Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
S&P Affirms Allianz Russia Ratings; Revises Outlook to Negative
Sep 8 2009 // Standard & Poor’s Ratings Services has revised its outlook on Allianz Insurance JSC (Allianz Russia) to negative from stable and affirmed its ‘BBB-‘ long-term counterparty credit and insurer...
Allianz P/C Profit Down, Combined Ratio Up for Q2
Aug 7 2009 // Allianz disappointed investors on Friday as its property/ casualty insurance business missed expectations even as improving financial markets helped group net profit rise by a fifth in the second quarter. Net profit at...
Ratings Roundup: Allianz (UK), Delvag, Glacier Re
Jul 22 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa” of the UK-based Allianz Insurance plc (AZI), both with stable outlooks....
Cat Bond Market Still Seeking Collateral Solution
Jun 29 2009 // Insurers are still seeking a universal solution to weaknesses in catastrophe bonds exposed by Lehman Brothers’ collapse, though structural improvements have helped push sales past $1 billion this year. This...
Allianz Report Urges ‘Coordinated Solution’ to Combat Piracy Threat
Jun 23 2009 // Allianz Global Corporate & Specialty (AGCS), a leading insurer of ships and cargo, has released a study suggesting its clients adapt their approach to marine insurance as the threat of piracy off the Horn of Africa...
Ratings: Allianz (Italy), Hatherley, Jamaica, China Ins. (Singapore), Arab Orient
Jun 2 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. The ratings reflect the...
Fireman’s Fund: Focusing on Agents
Jun 1 2009 // CEO LaRocco, Exec Barnard Outline Insurer’s Renewed Strategy to Re-Engage Agents and Deliver Greater Value Weathering today’s economic storm has not been easy for insurance companies. Consumers are more...
Ratings Recap: Allianz, Swiss Re (Notes), Everest Re (Ireland), Civic
May 18 2009 // Standard & Poor’s Ratings Services issued a statement that its ratings and outlook on Germany’s Allianz SE (AZSE), currently ‘AA’/Stable/’A-1+’, and various core operating entities...
Business Moves
May 18 2009 // Phenix Mutual, Motorists Mutual Concord, New Hampshire-based Phenix Mutual Fire Insurance Co. announced that it will become an affiliate of The Motorists Insurance Group, upon approval by regulators in New Hampshire and...
Business Moves
May 18 2009 // The Hartford Hartford Financial Services Group Inc. is reportedly trying to sell its property/casualty insurance business, as it reels from massive losses, according to Reuters. The Hartford has retained Goldman Sachs to...
Business Moves
May 18 2009 // Wells Fargo Insurance Services, North Coast Surety Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., acquired the assets of North Coast Surety Insurance Services and North Coast Surety Technologies....
Amex, Allianz Raise $1.9 Billion in ICBC Stake Sales
Apr 28 2009 // German insurer Allianz and U.S. credit card group American Express raised a combined $1.9 billion on Tuesday through the sale of shares in Chinese banking giant Industrial and Commercial Bank of China (ICBC). The move was...
The Hartford Reported Shopping Its P/C Insurance Business
Apr 23 2009 // Hartford Financial Services Group Inc. is trying to sell its property/ casualty insurance business, sources familiar with the matter said Thursday, as the U.S. insurer reels from massive losses. Hartford has retained...
Ratings Recap: Generali, XL, Blue Fin (Cat Bonds), Sun Hung Kai, B&B, Risk Re
Mar 27 2009 // Standard & Poor’s Ratings Services stated that its ratings on the core operating companies of Italy’s Generali Group (AA/Negative/–) are unaffected by the termination of the agreement relative to the...
Allianz Posts $3.21 Billion 2008 Loss
Mar 18 2009 // Germany’s Allianz SE has released its full year figures for 2008, which show a net income loss of €2.444 billion ($3.21 billion), compared to 2007’s record net income of €7.966 billion ($10.46...
Best Affirms Allianz SE and Subsidiaries ‘A+’ Ratings
Mar 12 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of Germany’s Allianz Societas Europaea (Allianz SE) and its main...
S&P Says Allianz Ratings, Outlook ‘Unaffected By 2008 Loss’
Mar 2 2009 // Standard & Poor’s Ratings Services has stated that its ratings and outlook on Germany’s Allianz SE (AZSE – rated AA/Stable/A-1+) and various core operating entities “are unaffected by the...
Ratings Recap: New Castle Re, Generali (Hungary), Allianz Risk Transfer
Feb 4 2009 // A.M. Best Co. has downgraded the financial strength rating to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb” from “a-” of Bermuda-based New...
Allianz of America’s Kavitsky to Retire
Jan 30 2009 // After 14 years of service with Allianz, Charles (Chuck) Kavitsky will retire, effective July 31, 2009. Until that time, he will continue in his current role as chairman, president and CEO of Allianz of America and chairman...
Allianz Launches Economic Research and Strategic Development Division
Dec 22 2008 // Allianz SE announced that it has launched a new division for Economic Research and Strategic Development. The new internal consulting division, which combines economic research and Allianz’ strategic corporate...
