Allianz Raises Financial Targets for Next Three Years December 10, 2024 By Andrey Sychev and Alexander Hübner Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year,...
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...
Allianz Q2 Profit Jumps 7.1% on Higher Results from US Life & Health Insurance August 10, 2023 Allianz SE, the German owner of bond giant Pacific Investment Management Co., said its second-quarter profit jumped from a year...
Allianz Returns to Q4 Net Profit After U.S. Funds Debacle February 17, 2023 By Tom Sims and Alexander Hübner Germany’s Allianz on Friday swung to a fourth-quarter net profit, rebounding after taking big charges a year earlier for a...
Reuters: After Multi-Billion U.S. Fund Collapse, Allianz Shifts Investment Strategy February 14, 2023 By Tom Sims and John O'Donnell For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system,...
Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges February 1, 2023 By Bob Van Voris The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge...
Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted May 17, 2022 By Tom Sims, Alexander Hübner and Jonathan Stempel Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal...
Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle May 11, 2022 By Tom Sims and Alexander Hübner Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the...
Inside Allianz’s $4B Structured Alpha Fund Blowup: Red Flags and Fat Fees March 14, 2022 By Neil Weinberg, Alex Wittenberg and Will Louch It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds February 22, 2022 By Tom Sims Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive...