Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Reaches Agreement with RAS, Employees for SE Plan
Sep 21 2006 // Germany’s Allianz announced that it has reached an agreement with employee representatives of its Italian subsidiary RAS Holding S.p.A on “the future structure for the operational and corporate codetermination...
Allianz Sells Four Season Healthcare for $2.67 Billion
Sep 1 2006 // Allianz Capital Partners GmbH (ACP), an investment unit of German insurer Allianz AG, has agreed to sell Four Seasons Healthcare, a leading U.K. provider of services for older people and specialized care services for...
HCC Insurance Holdings Acquires Minn. Allianz Life Insurance
Aug 4 2006 // Houston-based HCC Insurance Holdings, Inc. announced today that the Company had reached an agreement to acquire the assets of Allianz Life Insurance Company of North America’s Health Products Division for a cash...
Allianz Suisse Versicherungs-Gesellschaft and Allianz Suisse Lebenversicherungs-Gesellschaft Ratings’ Affirmed
Jul 20 2006 // A.M. Best Co. affirmed the financial strength rating of “A” (excellent) of Allianz Suisse Versicherungs-Gesellschaft (ASV) and Allianz Suisse Lebenversicherungs-Gesellschaft (ASL), both based in Switzerland....
Hirs to Head Allianz Risk Transfer
Jun 29 2006 // Germany’s Allianz announced that Chris Fischer Hirs will take over as President of Allianz Risk Transfer on July 1, 2006, “assuming the day-to-day operational management responsibility for the company.”...
Allianz Plans Restructuring; 7480 German Job Cuts
Jun 23 2006 // Germany’s Allianz AG confirmed growing speculation that it would launch substantial cost cutting measures with the announcement on Thursday, June 22, that it plans to reduce the number of workers at Allianz...
Euler Hermes “Studying” Acquisition of Allianz Ireland Credit Insurance
Jun 2 2006 // Global trade credit insurer Euler Hermes is studying the acquisition of Allianz Ireland’s credit insurance activities, which have an annual turnover of around €10 million ($12.2815 million) with a 45 percent share...
Allianz Australia Joining Global Transport to Increase Sector Growth
May 31 2006 // Allianz Australia Insurance Group has taken an equity position in Global Transport & Automotive Insurance Solutions (GT), formerly Global Motor Underwriting, to “provide a market leading facility to service...
S&P Raises Ratings on Allianz Australia to ‘A+’
May 19 2006 // Standard & Poor’s Ratings Services announced that it has raised its insurer financial strength and counterparty credit ratings on Allianz Australia Insurance Ltd. to “A+” from “A” and it...
Allianz Posts $2.28 Billion Q1 Net Income; All Sectors Show Gains
May 15 2006 // Germany’s Allianz Group added its numbers to the growing list of companies recording strong first quarter results. The German giant posted €1.779 billion ($2.28 billion) net income for the period, a 34 percent...
Allianz Provisional Q1 Figures Show 4.9% Gross Revenue Increase
May 3 2006 // Germany’s Allianz Group has released some preliminary indications of its first quarter 2006 results, which indicate that overall revenues will grow by 4.9 percent to around €30 billion ($38 billion). Allianz will...
ING Merges Canadian Subsidiaries
Apr 7 2006 // Allianz Insurance Company of Canada and The Nordic Insurance Company of Canada, both insurance subsidiaries of ING Canada Inc., have announced the completion of their amalgamation under the name of The Nordic Insurance...
Willis Group Holdings Names Eric Joost to Lead Middle Markets in Chicago
Mar 28 2006 // Willis Group Holdings, the global insurance broker, has named Eric Joost as Middle Market segment leader. Joost will lead efforts to develop proprietary and unique skills that will benefit Willis clients in this key...
Allianz German Group Total Earnings up 30% to $2.14 Billion
Mar 22 2006 // Allianz Sachgruppe Deutschland, which incorporates all of the global insurer’s German P/C business, announced that total earnings after tax for 2005 were €1.79 billion ($2.14 billion), compared to the €1.25...
Allianz Nearly Triples 4Q Profit
Mar 17 2006 // Insurer Allianz Group said Thursday its fourth-quarter profit nearly tripled as earnings in its banking and asset-management units and improved investment income protected it from losses related to last year’s...
Allianz Opens New Office in Shenzhen
Mar 2 2006 // Germany’s Allianz announced on its Web site (www.allianz.com) that it has launched its first joint life and non-life insurance Sales Center in Shenzhen, China. “The Center maximizes the synergies between...
Fireman’s Fund Chooses Bussman as Chief Information Officer
Feb 28 2006 // Fireman’s Fund Insurance Company has named Oliver Bussman as its chief information officer, according to Charles (Chuck) Kavitsky, chief executive officer. Bussman has many years of IT leadership experience in the...
ING to Combine Canadian Subs
Feb 21 2006 // Allianz Insurance Company of Canada and The Nordic Insurance Company of Canada, both insurance subsidiaries of ING Canada Inc., announced their intention to amalgamate under the name of The Nordic Insurance Company of...
Allianz, Goldman, Amex to Acquire 10% Stake in China’s ICBC Bank
Jan 27 2006 // Germany’s Allianz Group, investment bank Goldman Sachs and American Express Company, have agreed to jointly acquire a 10 percent stake in China’s largest bank, Industrial and Commercial Bank of China Limited...
Allianz’ “eZine” Electronic Magazine a Success with Irish Brokers
Jan 13 2006 // Allianz Ireland’s “Allianz Broker eZine,” a monthly electronic magazine, has found success with Irish brokers. The subsidiary of Germany’s Allianz launched the site to “streamline its...
