers Pose Fresh Risks for Foreign Insurers

“People like us who buy Ferraris don’t care too much about insurance because we buy cars for speeding,” said Li, in his twenties and the son of a Pearl River Delta factory owner, as he took delivery of a new …

Allianz Confirms $1.78 Billion Q1 2012 Net Profit

As previously announced, Germany’s Allianz SE has had a successful start in 2012 with increases in overall revenues, operating profit and net income for the first quarter well above first-quarter 2011 levels. Allianz Group also further improved its already strong …

Allianz Preliminary Q1 2012 Figures Forecast $1.8 Billion Profit

German insurance giant Allianz SE has released preliminary figures for the first quarter of 2012, which indicate that total revenues will be over €30 billion [$38.80 billion] slightly above the €29.9 billion [$38.45 billion] for Q1 2011. Allianz said it …

Swiss Re Structures $240 million Insurance-linked Securities for Allianz

Swiss Re Capital Markets announced that it has “structured and successfully placed $240 million of insurance-linked securities [cat bonds] issued by Blue Danube Ltd., on behalf of a subsidiary of Allianz SE. The securities cover North Atlantic hurricane, including Mexico …

Allianz Seeking ‘Takeover Gems’ in Post-crisis Financial Wreckage

Allianz SE, Europe’s biggest insurer, will proceed with caution as it searches for takeover gems among the jetsam washed up by the financial market storm. The German group has said it is ready to come out of its shell to …

Best Affirms AGA International (Ex-Mondial Assistance) Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of France’s AGA International SA (AGAI SA) – formerly Mondial Assistance International SA -and its U.S. subsidiary, the …

Allianz Analyzes Marine Risks – 100 Years after Titanic Disaster

Specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has taken an in depth look at the current state of marine insurance 100 years after the sinking of the Titanic. That legendary disaster led to improved safety requirements for ocean …