Activist Group Calls on Insurers to Sue Oil Companies for Climate Damages November 29, 2021 By Tom Sims FRANKFURT – A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related...
Finance System Is Getting More Dangerous, Not Safer: Allianz CEO November 18, 2021 By Tom Sims and Alexander Hübner FRANKFURT – Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not...
Allianz Posts Better-Than-Expected Q3 Net Profit as It Emerges From COVID Pressures November 10, 2021 By Tom Sims and Alexander Huebner Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it...
Germany’s Allianz Facing U.S. Justice Probe of Fund Managers, Investors’ $6B Lawsuit September 10, 2021 By Chris Prentice and Tom Sims FRANKFURT/WASHINGTON — The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund...
German Regulators Begin Investigation Into Allianz U.S. Investment Funds September 7, 2021 By Tom Sims German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its...
‘Not Everything Was Perfect’ in Fund Manager, Says Allianz CEO, After ‘Horrible Week’ August 6, 2021 By Tom Sims and Alexander Hübner Oliver Baete, chief executive officer of Germany’s Allianz, on Friday spoke of a “horrible week” for him and the insurer,...
UBS, DWS Move to Submit Final Bids for NN Group’s Asset Management Arm: Sources June 14, 2021 By Pamela Barbaglia and Tom Sims UBS and German asset manager DWS are pressing ahead with final bids for the asset management arm of NN Group...
Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users March 2, 2021 By Tom Sims Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its...
Munich Re to Halt Coverage for Events Canceled Due to Pandemics December 8, 2020 By Tom Sims German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on...
U.S. Pension Funds Sue Allianz After $4 Billion in Coronavirus Losses September 28, 2020 By Tom Sims Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz, one of...