German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims May 13, 2025 By Tom Sims and Alexander Hübner Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7...
Update: Ageas and Allianz Explore Bids for British Insurance Group esure, Sources Say March 11, 2025 By Amy-Jo Crowley and Alexander Hübner Belgian insurer Ageas has retained advisors to explore a bid for British motor and home insurer esure, four people familiar...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Hübner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
Allianz Raises Financial Targets for Next Three Years December 10, 2024 By Andrey Sychev and Alexander Hübner Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year,...
Allianz Weighs Options for AllianzGI Unit: Sources October 25, 2024 By Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division,...
Taylor Swift Cancellations Deal Blow to Insurers: Sources August 9, 2024 By Carolyn Cohn and Alexander Hübner Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be...
PE Firm Cinven Eyes Sale of German Life Insurer Viridium: Sources October 3, 2023 By Pablo Mayo Cerqueiro, Amy-Jo Crowley and Alexander Hübner Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was...
Allianz Returns to Q4 Net Profit After U.S. Funds Debacle February 17, 2023 By Tom Sims and Alexander Hübner Germany’s Allianz on Friday swung to a fourth-quarter net profit, rebounding after taking big charges a year earlier for a...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re January 10, 2023 By Tom Sims and Alexander Hübner Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on...
Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted May 17, 2022 By Tom Sims, Alexander Hübner and Jonathan Stempel Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal...