Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
Allianz Reconfirms New Capacity for Inherent Defects Insurance Coverage
Jan 28 2003 // Germany’s Allianz has reissued a bulletin confirming the increased capacity of its Global Risks unit available to cover faulty design, faulty material and faulty workmanship – inherent defects – for up to...
Best Lowers Ratings on Two Allianz Swiss Subsidiaries
Jan 21 2003 // A.M. Best Co. announced that it has lowered the financial strength ratings of Allianz Suisse Versicherungs-Gesellschaft and Allianz Suisse Lebensversicherungs-Gesellschaft- both referred to as Allianz Suisse -to A+...
U.K.’s Cornhill Re-branded Allianz Cornhill Insurance
Jan 14 2003 // The U.K.’s almost century old Cornhill Insurance has been re-branded as Allianz Cornhill Insurance plc to reflect its status, since 1986, as a member of Germany’s Allianz Group. “The name Cornhill is...
Allianz-Tiriac Wins Romanian Awards
Jan 6 2003 // Three Romanian economic magazines, “Financial Market”, “PRIMM” and “Bucharest Business Week,” have given Allianz’ Romanian oerations, Allianz Tiriac, their awards as the best local...
Allianz Launches D&O Liability Coverage
Jan 6 2003 // Allianz Insurance Company has launched a new business unit to provide directors and officers liability insurance. Allianz has consolidated operations and underwriting authority in its Chicago and New York offices to ensure...
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...
