Global Financial Regulators Seek Coordinated Response to Climate Change Risk July 7, 2021 By Nicholas Comfort The world’s top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still...
Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO November 24, 2015 By Nicholas Comfort and Weixin Zha Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment....
Allianz Aims to Increase Premiums by $6.9 Billion Annually November 24, 2015 By Carolynn Look and Nicholas Comfort Allianz SE, Europe’s largest insurer, aims to generate an additional 6.5 billion euros ($6.9 billion) in annual premiums as the...
Allianz’ Q3 Profit Down 15% as Earnings Decline at P&C, Asset Management Units November 6, 2015 By Nicholas Comfort Allianz SE, Europe’s biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset...
Munich Re Q3 Profit Declines 29% on Investment Earnings November 5, 2015 By Nicholas Comfort Munich Re, the world’s biggest reinsurer, said third-quarter profit slumped 29 percent on a decline in earnings from investments. Net...
Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims August 6, 2015 By Nicholas Comfort Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe...
Munich Re’s ERGO May Cancel Purchase of Greek Insurer on Instability July 10, 2015 By Nicholas Comfort Munich Re’s ERGO Insurance unit may cancel its planned 90.1 million euro ($100 million) acquisition of Greece’s ATE Insurance SA...
Talanx Sells Remaining Shares in Swiss Life to Strengthen Balance Sheet November 14, 2014 By Nicholas Comfort Talanx AG, Germany’s third-biggest insurer, sold its stake in Swiss Life Holding AG to help mitigate the effect of low...
Talanx Raises 2013 Profit Forecast After Swiss Life Stake Sale August 14, 2013 By Nicholas Comfort Talanx AG, the German insurer that sold stock in an initial public offering last year, raised its profit goal for...