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...
Threat of War in Ukraine Biggest Risk for Insurers of Beijing Winter Olympics February 4, 2022 By Noor Zainab Hussain and Carolyn Cohn The threat of war between Russia and Ukraine is the biggest risk for insurers offering coverage during the Beijing Winter...
First Online M&A Insurance Marketplace Launches in Australia January 31, 2022 io.insure, the world’s first online mergers and acquisitions (M&A) insurance marketplace for small and medium-sized business (SME) transactions, announced it...
Allianz and UniCredit Expand Longstanding Multi-Country Bancassurance Agreement January 28, 2022 Allianz and UniCredit have signed a multi-country agreement to build on the companies’ longstanding bancassurance partnership which began in 1996....
AllianzGI Creates Unit Focused on Investing in Companies With Measurable ESG Impact January 26, 2022 By Simon Jessop and Elizabeth Howcroft Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit...
UK Hospitality Groups Are Back in Court With Insurers Over Lockdown Losses January 21, 2022 By Kirstin Ridley and Carolyn Cohn Some of the world’s biggest insurers are bracing as a second wave of multi-million-pound lawsuits, brought by struggling British pubs,...
Net-Zero Insurers’ Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws January 19, 2022 By Alastair Marsh A group of the world’s biggest insurers and reinsurers jointly pledging to eliminate greenhouse gas emissions from their underwriting activities...