Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz’ Spanish Sub Posts Premium Gains
Jan 30 2004 // Allianz Compania de Seguros y Reaseguros, the Barcelona-based Spanish subsidiary of Germany’s Allianz, announced that it has seen premium income grow by more than 13 percent in 2003 and nearly 60 percent over the...
Allianz Global Risks US Insurance Co. Unveils Power Generation Unit
Jan 26 2004 // Allianz Global Risks US Insurance Company has launched a new business unit to provide property insurance to the U.S. power generation industry, including utilities and wholesale suppliers. The company is targeting large,...
Allianz GR Lead Insurer for Orinoco Bridge
Jan 26 2004 // London-based Allianz Global Risks, a unit of Germany’s Allianz AG, announced that it will act as the lead insurer for the second Orinoco River Bridge Project. At 2,140 kilometers (1285 miles), the Orinoco is South...
S&P Lowers Allianz Canada Ratings to ‘BBB+’
Dec 10 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Allianz Insurance Co of Canada and Trafalgar Insurance Co. of Canada (collectively...
Allianz Sees Return to Profit after Asset Sale, Tax Changes
Oct 24 2003 // Germany’s Allianz said it expects to achieve “positive results” for its 2003 fiscal year, not only from improved profitability in its operations, but also following the sale of 40 percent of its stake in...
Allianz Poland Increases Sales by 53 Percent
Aug 27 2003 // Germany’s Allianz announced that its Polish subsidiary “is continuing to increase its sales, growing faster than the market.” First half-financial results show an overall 53 percent increase with both...
Allianz German P/C Operations Post Premium Gains
Aug 20 2003 // Allianz Property and Casualty Group Germany, which combines the property and casualty insurance business of the German Allianz companies, achieved a positive underwriting result in the first half-year of 2003 as gross...
Allianz Posts Strong 1st Half Results, $115 Million Profit
Aug 14 2003 // Germany’s Allianz confounded many analysts’ forecasts by reporting strong gains in most of its operations, posting a net profit of 102 million euros ($115.26 million) for the first half of 2003. The...
Deutsche Bank Sues Allianz, AXA on Sept. 11 Building Claim
Aug 12 2003 // Deutsche Bank (DB) has filed suit against Allianz and AXA over a claim for damages to its building at 130 Liberty Street in New York City caused by the collapse of the World Trade Center towers. The suit, filed in New York...
Allianz Flood Claims Top $900 Million; Will Reduce BMW Stake
Aug 11 2003 // Germany’s Allianz announced that it has now processed nearly all of the claims from last summer’s floods in Germany and Eastern Europe, and has paid more than 805 million euros ($909.65). It also revealed plans...
Allianz Shows Improvements, But Posts $593 Million Q1 Net Loss
May 16 2003 // Germany’s Allianz reported a first quarter net loss of 520 million euros ($593.06 million), mostly due to another series of writedowns in the value of its investments, but from an operating point of view...
Fireman’s Fund Affirmed
May 5 2003 // A.M. Best Co. affirmed “A” (Excellent) the financial strength ratings of the pool members of the Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review and the outlook...
Fireman’s Fund Affirmed
May 5 2003 // A.M. Best Co. affirmed “A” (Excellent) the financial strength ratings of the pool members of the Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review; the outlook...
A.M. Best Affirms Ratings of Fireman’s Fund
Apr 18 2003 // A.M. Best Co. has affirmed the financial strength ratings of A (Excellent) on the pool members of the Novato, Calif.-based Fireman’s Fund Insurance Companies (FFIC). The ratings are being removed from under review...
A.M. Best Downgrades Ratings of Allianz Insurance, Allianz Underwriters
Apr 17 2003 // A.M. Best Co. has downgraded the financial strength ratings to A (Excellent) from A+ (Superior) of Allianz Insurance Company (AIC) and its direct subsidiary, Allianz Underwriters Insurance Company, both of Burbank, Calif....
Despite Market Turmoil, Co’s Still Buying D&0 Says Allianz
Apr 11 2003 // Although capacity for directors and officers’ liability insurance has contracted significantly and prices have soared in the past two years, the vast majority of professional risk managers say they are obtaining...
Allianz Launches its first P/C Operation in China
Mar 26 2003 // Germany’s Allianz announced that it has received final approval from Chinese regulatory authorities to launch its first property and casualty insurance operation in China, to be called Allianz Insurance Company...
Allianz: No Plans to Cancel Airline Coverage, EU Prepares Back-up Help
Mar 26 2003 // Germany’s Allianz AG, one of the largest providers of coverage to the European Community’s air carriers, has issued a statement indicating that, while it has no plans to cancel coverage on flights headed for...
Best Lowers Allianz Ratings, Company Denies Report on Asset Sales
Mar 24 2003 // A.M. Best Co. announced that it has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Germany’s Allianz AG and its core subsidiaries. It also lowered the ratings on Allianz’s senior...
Allianz Posts $1.28 Billion 2002 Loss; Cites Write-downs, Dresdner, Flood Losses
Mar 20 2003 // Germany’s Allianz AG joined the parade of big insurance companies that had a very bad year in 2002. For the first time since the end of the Second World War Europe’s largest insurer posted an annual loss, and...
