Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture June 25, 2019 By Charlie Devereux and Will Hadfield Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint...
Dutch Insurer Weighs Cutting Cover for Gambling, Arms, Nuclear Power June 24, 2019 By Ruben Munsterman and Will Hadfield Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by...
Allianz Expansion Plan Includes $1 Billion for UK Insurers May 31, 2019 By Will Hadfield Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming...
Allianz Invests in Canadian Robo Adviser Wealthsimple, Leading $75M Funding Round May 23, 2019 By Sandrine Rastello Wealthsimple, the Canadian robo adviser company controlled by Power Financial Corp., is gaining another behemoth shareholder as it slowly gears...
Allianz Posts Q1 Net Profit of $2.21B, a Small Rise from Q1 2018 May 14, 2019 German insurer Allianz SE on Tuesday posted a small rise in net profit in the first quarter from a year...
Allianz Wins Shareholder Approval for New Executive Pay Policy May 9, 2019 By Will Hadfield Allianz SE won shareholder approval for its new policy on management-board pay, avoiding the sort of investor backlash seen at...
Allianz Weighs Bid for Deutsche Bank’s Asset Management Business: Sources April 24, 2019 By Arno Schuetze Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank’s DWS, sources close...
Bayer Detects and Covertly Monitors Cyber Attack – Before It Removes Threat April 4, 2019 By Patricia Weiss and Ludwig Burger German drugmaker Bayer has contained a cyber attack it believes was hatched in China, the company said, highlighting the risk...
Final Four a ‘Big-Ticket’ for Insurers Covering NCAA Tournament March 29, 2019 By Stephanie K. Jones If the NCAA’s Final Four basketball games were to be cancelled or postponed for any reason, that would be really,...
BNP Paribas’ Insurance Unit Cuts Exposure to Coal on Climate Change Concerns March 19, 2019 The Cardif insurance division of BNP Paribas, France’s largest bank, on Monday outlined new targets to reduce its exposure to...