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Fire a Growing Risk to Shipping Because of Lithium-ion Batteries, Allianz Says

Sep 6 2022 // Fire has always been a peril for shipping, but the advent of lithium-ion batteries has elevated the risk to the point that it now is the most expensive cause of loss for the industry, according to a new bulletin issued by...

Allianz in Talks With Chinese Banks to Launch Asset Management Venture: Sources

Aug 23 2022 // Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap a $4.3 trillion...

Allianz Weighs Sale of Stake in Saudi Arabia Unit

Aug 9 2022 // Allianz SE is considering a sale of its Saudi Arabian unit, people familiar with the matter said, a move that would help the German insurer streamline its portfolio and raise cash. The German insurer is working with an...

In Global Claims Report, Allianz Notes Rising Business Interruption Costs

Aug 1 2022 // The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...

Allianz Notes Rising Business Interruption Costs in Global Claims Report

Jul 22 2022 // The number of contingent business-interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state’s power grid and a fire at a semi-conductor plant in Japan contributed to a global...

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