Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
AXA, Allianz Raise U.S. Attack Loss Estimates, New Disaster in France
Sep 24 2001 // Both France’s AXA Group and Germany’s Allianz AG, the world’s two largest insurance groups, raised their original estimates of potential losses from the terrorist attacks of Sept. 11 in the U.S. (See IJ...
AIG, Allianz, XL and Ren Re Statements on
Sep 14 2001 // AIG CEO Maurice “Hank” Greenberg followed up his statement on Wednesday in which he said that “These attacks are an enormous human and national tragedy,” with the reassurance that “We remain...
A.M. Best Downgrades Fireman’s Fund
Aug 30 2001 // A.M. Best Co. downgraded the financial strength rating of “A++” (Superior) to “A” (Excellent) for Fireman’s Fund Insurance Companies (FFIC), Novato, California. A.M. Best indicated the rating...
Allianz To Buy 45% Stake In Russia’s Rosno
Jun 28 2001 // Germany’s Allianz continued its move into Eastern Europe with the announcement that it would acquire a 45 percent interest in Rosno, Russia’s third largest insurer, from its parent company AFK Sistema for an...
S&P Assigns Allianz’ ART Its ‘AA’ FER Rating
Jun 8 2001 // Standard & Poor’s “assigned its double -‘A’ financial enhancement rating (FER) to Zurich-based Allianz Risk Transfer (ART),” an Allianz AG subsidiary which specializes (naturally enough)...
Allianz Posts 6% Q1 Rise in Gross Premiums to $17.6 Billion
May 31 2001 // Germany’s Allianz posted a 6 percent rise in gross premiums written in the first quarter of 2001 to € 20.6 billion ($17.6 billion), reflecting contributions from acquisitions and a 7.9 percent increase in p/c...
Allianz Seeks Swiss Minority Shares as Part of Rebranding Campaign
May 17 2001 // Germany’s Allianz AG offered the minority shareholders of its Swiss subsidiary Berner Versicherung SwFrs 750 ($430) per share as part of its initiative to rebrand its three Swiss companies under the banner...
Operating Profits Grow, But Overall Net Drops at Allianz Ireland
May 9 2001 // Allianz Ireland, the German insurer’s Irish subsidiary, registered a 54 percent increase in operating profits, reflecting an 11 percent increase in premiums, but still posted a drop in overall profits of 74 percent...
Allianz Moves To Reduce Eon Shareholding
May 8 2001 // Germany’s Allianz AG announced that it was considering reducing its holdings, estimated to be worth around $3.8 billion, in the German power company Eon to facilitate its acquisition of British utility company...
Allianz Makes Deal to Purchase Dresdner Bank for $20.5 Billion
Apr 9 2001 // After a week of intensive negotiations, Allianz AG and Dresdner Bank, Germany’s third largest, announced on April 1 that they have agreed to join forces to create Germany’s biggest financial institution. With...
Allianz To Purchase Dresdner Bank For $20 Billion
Apr 2 2001 // After a week of intensive negotiations, Allianz AG and Dresdner Bank, announced an agreement to join forces to create the Germany’s largest financial institution. The boards of both companies approved the merger plan...
Allianz Confirms Dresdner Talks – Deutsche Bank and Commerzbank Watch and Wait
Mar 30 2001 // “Allianz and Dresdner Bank confirm strategic talks concerning the creation of a leading integrated financial services provider for insurance, investment and banking services. The talks are in an advanced stage, but...
Allianz, Munich Re Near Agreement on Bank Takeover, Share Swap
Mar 29 2001 // The German banking and insurance sector, like a volcano that has long been threatening to erupt, may finally explode this weekend. Two of the world’s largest insurance groups, Allianz AG and Munich Re are reportedly...
Allianz In Talks With Merrill Lynch
Mar 26 2001 // According to a report in Germany’ Der Spiegel Magazine, Allianz AG officials have held talks with financial giant Merrill Lynch aimed at establishing a cross selling arrangement between the two companies in the U.S....
Bancassurance Not So Sure, As Big Deals Fail
Mar 1 2001 // CGNU’s recent announcement that it was selling 2 percent of its 6.8 percent holding in French bank Société Générale to its new partner UniCredito Italiano, marked the end of the line for its hopes to build a...
Allianz Net Profit Up in 2000
Feb 14 2001 // Allianz AG reported today a 12 percent rise in adjusted net profit in 2000, meeting analyst expectations. The company also fortified its outlook for 2001 following German tax reforms. The company reported adjusted net...
Allianz/AGF Strengthen Position in Aviation Insurance Market
Jan 24 2001 // AGF, the French subsidiary of Germany’s Allianz, announced that its AGF MAT unit had purchased the remaining 51 percent of Westminster Aviation Insurance Group from France’s Groupama-Gan, giving it 100 percent...
Allianz May Acquire Stake in Czech Insurer
Dec 21 2000 // Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen...
AXA, Allianz Offer Debt Securities
Dec 12 2000 // Two of the world’s biggest insurance companies have issued new debt securities, each totaling around $2 billion. AXA’s long-term subordinated notes were issued on terms previously announced; Allianz three year...
Allianz To Strengthen European Fund Management Business
Dec 4 2000 // A report in London’s Financial Times highlights the plans of Germany’s Allianz to increase its fund management business in Europe, as a “third pillar” to go with its life and general insurance...
