Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Moves Ahead with RAS Merger
Dec 30 2005 // German’s Allianz AG has released a series of documents in furtherance of its plans to merge its German and Italian operations into one European Group. As announced last September (See IJ Website Sept. 13) Allianz...
Best Assigns ‘A-‘ Rating to Allianz Marine & Aviation
Dec 23 2005 // A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Germany’s Allianz Marine & Aviation...
Best Downgrades Ratings on Allianz Marine & Fire (France)
Nov 30 2005 // A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A+” (Superior) of Allianz Marine & Aviation (France) (AMAF) and has removed the rating...
S&P Puts Allianz Subs on CreditWatch/Positive Following Consolidation Plan
Nov 23 2005 // Standard & Poor’s Ratings Services announced that it has “placed its ‘A-‘ counterparty credit and insurer financial strength ratings on Germany-based property/casualty insurer Allianz Marine...
Allianz Posts $934 Million Q3 Profit Despite Hurricane, Flood Losses
Nov 14 2005 // Germany’s Allianz had a very successful third quarter with net income up 70 percent to €794 million ($934 million) and €1.7 billion (2 billion) operating profit,” despite,” said the company’s...
Italian Regulator Approves Allianz’ RAS Share Purchase
Oct 19 2005 // Germany’s Allianz announced that on October 13 Consob, the Italian financial markets authority, approved Allianz’s tender offer document relating to the offer to purchase all ordinary and savings shares, it...
News Briefs
Oct 3 2005 // Roundup of Katrina Loss Estimates: As the scope of the devastation wrought by Hurricane Katrina became increasingly evident, European and Bermuda-based insurers and reinsurers continued to calculate their potential...
Best Sees No Effect on Ratings from Allianz’s Proposed Restructuring
Sep 26 2005 // A.M. Best Co. has issued a comment, indicating that the proposed restructuring within Germany’s Allianz AG Group, including the proposed buyout of the minority shareholders of Italian insurer Riunione Adriatica di...
Allianz Offers $7 Billion for Remaining RAS Shares; Plans Restructuring
Sep 13 2005 // Germany’s Allianz AG announced an offer to shareholders of Riunione Adriatica di Sicurtà (RAS) S.p.A for the approximately 45 percent of the shares it doesn’t already own. At 19 euros ($23.35) per share that...
Best Affirms Allianz Suisse Rating
Aug 29 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Allianz Suisse Versicherungs-Gesellschaft and Allianz Suisse Lebensversicherungs-Gesellschaft (collectively...
Liberty Mutual Affirmed
Aug 22 2005 // Fitch Ratings affirmed the “A-” insurer financial strength ratings on the members of the Liberty Mutual inter-company pool and revised the rating outlook on pool members to stable from negative. Additionally,...
S&P Affirms Allianz (Australia/NZ) Ratings; Revises Outlook to Positive
Aug 12 2005 // Standard & Poor’s Ratings Services announced that it has affirmed the long-term “A” insurer financial strength and counterparty credit ratings on Allianz Australia and its affiliate Allianz New...
Allianz Announces Q2 Results; Net Income Rises 65% to $1.72 Billion
Aug 10 2005 // Germany’s Allianz announced impressive results for the second quarter of 2005 with gross revenues up 6.6 percent from 22.2 billion euros ($27.4 billion) to 23.7 billion euros ($29.3 billion). Operating profits...
Allianz Cornhill CEO Warns Industry ‘Cannot Afford to Ignore Climate Change’
Aug 9 2005 // Andrew Torrance, CEO of Allianz Cornhill in the U.K., has explained why companies cannot afford to ignore the effects of climate change. As reported on the Allianz Group Website – www.allianz.com – Torrance...
Insurance Community Concerns Mount Over Climate Change Debate
Jul 18 2005 // To paraphrase an old adage: “Nothing concentrates the overall mind of the property/casualty insurance community as much as the approaching certainty of large loss events.” So, it’s no wonder that many...
Allianz Sees Impact of Climate Change on Nat Cats
Jun 29 2005 // Joachim Faber, a member of the Board of Management for Germany’s Allianz Group and CEO of its asset management arm, told interviewers on the company’s Website: “We expect climate change to influence the...
Best Affirms ING Canada Ratings, Including Acquired Allianz Operations
Jun 22 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) and has assigned issuer credit ratings (ICR) of “aa-” to the ING Canada Group. Best also said it had...
S&P Raises Euler Hermes Ratings to ‘AA-‘ w/ Negative Outlook
May 27 2005 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on the Core operating subsidiaries of the French credit insurance group...
Allianz Q1 Results Show Continued Growth
May 9 2005 // Germany’s Allianz announced that the “positive earnings trend” it experienced in 2004 has continued into the first quarter of 2005. According to preliminary figures net income for the period exceeded 1.1...
Allianz Global Risks to ‘Raise Profile’ on Liability Coverage
Apr 26 2005 // Allianz Global Risks, the industrial business unit of Germany’s Allianz, announced its intention to raise the division’s “activity and profile in Liability insurance.” In an on-line interview on the...
