Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Confirms $1.78 Billion Q1 2012 Net Profit
May 16 2012 // As previously announced, Germany’s Allianz SE has had a successful start in 2012 with increases in overall revenues, operating profit and net income for the first quarter well above first-quarter 2011 levels. Allianz...
Allianz Preliminary Q1 2012 Figures Forecast $1.8 Billion Profit
May 10 2012 // German insurance giant Allianz SE has released preliminary figures for the first quarter of 2012, which indicate that total revenues will be over €30 billion [$38.80 billion] slightly above the €29.9 billion [$38.45...
Allianz, CargoNet Introduce Deductible Waiver Agreement
May 1 2012 // Allianz Global Corporate & Specialty (AGCS) has announced an agreement with its U.S. affiliate AGCS Marine Insurance Co. and CargoNet, an information network for cargo theft prevention and recovery, to help...
Hartford to Repay Allianz’s $2.4B Crisis Aid
Apr 16 2012 // The Hartford Financial Services Group plans to repay most of a rescue it received during the financial crisis, buying back debentures and warrants from Germany’s Allianz SE for $2.43 billion. In early October 2008,...
Fireman’s Fund Partners with Allianz to Expand Entertainment into Canada
Apr 12 2012 // Novato, Calif.-based Fireman’s Fund Insurance Co. in partnership with Allianz Global Corporate & Specialty have created an experienced underwriting team to further expand its entertainment division and...
Fireman’s Fund, Allianz Global Expand Entertainment Division into Canada
Apr 11 2012 // Fireman’s Fund Insurance Co. in partnership with Allianz Global Corporate & Specialty, an Allianz affiliate company in Canada, has added an underwriting team to further expand its entertainment division and...
Swiss Re Structures $240 million Insurance-linked Securities for Allianz
Apr 6 2012 // Swiss Re Capital Markets announced that it has “structured and successfully placed $240 million of insurance-linked securities [cat bonds] issued by Blue Danube Ltd., on behalf of a subsidiary of Allianz SE. The...
Allianz Seeking ‘Takeover Gems’ in Post-crisis Financial Wreckage
Apr 4 2012 // Allianz SE, Europe’s biggest insurer, will proceed with caution as it searches for takeover gems among the jetsam washed up by the financial market storm. The German group has said it is ready to come out of its...
Hartford to Repay Allianz’s $2.4 Billion of Crisis Aid
Apr 3 2012 // The Hartford Financial Services Group plans to repay most of a rescue it received during the financial crisis, buying back debentures and warrants from Germany’s Allianz SE for $2.43 billion. The Hartford’s...
Allianz Analyzes Marine Risks – 100 Years after Titanic Disaster
Mar 26 2012 // Specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has taken an in depth look at the current state of marine insurance 100 years after the sinking of the Titanic. That legendary disaster led to...
Allianz Confirms 2011 Earnings; Warns 2012 Won’t Be Easier than 2011
Mar 23 2012 // Allianz confirmed the earnings figures previously published in February in its 2011Annual Report, but Europe’s biggest insurance group also warned that it expects a tough 2012 as it works to counter the burden of low...
Allianz Teams with Experts to Assess Climate Change Impact on Insurers
Mar 15 2012 // Europe’s largest insurer, Germany’s Allianz SE, posed the following question: “How does climate change affect the business model of a large insurance company?” In order to find the answers Allianz...
Allianz Posts $3.73 Bn Net Income; Hit by Cat Claims, Sovereign Debt, Banks
Feb 24 2012 // Catastrophe claims and write downs on investments in sovereign bonds and banks were behind the profit fall revealed by Allianz, Europe’s biggest insurance group. On Thursday it reported net income of €2.804 billion...
U.S. Justice Dept. Closes Allianz Indonesia Bribery Probe w/o Charges
Feb 21 2012 // The U.S. Justice Department has closed its investigation into whether Allianz SE violated a foreign bribery law through its insurance business in Indonesia and does not plan to bring charges, according to a letter reviewed...
UK’s Evolution Secures Allianz Capacity for Additional 5 Years
Feb 1 2012 // Commercial underwriting specialist Evolution Underwriting has announced the extension of its capacity arrangements with Allianz for a further five years. “The deal covers property, casualty, excess of loss and motor...
S&P Follows up on Euro Zone Rating Actions
Jan 18 2012 // Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers. S&P has lowered its ratings on the following insurers...
Allianz Ready to Convert Commerzbank Non-voting Stake Say Sources
Jan 11 2012 // German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German lender strengthen its balance sheet, two sources familiar with the talks between the...
Ratings Roundup: Heritage, Euler Hermes (US)
Dec 22 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Calif.-based Heritage Indemnity Company, both with stable outlooks. The ratings of...
Best Comments on Allianz U.S. Operations Rating Actions
Dec 20 2011 // A.M. Best has taken the somewhat unusual step of issuing a comment on its downgrading of the issuer credit ratings (ICR) to “aa-” from “aa” and the affirmation of the financial strength rating (FSR)...
Best Affirms FSR’s; Downgrades ICR’s of Allianz U.S. Units; Ratings on Review/Negative
Dec 20 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of Allianz Global Corporate & Specialty...
