Suez Canal Blockage Could Cost Global Trade $6B-$10B per Week: Allianz March 26, 2021 BERLIN – The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week,...
Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War March 26, 2021 By Benjamin Robertson Allianz SE, Europe’s largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion)....
Generali Raises Bid for Aviva Poland in Battle with Dutch Insurer NN: Sources March 25, 2021 By Pamela Barbaglia, Stephen Jewkes and Agnieszka Barteczko MILAN – Italian insurer Generali has nudged up its bid for Aviva’s Polish arm, valuing the business at almost 2.5...
France’s AXA Drops German Power Giant RWE as a Client over Large Coal Operations March 12, 2021 By Alastair Marsh and Vanessa Dezem AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights...
Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership March 9, 2021 Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing...
Aviva Sells Italian Businesses to Allianz and CNP in 2 Deals Totaling $1.1 Billion March 4, 2021 By Benjamin Robertson Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the...
Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users March 2, 2021 By Tom Sims Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its...
Allianz’ 2020 Operating Profit Drops 9.3% in First Decline Since 2011 February 19, 2021 FRANKFURT – German insurer Allianz posted its first fall in annual operating profit in nearly a decade on Friday on...
As Insurers Exit Coal Underwriting, They May Find It’s Good for Stock Valuations February 2, 2021 By Tim Quinson As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is...
China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing January 28, 2021 By Samuel Shen and Andrew Galbraith SHANGHAI— Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management...