European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc’s sale of its general insurance business, which could fetch more than $1 billion, sources familiar with the matter told Reuters. HSBC , Europe’s biggest bank, …
German insurer Allianz , owner of the world’s largest bond investor Pimco, favors private investors writing off 25-30 percent of Greece’s debt, company managers were on Monday quoted as saying. Three weeks of talks between European officials and the private …
Allianz Global Corporate & Specialty (AGCS) has confirmed new CEOs from within its existing management team for two of its most important regions. As of October first, Carsten Scheffel, currently CEO of AGCS for the Americas region, will move to …
Privately held Nippon Life Insurance Co. said on Tuesday it will invest 500 million euros ($709 million) in Germany’s Allianz Se , amid an overseas push by Japanese insurers as their traditional life insurance market shrinks. A declining population has …
Spain’s MAPFRE has published its 7th annual survey of Europe’s non-life insurers, ranking them by gross premiums written. The survey found that “all the companies achieved an increase in premium revenues as well as excellent results, especially driven by their …
Germany’s Allianz has issued a bulletin outlining the Group’s fiexpected financial results for the first quarter of 2011. It will release the full details for the period on May 12. Allianz said that based on its preliminary figures, the Group …
Germany’s Allianz has reconfirmed its commitment to catastrophe bonds, as a useful and generally accepted method of transferring a certain amount of risk to the capital markets. It underlined that commitment with the announcement of the closure of a new …
Experts on natural catastrophe risk at Allianz have highlighted the growing trend in insured losses arising from natural catastrophes worldwide in a risk briefing – the “Allianz Risk Pulse: Focus Natural Catastrophes.” Allianz points out that the “average annual cost …
Euler Hermes, the trade credit insurer of the Allianz Group, and China Pacific Insurance (Group) Co., Ltd. (CPIC Group), one of China’s largest insurers, announced that they “have combined their expertise to help Chinese companies to better manage trade credit …
Yesterday Standard & Poor’s Ratings Services announced that it had lowered its sovereign rating on Japan to ‘AA-‘ from ‘AA’. The rating agency followed up that action by announcing that it has also lowered its financial strength ratings and long-term …
