Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Henning Schulte-Noelle to Step Down As Allianz CEO
Dec 19 2002 // In a somewhat surprising, but not entirely unexpected move, Henning Schulte-Noelle announced he is stepping down from his position as the Chairman of the Board of Management of Allianz AG at the end of the Annual General...
Allianz Posts $2.52 Billion Q3 Net Loss, $933 Million 1st Nine Months
Nov 15 2002 // Germany’s Allianz announced that it would report a net loss for the third quarter of 2.5 billion Euros ($2.525 billion) and a net loss of 924 million Euros ($933 million) for the first nine months of 2002 due to a...
Report Ex-Allianz Investment Chief to Head Winterthur
Nov 14 2002 // Credit Suisse (CS) made a bold move towards restoring its troubled Winterthur Insurance subsidiary by appointing Leonhard Fischer, the former head of Allianz’ investment banking operations Dresdner Kleinwort Benson,...
Allianz Chief Speaks Out on Accounting Standards
Oct 17 2002 // Allianz CEO Henning Schulte-Noelle outlined the range of activities necessary to establish worldwide measurements and regulations for effective corporate governance in a speech Wednesday night in Frankfurt at a dinner...
2001 Market Share For Insurers in Texas
Oct 14 2002 // The 2001 premium and loss data for Texas verifies everything you heard from the insurance companies — it was a really bad year. Here are the highlights in review: • Texas accounts for 7 percent of the national premium...
S&P Cuts Fireman’s Fund Insurance Co. Ratings
Oct 11 2002 // Standard & Poor’s Ratings Services said that it lowered its counterparty credit and financial strength ratings on Fireman’s Fund Insurance Co. and related entities (FFIC) to single-‘A’-plus...
S&P Comments on Downgrade of Allianz Risk Transfer
Oct 11 2002 // In a separate bulletin Standard & Poor’s explained the ratings downgrade of its long-term counterparty credit, insurer financial strength, and insurer financial enhancement ratings for Swiss-based multiline...
S&P, Moody’s Lower Allianz Ratings
Oct 10 2002 // Both Standard & Poor’s and Moody’s Investors Service announced Wednesday that they have downgraded their ratings on Germany’s Allianz AG, Europe’s largest insurer. S&P also announced that...
A.M. Best Affirms Cornhill Insurance ‘A++’ (Superior) Rating
Oct 8 2002 // A.M. Best Co. announced that it has affirmed the A++ (Superior) financial strength rating of Cornhill Insurance PLC, the U.K. subsidiary of Germany’s Allianz Group, with a negative outlook. Best’s report...
A.M. Best Affirms Allianz ‘A++’ (Superior) Ratings, Puts U.S. Subs “Under Review”
Sep 23 2002 // A.M. Best Co. announced that while it has affirmed the financial strength rating of A++ (Superior) of Allianz Ag and its core entities, it has assigned them a “negative outlook,” and has placed Allianz’...
Fireman’s Fund Adds $750M to Reserves
Sep 16 2002 // California-based Fireman’s Fund Insurance Company, a subsidiary of Allianz AG of Munich, Germany, will receive capital from its parent to increase its reserves for asbestos and environmental (A&E)...
Eastern European Floods Cause Widespread Damage
Sep 16 2002 // The floods that devastated Eastern Europe throughout August may have been caused by global warming, or by one of the 100-200 year storms probability theory predicts, or maybe just bad luck. They were in any case, the most...
Allianz Will Strengthen Fireman’s Fund A&E Reserves by $750 Million
Sep 13 2002 // Allianz AG announced that it will increase the reserves of Fireman’s Fund Insurance Company, its its California-based U.S. property/casualty subsidiary, by $750 million, primarily to cover the anticipated increase in...
S&P’s Comments on Fireman’s Fund Insurance Co.
Aug 30 2002 // Standard & Poor’s commented on Fireman’s Fund Insurance Co. and its related entities (FFIC), saying the double-‘A’-minus counter party credit and financial strength ratings on FFIC remain on...
AIC Opens Houston Office
Aug 20 2002 // Allianz Insurance Company (AIC), a member of the international Allianz Group, has relocated its Energy Operations unit to Houston to be closer to oil, gas and petrochemical clients domiciled throughout North, Central and...
A.M. Best Affirms Rating of Allianz
Aug 8 2002 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Allianz AG Consolidated, Germany. At the same time, A.M. Best has downgraded Allianz’s debt ratings to “aa+” from...
S&P’s Places Allianz and Dresdner on Watch Neg
Aug 2 2002 // Standard & Poor’s Ratings Services has placed its long-term ratings, including its double-‘A’-plus counterparty credit and insurer financial strength ratings, on Munich-based insurance group, Allianz...
Allianz Insurance Co. Appoints Callahan CEO
May 13 2002 // California-based Allianz Insurance Company (AIC), a member of the Allianz Group, appointed Kevin R. Callahan to CEO. In his position as CEO of AIC, Callahan will be responsible for building AIC into an innovative insurance...
Allianz Report Upbeat on Business in China
May 2 2002 // Germany’s Allianz posted an article on its web site that sounds an upbeat note about doing business in China, and singles out Shanghai as the best place for banks and insurance companies to locate. The report notes...
Allianz Offers Airlines $2 Billion Terror Cover Program
Apr 26 2002 // Germany’s Allianz announced the launch of “a new product addressing the need of airlines for a solution regarding their exposure to terrorism and war third-party legal liability.” The policy, which will...
