Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Expanding Climate Strategy, Doesn’t Want to Insure Coal Operations
May 10 2018 // The Allianz Group “is significantly expanding its climate strategy.” The German insurance giant recently announced a commitment to support the change to a low-carbon economy over the coming decades, and is...
Allianz Sells 8.4% Stake in Portugal’s Banco BPI to CaixaBank
May 7 2018 // Allianz Group said it has agreed to sell shares representing 8.4 percent of the share capital of Banco BPI to CaixaBank. The total purchase price for this transaction is 178 million euros or 1.45 euros per Banco BPI share....
Allianz Global Corporate & Specialty to Offer Drone Safety Products Through ParaZero
Apr 27 2018 // Allianz Global Corporate & Specialty (AGCS) has partnered with Israel-based drone safety systems company ParaZero to offer its drone-safety products to insureds and help them manage risks involved with the operation of...
Allianz Proceeds with Euler Hermes Acquisition, Delisting
Apr 25 2018 // Allianz Group said it will soon complete the acquisition of Euler Hermes minorities and will delist the trade credit insurer from the Euronext Paris stock exchange. Following the completion of the simplified tender offer...
Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform
Apr 13 2018 // Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform. Drivy, a car sharing operator, links drivers, who need a car on a short-term basis, with vehicle owners who want...
Climate Change Act: Commit New York to Being Powered by 100% Renewables
Apr 12 2018 // Allianz says it’s further integrating ecological and social responsibility into its core business. The insurance giant, which is already known for its sustainable bent, this week issued a 2017 Sustainability Report...
How AXA Wooed and Won XL Group in $15.3B Takeover Deal
Mar 6 2018 // AXA SA’s pursuit of its biggest ever takeover really got serious at a romantic hotel on the shores of Lake Zurich. That’s where top executives of the French behemoth and XL Group Ltd., fresh from the annual...
SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report
Mar 5 2018 // Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, according to a report published by Allianz Global Corporate & Specialty (AGCS). For...
Allianz Investment Unit Provides Funding for Fintech Startup C2FO
Feb 27 2018 // Financial technology startup C2FO raised $100 million in funding in a new round led by the investing arm of global insurance and asset management giant Allianz SE as well as Abu Dhabi’s Mubadala Investment Co. With...
SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report
Feb 21 2018 // Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global...
Allianz Reports 22% Drop in Q4 Profit but Still Plans Dividend Hike
Feb 16 2018 // A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend. Europe’s biggest insurer will increase the...
Siemens Joins 8 Industry Partners (Including Allianz) to Counter Cyber Attacks
Feb 16 2018 // Siemens AG is joining with companies including Airbus SE and IBM to try to counter large-scale hacking attacks that threaten to cost $8 trillion in damage over the next five years. The group signed a charter Friday at a...
Allianz Raises Stake in Credit Insurer Euler Hermes to 92.43%
Feb 14 2018 // Allianz Group has successfully increased its stake in the leading credit insurer Euler Hermes to 92.43 percent. In November, Allianz first announced it intended to increase its 63 percent shareholding in Euler Hermes by...
XL Group Attracts Interest from Allianz, Other Rivals as Potential Buyers
Feb 7 2018 // Bermuda-based insurer XL Group Ltd. is attracting interest from rivals including Allianz SE of Germany, according to people with knowledge of the matter. Interest from insurers in potentially acquiring XL, which had a...
Allianz, Aon Offer Cyber Insurance Discounts for Apple, Cisco Customers
Feb 5 2018 // Apple Inc. and Cisco Systems Inc. have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The...
Cyber Risk Ranks as Most Feared BI Trigger for Global Firms: Allianz
Feb 5 2018 // Business interruption (BI) and cyber incidents interlink as the major threat facing companies, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that BI — including...
Allianz to Acquire Sri Lanka’s Janashakthi General Insurance for €85.9M
Feb 2 2018 // Allianz announced it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100 of its subsidiary Janashakthi General Insurance Ltd. (JGIL) for LKR 16.4 billion (€85.9 million, or approximately...
Allianz Acquires Liberty International’s U.S. Product Recall Business Renewals
Jan 31 2018 // Allianz Global Corporate & Specialty (AGCS) is acquiring the renewal portfolio of Liberty Mutual Insurance’s U.S. product recall and special contingency business. The effective date is Jan.30, 2018. The business...
Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report
Jan 17 2018 // Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that...
AGCS Names Vissing to Succeed Henson as Head of Claims, Regional Unit London
Jan 16 2018 // Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist corporate insurer, has appointed Lars Vissing as Regional Unit London (RUL), head of Claims, starting in February 2018. Vissing succeeds...
