If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
Allianz’ Real Estate Unit Bets on London with Purchase of Office Buildings for $539M December 23, 2020 By Jack Sidders Allianz SE’s real estate unit will take a majority stake in a portfolio of buildings owned by British Land Co....
Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market December 11, 2020 By Carolyn Cohn LONDON – A record rebound in merger activity this year and a rise in litigation has brought with it an...
How to Address the Next Uninsurable Pandemic — A Black Swan Event December 9, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout...
Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing December 4, 2020 Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies...
Allianz to Buy General Insurance Business of Australia’s Westpac for $534M December 2, 2020 Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for...
Top Investor Group Including Allianz Warns Firms to Cut Ties to Coal November 9, 2020 By Simon Jessop Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build,...
Allianz Reports Unexpected Increase in Q3 Net Profit of 6% November 6, 2020 German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite delivering...
$5 Trillion Investor Group Aims to Align Portfolios with Paris Climate Agreement October 13, 2020 By Simon Jessop Thirty of the world’s largest investors managing a combined $5 trillion said on Tuesday they plan to set targets to...
Insurers Remain Unfazed by Risks of Clinical Trials for COVID-19 Vaccine October 12, 2020 By Noor Zainab Hussain, Carolyn Cohn and Ludwig Burger The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine...