Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
Allianz Confirms SEC Probing Its ‘Structured Alpha’ Funds, Subject to Investor Lawsuit August 5, 2020 Allianz said on Wednesday that it was fielding a request for information from the U.S. Securities and Exchange Commission over...
Allianz’ Net Profit Drops 29% in 2nd Quarter Amid COVID-19 Crisis August 5, 2020 German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and...
Allianz Global Corporate & Specialty Sells U.S. Products Recall Business to Axon August 5, 2020 New Jersey-based specialty lines program administrator Axon Underwriting Services has acquired the renewal portfolio of Allianz Global Corporate & Specialty’s...
Update: COVID-19 Business Interruption Claims Take Center Stage in London Court Case July 20, 2020 By Lucca de Paoli and Benjamin Robertson UK financial regulators took aim at insurers’ attempts to compare the coronavirus lockdown to government warnings on cigarettes and alcohol,...
Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M July 13, 2020 Allianz has finalized the acquisition of the automobile and other property & casualty business from SulAmérica in Brazil. This follows...
Allianz Expects to Be Back on Track with Profit Targets as COVID Crisis Subsides: CEO July 2, 2020 By Alexander Hübner and Tom Sims Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second...
Allianz Ends Relationship with Wirecard Amid Accounting Scandal July 1, 2020 Allianz said on Wednesday that it was ending its relationship with Wirecard Bank and removing from the market a mobile...
UK Insurer LV= Attracts Bidders Including Phoenix, Cinven: Sources June 15, 2020 By Jan-Henrik Förster and Aaron Kirchfeld UK insurer Liverpool Victoria has attracted interest from rivals including Phoenix Group Holdings and private equity firm Cinven Ltd., according...
Global Insurers Pulled into Epicenter of COVID-19 Crisis, Firmly in Uncharted Territory June 10, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift....