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...
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...