Allianz Posts 29% Drop in Q1 Net Profit as COVID-19 Crisis Slows Business May 12, 2020 German insurer Allianz said on Tuesday that a key measure of capital may fall below the company’s target floor level...
UK Regulator Seeks Court Review in July to Resolve COVID-19 Insurance Dispute May 8, 2020 By Carolyn Cohn and Kirstin Ridley Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July,...
Two Law Firms Seek British Businesses to Join Biz Interruption Lawsuit Against Allianz May 6, 2020 Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer...
Allianz Withdraws 2020 Profit Target on Pandemic Uncertainties May 1, 2020 By Stephan Kahl and Richard Weiss Allianz SE withdrew its forecast for the year as Europe’s biggest insurer struggles with the fallout from the Covid-19 pandemic....
Coronavirus Will Cause ‘Massive’ Losses Across Insurance Industry, Says Allianz CEO April 17, 2020 By Stephan Kahl, Matthew Miller and Anna Edwards Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses...
Italy’s Generali to Pay 2019 Dividend, Resisting EU Regulatory Guidance April 13, 2020 By Gianluca Semeraro Italy’s biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout...
British Insurers Suspend Sale of Travel Insurance to New Customers March 16, 2020 British insurers Admiral, Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their...
Markets Are Overreacting to Threat of Coronavirus: Allianz CEO Baete February 26, 2020 By Lucca de Paoli and Suzy Waite Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term...
Allianz Raises 2020 Profit Target After 9.5% Jump in Q4 Results February 21, 2020 German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5%...
Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit February 12, 2020 By Sarah Syed and Stephan Kahl N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations...