Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
CII, Allianz Cornhill Program Improves Underwriters Technical Skills
Apr 22 2005 // The U.K.’s Chartered Insurance Institute (CII) and Allianz Cornhill, the U.K. subsidiary of Germany’s Allianz, announced the success of a program they’ve been sponsoring to reverse the perceived decline...
Greco Steps Down as RAS Chairman
Apr 6 2005 // Mario Greco announced his resignation as Chairman of the Board of Management of Italian insurer Riunione Adriatica di Sicurtà S.p.A. (RAS). The company’s majority shareholder is Germany’s Allianz AG, which...
S&P, Best Comment on Allianz 2004 Earnings
Mar 18 2005 // Standard & Poor’s Ratings Services noted that “the improved 2004 results published by Allianz AG (See previous article),” (rated “AA-” Negative outlook – “/A-1+) were in line...
Allianz 2004 Profits up 16.4% to $2.93 Billion
Mar 18 2005 // Germany’s Allianz reported net 2004 profits of 2.2 billion euros ($2.93 billion), despite last year’s spate of natural catastrophes and continued problems at its Dresdner Bank subsidiary. The group’s net...
Allianz Investigates Consequences of Climate Change
Mar 14 2005 // The Web site of Germany’s Allianz (http://www.allianz.com/) features an interview with two of the company’s climate experts, Matthias Klawa of Allianz Reinsurance and Olav Bogenrieder of Allianz Versicherung,...
Best Affirms Allianz (Switzerland) ‘A’ Ratings
Feb 14 2005 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A” (Excellent) of the Swiss affiliates of Germany’s Allianz – Allianz Suisse Versicherungs (ASV) and Allianz Suisse...
Allianz to Raise $5.24 Billion with New Debt Offerings; Best Rates Issues ‘aa-‘
Jan 27 2005 // Allianz AG said it was taking “advantage of attractive capital market conditions to launch an innovative financing transaction. The German giant plans an “All-in-one” package, with the launch of three...
Allianz Global Canada Receives Provincial Approvals
Jan 7 2005 // Allianz Global Risks Canada, formerly a division of Allianz Insurance Company of Canada, announced that it has received provincial regulatory approvals to operate as a licensed branch of Allianz Global Risks US Insurance...
Allianz Providing ‘On the Ground’ Help for Tsunami Victims in Phuket
Jan 6 2005 // Germany’s Allianz announced that it has been providing “on the ground” support to customers in Phuket, Thailand, the popular tourist island which was hit by the tsunamis that devastated Southeast...
Allianz Cornhill Sells Life Unit to Britannic
Dec 16 2004 // Allianz Cornhill, the U.K. operating division of Germany’s Allianz, has sold its U.K. direct life operations to the Britannic Group for £110 million ($212 million). The sale of the unit, which is closed to new...
Bremkamp to Retire, Greco to Join Allianz Board
Dec 16 2004 // At a recent meeting the supervisory board of Allianz AG announced that it has accepted the decision of Detlev Bremkamp (60) to retire by the end of 2005. It also announced the appointment of Mario Greco (45) to the Allianz...
ING Canada Closes Allianz P/C Acquisition
Dec 10 2004 // ING Canada and Allianz Group have closed their previously announced definitive share purchase agreement for the acquisition by ING Canada of Allianz’ Canadian P/C operations. “Under the terms of the agreement,...
Allianz Marine & Aviation Confirms Plans to Continue “Specialist Strategy”
Dec 9 2004 // Allianz Marine & Aviation, the Allianz Group brand for specialist transportation, shipping and aviation insurance, has confirmed its strategy of focused specialization within selected markets based on strong technical...
Chrysler Sues Allianz for Blackout That Shut Down 14 of 31 Plants
Dec 6 2004 // DaimlerChrysler AG’s Chrysler Group has sued insurers for refusing to cover losses the company sustained during the 2003 blackout. The outage–the worst in U.S. history–left millions of Michigan residents...
Chrysler Sues Allianz for Blackout Losses
Nov 24 2004 // DaimlerChrysler AG’s Chrysler Group has sued insurers for refusing to cover losses the company sustained during the 2003 blackout. The outage—the worst in U.S. history—left millions of Michigan residents without...
Fadden Joins Allianz Marine & Aviation
Nov 17 2004 // Allianz Marine & Aviation, the specialist insurer for transportation, shipping and aviation risks of the Allianz Group, announced that Tom Fadden has joined the group as airlines underwriter. Fadden, who has over 15...
S&P Affirms Allianz ‘AA-‘ IFS Ratings; ‘A-1+’ Debt
Oct 18 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA-‘ long-term insurer financial strength and counterparty credit ratings on Germany’s Allianz AG (AZAG) and various core...
S&P Lowers FSR for Fireman’s Fund, Some Subs
Oct 15 2004 // Standard & Poor’s Ratings Services has lowered its counterparty and financial strength ratings on Fireman’s Fund Insurance Co. (FFIC) and some of its rated subsidiaries and its financial strength ratings...
Best Moves Ratings for Allianz Canada Subsidiaries Under Review
Oct 13 2004 // A.M. Best Co. has placed the financial strength ratings of A- (Excellent) of Allianz Insurance Company of Canada and B+ (Very Good) of its affiliate company, Trafalgar Insurance Company of Canada (both of Toronto), under...
ING to Acquire Most of Allianz Canada, S&P Puts Insurer on CreditWatch
Oct 10 2004 // The Netherlands’ ING Group and Germany’s Allianz announced that they have concluded a definitive share purchase agreement for the acquisition of Allianz’ property and casualty (P&C) insurance...
