Allianz News

Allianz Pauses Talks With Amundi Over Control of Asset Manager

Allianz SE has temporarily halted talks with Amundi SA over combining its Allianz Global Investors asset management arm with the French company. The two sides were unable to agree on a deal structure, including control of the combined entity, according …

Amundi Interested in Buying Allianz Global Investors

Amundi SA is interested in acquiring control of Allianz SE’s asset manager Allianz Global Investors as the French company scouts for deals amid industry consolidation, people familiar with the matter said. Europe’s biggest asset manager has been holding on-and-off talks …

EU Seeks to Streamline ESG Regulations Amid Growing Backlash

The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance rules, as it responds to complaints that excessive regulations are gutting industry competitiveness. Simplification will be at the center of the incoming commission’s work, …

Cevian’s Baloise Move Triggers European Insurers to Study Deal

Baloise Holding AG has become one of the most-discussed takeover candidates in the European financial sector, after agitation by an activist investor triggered top industry players to take fresh looks at the Swiss insurer. Zurich Insurance Group AG, AXA SA …

Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct

Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct, the pan-European online insurer of Allianz Group, will take over the risk carrier based in …

Bain-Backed Motor Insurer Esure Draws Interest from Aviva, Allianz

Aviva Plc and Allianz SE are among potential bidders for Britain’s home and motor insurance firm Esure Group Plc, according to people familiar with the matter. Sampo Oyj, which owns British general insurer Hastings Group, and Belgium-based Ageas have also …

Allianz Weighs Options for AllianzGI Unit: Sources

Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale. AllianzGI, …

Ambani’s Jio in Talks With Allianz for Insurance JVs in India

Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the country, according to people …

Allianz Mulls Ending Decades-Old Bajaj Insurance India JVs

Allianz SE is in talks to scrap two Indian joint ventures with Bajaj Finserv Ltd., in a dispute over the direction of the partnership, according to people familiar with the matter. Allianz plans to exit Bajaj Allianz Life Insurance Co. …

Singapore Amends Law to Stop Allianz’s Insurance Deal

Singapore lawmakers passed an amendment to a bill that will effectively block Allianz SE’s proposed S$2.2 billion ($1.7 billion) acquisition of a majority stake in a local insurance firm. Under the amended Insurance Act, the country’s financial regulator will now …