Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Posts $3.73 Bn Net Income; Hit by Cat Claims, Sovereign Debt, Banks
Feb 24 2012 // Catastrophe claims and write downs on investments in sovereign bonds and banks were behind the profit fall revealed by Allianz, Europe’s biggest insurance group. On Thursday it reported net income of €2.804 billion...
U.S. Justice Dept. Closes Allianz Indonesia Bribery Probe w/o Charges
Feb 21 2012 // The U.S. Justice Department has closed its investigation into whether Allianz SE violated a foreign bribery law through its insurance business in Indonesia and does not plan to bring charges, according to a letter reviewed...
UK’s Evolution Secures Allianz Capacity for Additional 5 Years
Feb 1 2012 // Commercial underwriting specialist Evolution Underwriting has announced the extension of its capacity arrangements with Allianz for a further five years. “The deal covers property, casualty, excess of loss and motor...
S&P Follows up on Euro Zone Rating Actions
Jan 18 2012 // Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers. S&P has lowered its ratings on the following insurers...
Allianz Ready to Convert Commerzbank Non-voting Stake Say Sources
Jan 11 2012 // German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German lender strengthen its balance sheet, two sources familiar with the talks between the...
Ratings Roundup: Heritage, Euler Hermes (US)
Dec 22 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Calif.-based Heritage Indemnity Company, both with stable outlooks. The ratings of...
Best Comments on Allianz U.S. Operations Rating Actions
Dec 20 2011 // A.M. Best has taken the somewhat unusual step of issuing a comment on its downgrading of the issuer credit ratings (ICR) to “aa-” from “aa” and the affirmation of the financial strength rating (FSR)...
Best Affirms FSR’s; Downgrades ICR’s of Allianz U.S. Units; Ratings on Review/Negative
Dec 20 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of Allianz Global Corporate & Specialty...
Best Puts Fireman’s Fund Companies on Review/Negative; Affirms Ratings
Dec 20 2011 // A.M. Best Co. has placed under review with negative implications and has also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of...
Best Downgrades Allianz and Subs Issuer Credit Ratings; Affirms FSR
Dec 15 2011 // A.M. Best Europe – Rating Services Limited has reacted to the ongoing sovereign debt crisis in the euro zone, which it describes as “continued negative developments” with a number of rating actions, starting...
S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative
Dec 12 2011 // Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative...
Stormy Sun Could Knock Out Power Grids: Allianz
Dec 2 2011 // An upcoming cycle of stormy solar activity risks causing damage to electrical transformers and threatening vulnerable energy infrastructure around the globe, a report by an insurance group says. The sun follows a...
Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade
Nov 18 2011 // Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz...
Allianz Q3 Net Profit Hit by ‘Market Turmoil; Figures Show Decreases
Nov 14 2011 // Allianz reported Net income of €258 million [$353.46 million] for the third quarter of 2011, compared to €1.268 billion [$1.737 billion] in Q3 2010, a 79.7 percent drop. For the first nine months of the year...
Flood Damage Underestimated: Allianz
Nov 7 2011 // Floods are the most commonly occurring natural catastrophes in the world and insurance companies are using science to better predict risks, yet most people underestimate flooding’s destructive power, German insurer...
Flood Damage Underestimated; Better Risk Prevention Needed: Allianz
Oct 19 2011 // Floods are the most commonly occurring natural catastrophes in the world and insurance companies are using science to better predict risks, yet most people underestimate flooding’s destructive power, German insurer...
U.S. SEC to Limit Charges Against Allianz
Oct 17 2011 // The U.S. Securities and Exchange Commission does not plan to charge Allianz SE for illegal activity at its private equity investments, according to two people familiar with the matter, in a case that could have tested the...
Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale
Sep 29 2011 // 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...
Walker Named CFO of Fireman’s Fund
Sep 14 2011 // Kevin Walker will be the new chief financial officer and a member of the board of directors of Fireman’s Fund Insurance Co. He assumes the post on Monday. Walker, who will oversee financial functions at...
Best Affirms Allianz SE, Most Subs ‘A+ Ratings; Outlook Stable
Sep 8 2011 // A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of Germany’s Allianz Societas Europaea...
