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Allianz Sees Damages Worth Tens of Millions for German Vineyards
Jul 22 2024 // Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many vineyards lost their entire harvest to heavy frosts. While mild temperatures earlier in the year helped...
Allianz Makes $1.6 Billion Offer for 51% of Singapore’s Income Insurance
Jul 17 2024 // Allianz SE agreed to buy a majority stake in Singapore’s Income Insurance Ltd. for about S$2.2 billion ($1.6 billion) to strengthen its presence in Asia. The German company plans to acquire at least 51% of Income...
Singapore’s Income Insurance, Allianz in Talks on Potential Transaction
Jun 14 2024 // Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it said in a statement on Friday. The company added in the statement that there is no...
Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse
Jun 10 2024 // A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of...
People Moves: Specialist Aviation MGA Itasca Names John as CEO, Succeeding Zolotusky; DUAL Group Appoints Allianz’s Sayce as Group Head of Emerging Products
May 29 2024 // This edition of International People Moves details appointments at aviation specialist Itasca MGA Ltd. and DUAL Group, Howden’s MGA subsidiary. A summary of these new hires follows here. Specialist Aviation MGA...
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