Latest Allianz Headlines

All the headlines from our Allianz Topic Page, ordered by recency.

Ratings: Kamp Re, Allianz (Russia)

Jun 20 2007 // Standard & Poor’s Ratings Services said that its ‘CC’ senior secured debt rating on KAMP RE 2005 Ltd.’s $190 million floating-rate principal-at-risk notes are remaining on CreditWatch with...

Allianz Enters Final ‘Squeeze-out’ Phase of AGF Shares

Jun 14 2007 // After reaching its announced goal of acquiring in excess of 95 percent of the outstanding shares of French insurer AGF (See IJ web site May 10), Germany’s Allianz SE announced that it is moving ahead with its plan to...

SCOR Balks at World Trade Center Claims Settlement

May 24 2007 // Reinsurer SCOR has asked that the recent $2 billion settlement of World Trade Center claims between Silverstein Properties and several insurers be sent to arbitration because it believes that the terms with one of the...

Allianz Acquires Russian P/C Insurer

May 22 2007 // Germany’s Allianz further expanded its presence in the Russian insurance market with the announcement that it has “finalized the acquisition of the P/C insurer Progress-Garant.” Allianz purchased all of...

Allianz Posts Q1 Eastern Europe Revenues of $1.435 Billion

May 15 2007 // Germany’s Allianz, which has been steadily expanding its activities in Eastern Europe, is now realizing strong results from its ventures. Revenues from Central and Eastern Europe in the first quarter of 2007 reached...

Allianz Confirms AGF ‘Squeeze Out’

May 10 2007 // Allianz SE and its subsidiary Allianz Holding France SAS have confirmed that a squeeze-out will be launched on the remaining shares in AGF shares still held by minority shareholders. The announcement follows the official...

Allianz Q1 Operating Profits up 7.2% to $3.9 Billion

May 8 2007 // Germany’s Allianz Group increased its profitability in the first quarter of 2007, posting an operating profit of €2.87 billion ($3.897 billion) a 7.2 percent gain over the €2.677 billion ($3.635 billion) earned...

Business Moves

May 7 2007 // Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The...

Allianz Holds 92.18% of AGF; to Launch ‘Squeeze-out;’ IT Consolidation

Apr 30 2007 // Germany’s Allianz SE (Societas Europaea) announced that upon the closing of the tender offer for the outstanding shares of its French subsidiary AGF, it will hold (directly and through its subsidiary Allianz Holding...

Swiss Re, Allianz, RMS Team-up to Write UK, US, Canada Cat Bonds

Apr 17 2007 // Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of...

S&P Affirms Allianz Suisse ‘A+’ Ratings; Outlook Revised to Positive

Apr 4 2007 // Standard & Poor’s Rating Services has revised its outlook to positive from stable on Swiss-based life insurer Allianz Suisse Lebenversicherungs – Gesellschaft (ASL) and non-life insurer Allianz Suisse...

Allianz Formalizes AGF Minority Shareholder Buyout Offer

Mar 23 2007 // Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, has formalized its offer to acquire the remaining 42.4 percent of the shares in French insurer Assurances Générales de France...

Allianz Joins Institutions to Urge Congress to Act on Climate Change

Mar 20 2007 // Money talks and $4 trillion talks very loudly. So loud in fact that a number of institutional investors, who manage a total of $4 trillion in assets, hope to get the attention of U.S. lawmakers. Their goal is to convince...

WTC Builders Tell 2 Insurers to Stop Stalling and Pay Up

Mar 14 2007 // World Trade Center builders rallied with hundreds of construction workers Monday to protest stalled payments by two insurers, saying their failure to pay is jeopardizing ground zero rebuilding. Trade center developer Larry...

Business Moves

Mar 12 2007 // Royal Sun, Arrowpoint Capital Delaware Insurance Commissioner Matthew Denn conditionally approved a management buyout of Royal and Sun Alliance Insurance Group’s U.S. operations. Denn ruled that there is no legal or...

Allianz Preliminary Earnings Report-Net Income up 60% to $9.2 Billion

Feb 22 2007 // Germany’s Allianz released strong growth figures in its preliminary earnings report with net income for the year up by 60 percent from just under €4.4 billion ($5.77 billion) in 2005 to more than €7 billion ($9.2...

Allianz, Munich Re Endorse Global Roundtable Climate Change Accords

Feb 21 2007 // Two of the world’s largest insurers – Allianz AG and Munich Re – announced that they have signed on to the joint declaration issued by the Global Roundtable on Climate Change (GRoCC) in New York City on...

Allianz and Sistema Sign Purchase Agreement for Russia’s ROSNO

Feb 21 2007 // Spain’s Sistema and Germany’s Allianz have signed a share purchase agreement, whereby Allianz becomes the major shareholder of one of Russia largest insurers ROSNO Group. In a bulletin on its web site...

People and Places

Feb 12 2007 // Chicago-based The Park Group, a wholesale insurance brokerage has announced the promotion of Peter Upjohn to the position of manager of the newly established Professional Liability Brokerage Department. Upjohn is...

Allianz to Integrate Italian Units

Feb 2 2007 // Germany’s Allianz announced that the Boards of Directors of its Italian subsidiary companies, RAS, Lloyd Adriatico and Allianz Subalpina, have adopted a project to integrate their Italian...