Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
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...
Best Upgrades Allianz (US) Ratings to ‘A+’; Affirms Fireman’s Fund
Dec 19 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Allianz Global...
S&P Affirms Allianz Mexico Ratings; Outlook Stable
Dec 8 2008 // Standard & Poor’s Ratings Services affirmed its ‘A-‘ global financial strength rating and its ‘mxAAA’ national scale rating on Mexico-based Allianz Mexico Compañía de Seguros S.A....
S&P Affirms Allianz ‘AA’ Ratings, Stable Outlook Despite Investment Losses
Nov 11 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA’ long-term counterparty credit and insurer financial strength ratings on Germany’s Allianz SE (AZSE) and various core operating...
Dresdner Q3 Loss Hits Allianz Again
Nov 10 2008 // Allianz’s Dresdner Bank unit posted its biggest quarterly loss since the start of the financial crisis, the insurer said on Monday, pushing the group to a €2 billion ($2.58 billion) net loss. Allianz is selling...
Business Moves
Nov 2 2008 // The Hartford, Allianz SE The Hartford Financial Services Group Inc. finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz purchased, at $31 per share, $750 million of preferred shares...
The Hartford Closes on $2.5 Billion Investment from Allianz SE
Oct 20 2008 // The Hartford Financial Services Group, Inc. has finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz has purchased, at $31 per share, $750 million of preferred shares convertible to...
Allianz Agrees to $2.5 Billion Investment in The Hartford
Oct 6 2008 // The Hartford Financial Services Group, Inc. announced that it will receive a $2.5 billion capital investment from Allianz SE. The agreement came after a tough week on Wall Street for The Hartford. It lost nearly $9 billion...
S&P, A.M. Best Watching The Hartford’s Ratings
Oct 6 2008 // Rating analysts are taking a second look at The Hartford Financial Services Group in light of its recent hit on Wall Street, third quarter investment losses and infusion of outside capital. Analysts at A.M. Best Co. have...
Ratings Recap: Flagstone Re, Lehman Re, Lonpac, Allianz Suisse, Sunderland Marine, Ansvar
Oct 3 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Flagstone Reassurance Suisse SA, as well as the ICR of “bbb-”...
