‘Not Everything Was Perfect’ in Fund Manager, Says Allianz CEO, After ‘Horrible Week’ August 6, 2021 By Tom Sims and Alexander Hübner Oliver Baete, chief executive officer of Germany’s Allianz, on Friday spoke of a “horrible week” for him and the insurer,...
Update: Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds August 2, 2021 By Stephan Kahl and Sara Marley Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into...
Fintech and On-Demand Insurer N26 Eyes Value of About $10B in New Fundraising July 16, 2021 By Jan-Henrik Förster and Eyk Henning N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the...
Eight Leading Insurers and Reinsurers Launch Net-Zero Climate Alliance July 12, 2021 Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition...
Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses July 9, 2021 By Alastair Marsh Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro...
Former Atlantia Execs Face Trial over 2018’s Fatal Genoa Bridge Collapse: Sources June 25, 2021 By Emilio Parodi and Francesca Landini Italian prosecutors investigating the deadly collapse of a bridge in 2018 have asked for 59 people, including former Atlantia CEO...
French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns June 17, 2021 By Alexandre Rajbhandari A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses...
Generali, Allianz Are Among Suitors for NN Group’s Asset Manager Arm: Sources June 4, 2021 By Jan-Henrik Förster, Sonia Sirletti and Lucca de Paoli DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm...
Update: Stranded Container Ship Is Refloated; Suez Canal Shipping Traffic Resumes March 29, 2021 By Yusri Mohamed, Nadine Awadalla and Aidan Lewis ISMAILIA, Egypt – Shipping was on the move again late on Monday in Egypt’s Suez Canal after tugs refloated a...
Allianz Privately Mulls Counteroffer for The Hartford After Chubb’s Offer March 28, 2021 By Jan-Henrik Förster and Aaron Kirchfeld Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the...