Drugmaker Sanofi Ordered to Compensate French Family for Epilepsy Drug Side Effects May 16, 2022 PARIS – A French court has ordered Sanofi to pay more than 400,000 euros ($416,440) in damages to a family...
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...
Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz May 10, 2022 By Jonathan Saul Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine...
Africa’s Largest Insurer, Samlam, Partners With Allianz on $2.1 Billion Deal May 4, 2022 By John Bowker Sanlam Ltd., Africa’s largest insurer, agreed to form a joint venture with Germany’s Allianz SE that will combine their assets...
Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals May 3, 2022 By Simon Jessop and Carolyn Cohn Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of...
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...
Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia March 14, 2022 By Tom Sims, Simon Jessop and Paul Arnold Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their...
Major Investors to Settle, End Suits Against Allianz Over Losses in Funds Collapse March 1, 2022 By Tom Sims and Jonathan Stempel A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over...
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...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds February 18, 2022 By Tom Sims and Alexander Hübner German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to...