Coronavirus Will Cause ‘Massive’ Losses Across Insurance Industry, Says Allianz CEO April 17, 2020 By Stephan Kahl, Matthew Miller and Anna Edwards Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses...
Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit February 12, 2020 By Sarah Syed and Stephan Kahl N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations...
Munich Re Weighs Whether to Set Long-Term Profit Target of $3.3 Billion: Source January 23, 2020 By Stephan Kahl Munich Re is considering whether to set itself a long-term net income target of 3 billion euros ($3.3 billion) a...