Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
Munich Re Says Beating Target More Likely After Strong Quarter April 23, 2024 By Stephan Kahl Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to...
Allianz Grows Wealth Bet With Stake in $68 Billion Money Manager AlTi February 23, 2024 By Ben Stupples and Stephan Kahl Allianz SE is making a strategic investment in money manager AlTi Global Inc. in an expansion of the insurance giant’s...
Allianz Shares Drop on Weak Results in P/C Insurance February 23, 2024 By Stephan Kahl Allianz SE shares fell as the German insurance giant reported earnings in its property-casualty business that missed expectations. Fourth-quarter operating...
Munich Re Lifts Target as Lower-Than-Expected Claims Fuel Profit October 24, 2023 By Stephan Kahl Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past...
Munich Re Estimates $1.6 Billion Hit From Hurricane Ian Could Affect 2022 Targets October 21, 2022 By Stephan Kahl Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio August 9, 2022 By Stephan Kahl Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a...
Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources September 28, 2021 By Jan-Henrik Förster and Stephan Kahl Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with...
Update: Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds August 2, 2021 By Stephan Kahl and Sara Marley Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into...
Hollywood’s Insurer Braces for Claims Due to COVID-Related Movie, TV Shutdowns October 6, 2020 By Stephan Kahl Allianz SE, Europe’s largest insurer, is bracing for a flood of claims after movie and television studios were forced to...