U.S. Pension Funds Sue Allianz After $4 Billion in Coronavirus Losses September 28, 2020 By Tom Sims Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz, one of...
UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger September 28, 2020 UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after...
Insurance Run-Off Specialist Marco Capital Acquires British Reserve from Allianz August 25, 2020 Newly-launched insurance run-off specialist Marco Capital Holdings said it has agreed to purchase British Reserve Insurance Co. Ltd., a UK...
Allianz Benelux Sells Closed Life Insurance Book to Monument Assurance Belgium August 18, 2020 Allianz Benelux in Belgium reported it will transfer a closed book of life retail insurance business together with 4.500 mortgage...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...
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,...