Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Oktoberfest Insurance App Highlights German Digital Trend
Sep 29 2014 // For some, being prepared for Oktoberfest means downloading an app that points you to the nearest restroom or helps you decipher Bavarian dialect. A novelty at this year’s event is an online casualty insurance with...
Allianz CEO’s Contract Likely to Be Extended
Sep 29 2014 // Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to soothe the turmoil over leadership change at its Pimco subsidiary, a German newspaper...
Allianz: No Plans to Hike Pimco Oversight
Sep 29 2014 // German insurer Allianz says it has no plans to increase oversight of its California-based investment unit Pimco after the shock departure of co-founder Bill Gross sent shares in the Munich-based parent tumbling at the end...
Allianz to Assume Fireman’s Fund Commercial Lines; Future of Personal Lines Uncertain
Sep 17 2014 // German insurance giant Allianz said it will absorb the commercial lines business of its U.S. subsidiary Fireman’s Fund Insurance Co. into one of its own global divisions. Meanwhile, after days of declining to...
Allianz Launches Cyber Crime Coverage for Canadian Companies
Aug 19 2014 // Industrial insurance specialist Allianz Global Corporate & Specialty (AGCS) has launched Allianz Cyber Protect in Canada, a suite of coverages with capacity to protect a company in the event of a data loss or a...
Allianz Profit Beats Estimates on Lower Claims, Life Unit
Aug 8 2014 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims. Net income increased to €1.76...
Allianz Specialty Reports on ‘Billion Dollar Challenge’ from Panama Canal Expansion
Aug 6 2014 // The Panama Canal is preparing to celebrate its 100th anniversary, accompanied by warnings from insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships...
Allianz Poised to Reappoint Diekmann as CEO, but Considering Successors
Aug 1 2014 // Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash...
Best Affirms Allianz Global Risks US Insurance Co. & Subs Ratings
Jul 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Allianz Global Risk US Insurance Company, Allianz Underwriters Insurance Company and...
Allianz Backs ‘Legend’ Gross as Pimco Total Return Fund Lags Behind
Jul 21 2014 // Allianz SE, Europe’s biggest insurer and owner of Pacific Investment Management Co., is standing by Chief Investment Officer Bill Gross as his main fund trails peers and struggles with a record streak of investor...
Allianz Is Lead Reinsurer of $97.3 Million in Ukraine Plane Crash
Jul 18 2014 // Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over eastern Ukraine. The aircraft’s value is about $97.3 million, London-based insurance broker Aon Plc,...
Allianz Deutschland CEO Riess Sees No Need for Fresh German Cost-Cutting Plan
Jul 16 2014 // The German unit of Allianz SE, Europe’s biggest insurer, sees no need to follow up on a cost-cutting program in its non-life business that has dragged on three years. “We have achieved a lot; now it’s...
Allianz Says Investments in Roads, Grids Lack Political Support
Jul 10 2014 // Allianz SE said a lack of political support prevents investors from contributing more money to infrastructure projects such as roads or power and gas grids. “Politicians are still convinced infrastructure has to be...
Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki
Jun 18 2014 // Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar...
Allianz Pressures Pimco to Reverse Withdrawals
May 15 2014 // German insurer Allianz has called on its California-based asset manager, Pimco, to prove itself after investors withdrew a further 22 billion euros ($30 billion) in the first quarter, denting group earnings. Performance at...
Allianz Q1 2014 Profit Falls 2.9%, but Beats Estimates
May 8 2014 // Allianz SE, Europe’s biggest insurer, reported first-quarter operating profit that fell 2.9 percent, less than analysts estimated, and said it was maintaining its earnings target for the year. Operating profit was...
Insurer Allianz Faces Shareholder Grilling over Pimco
May 7 2014 // Top Allianz executives face a grilling on Wednesday from shareholders worried about a wobbly performance at its U.S-based Pimco fund management business. Europe’s biggest insurer has made a strong comeback from the...
Allianz Expands in Canada to Energy, Mining Markets
Apr 4 2014 // Allianz SE, Europe’s biggest insurer, is expanding in Canada, targeting protection for the energy and mining industries. The insurer, which offers corporate property and casualty coverage in Canada through brokers,...
Allianz to Acquire P&C Business, Distribution Capacity from Italy’s UnipolSai
Mar 18 2014 // Allianz announced that it has agreed to acquire a part of the Property and Casualty insurance business of the Italian insurer UnipolSai with premiums of €1.1 billion [$1.53 billion] (2013). “The business includes...
Allianz Q4 Profit Misses Estimates; Shares Drop
Feb 27 2014 // Allianz SE, Europe’s biggest insurer, posted fourth-quarter earnings that missed analysts’ estimates and said operating profit may decline this year amid low interest rates. The shares fell. Net income grew to...
