Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Is Lead Underwriter for Crashed Germanwings Airbus A320
Mar 25 2015 // German insurer Allianz confirmed it was the lead insurance underwriter for the Airbus A320 plane which crashed in the French Alps on Tuesday. All 150 people on board the plane, operated by Lufthansa’s Germanwings...
Allianz Profit Drops as Gross’ Exit Spurs PIMCO Asset Outflows
Feb 26 2015 // Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net...
Allianz’s El-Erian Cites ‘Illusion of Liquidity’ as Biggest Market Risk – CNBC
Feb 18 2015 // Mohamed El-Erian, chief economic adviser at Allianz SE, said Tuesday that Ukraine and Greece are major market risks, but that the biggest risk is the “illusion of liquidity.” “The biggest risk is this...
Allianz Re CEO Ahmed Says Rate Reductions May Abate in 2015
Jan 21 2015 // Rates charged by reinsurers, which have been falling for most of the past decade, may decline more slowly this year, the head of Allianz SE’s reinsurance division said. “Our assessments show that rates in some...
Allianz Survey: Businesses Face New Challenges in Interconnected World
Jan 15 2015 // Business interruption (BI) and supply chain, natural catastrophes and fire/explosion are the major risks that occupy the attention of companies at the start of 2015, according to the fourth annual “Allianz Risk...
Allianz Hires Zurich’s Schiavone to Build U.S. Financial Lines
Jan 13 2015 // Allianz SE hired Zurich Insurance Group AG’s Paul Schiavone to oversee financial products in the U.S. and Canada as Europe’s largest insurer builds its commercial business in North America. Schiavone, 46, was...
People – East
Jan 12 2015 // Maryland’s Republican Gov.-elect Larry Hogan has named Al Redmer, Jr. to be the state’s insurance commissioner. Maryland’s current insurance commissioner, Therese M. Goldsmith, previously announced that...
People – Southeast
Jan 12 2015 // Raymond Farmer is staying on to lead South Carolina’s Department of Insurance. Farmer said he was asked by Gov. Nikki Haley to stay on in the position he’s held since 2012. Farmer took over nearly a year after...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Jan 12 2015 // On Dec. 18, Allianz Group announced that it would sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines...
Allianz Lead Reinsurer for Missing AirAsia Plane; JLT Broker
Dec 29 2014 // German insurer Allianz said on Monday it was the lead re-insurer to the AirAsia jet missing off the Indonesian coast with 162 people on board, making it the third major airline accident it has been involved in this...
ACE to Keep Most Fireman’s Fund Personal Lines Staff: Andrade
Dec 23 2014 // ACE Group said it will keep most of the employees with Fireman’s Fund’s personal lines business once its $365 million acquisition of the division from Allianz goes through. “We value Fireman’s Fund...
Fireman’s Fund Timeline: Through Earthquake, Amex and More
Dec 19 2014 // The sale of a Fireman’s Fund unit from Allianz SE to Ace Ltd. stands to further diminish an iconic U.S. insurance brand that dates to the 1800s. The buyer said Thursday that it will integrate the operation, which...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Dec 18 2014 // Allianz Group has agreed to sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines business with ACE and the...
Allianz Announces New Leadership Team for Combined Fireman’s Fund, AGCS NA
Dec 12 2014 // German insurance giant Allianz announced a new team that will lead the combined Fireman’s Fund and Allianz Global Corporate & Specialty North American business beginning in 2015. Andrew Torrance, current...
Allianz Business Services Limited Joins Willis Commercial Network
Dec 10 2014 // Willis Group Holdings announced that the Allianz-owned company, Allianz Business Services Limited (ABSL), trading as Premierline, has joined the Willis Commercial Network (WCN). Lancaster-based ABSL joins WCN as part of a...
Cyber Attacks, Drones Pose Threat to Plane Safety: Allianz
Dec 9 2014 // Cyber attacks and commercial drones pose a growing risk of commercial airplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums. Technical advances in aircraft...
Allianz Reports 11.2% Hike in Net Income During Third Quarter
Nov 7 2014 // During the third quarter of 2014, Allianz Group reported total quarterly revenues increased 14.5 percent to 28.78 billion euros*, compared to 25.14 billion euros in the third quarter of 2013. Operating profit stood at 2.65...
Allianz Realigns Industrial Management, Launches Mid-Corporate Line
Oct 24 2014 // Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of...
Allianz Names Baete CEO to Succeed Diekmann amid Upheaval at Pimco
Oct 2 2014 // Allianz SE named board member Oliver Baete to succeed Michael Diekmann as chief executive officer as Europe’s biggest insurer grapples with upheaval at Pacific Investment Management Co. (Pimco) Diekmann, 59, will...
Departure of Bill Gross From Pimco Stuns Allianz
Sep 30 2014 // It was 2:28 p.m. in Munich on Sept. 26, and Bill Gross, in charge of $2 trillion as chief investment officer at Pacific Investment Management Co., had just announced that he was joining Janus Capital Group Inc., a...
