Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. announced the formation of Pando Re Ltd., a Bermuda-domiciled collateralized re/insurer focused on casualty business. Under a long-term agreement, Aspen will be the sole cedent to Pando Re and PIMCO will …
Pacific Investment Management Co. now has both men and women suing over a “fraternity” culture that allegedly favors White males. Two men, a Black ex-employee and a former contractor who is Asian, claim minority professionals at the money manager are …
Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies, adding to his existing roles with the United Nations and a Canadian asset manager. Carney will work alongside …
PIMCO, the Newport Beach, Calif.-based fixed income investment manager, has hired Rick Pagnani from Mt. Logan Re as executive vice president, to lead the launch of the firm’s property and casualty insurance linked securities (ILS) business. The ILS market, which …
Allianz SE said strong growth across its businesses lifted second-quarter profit as Europe’s largest insurer keeps the market waiting on any acquisitions it will undertake. The gains help keep Allianz on track to meet its full-year earnings targets, Europe’s biggest …
Recent volatility in financial markets will curb inflows this year into Allianz’ asset management business, which includes U.S. bond giant PIMCO, a board member told Reuters. In 2017, Allianz reeled in 150 billion euros ($175.25 billion) in net inflows, a …
A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend. Europe’s biggest insurer will increase the dividend for 2017 by 5.3 percent to 8 euros …
Allianz SE three years ago bet the future of its then $2 trillion bond firm on Dan Ivascyn, a little-known money manager at the time who had been picked to succeed Pacific Investment Management Co. founder Bill Gross. It was …
As Allianz SE Chief Executive Officer Oliver Baete slims down the insurer to cut costs, rising second-quarter profit helped by lower natural disaster claims rewarded his strategy. Operating profit jumped 23 percent to 2.9 billion euros ($3.4 billion), Europe’s largest …
Allianz SE, the German insurer that stemmed outflows at U.S. asset manager PIMCO, is now trying to bulk up on the other side of the world. “Asia is still a relatively small part of the overall global portfolio but it …
