European Insurers Enjoy Big Profits After Premium Hikes August 8, 2024 By Carolyn Cohn, Tom Sims and Yadarisa Shabong Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in...
Singapore Monetary Authority Defends Allianz’s $1.7B Plan to Buy Income Insurance August 6, 2024 By Elffie Chew and Andrea Tan Singapore ministers addressed concerns about Allianz SE’s plan to buy a majority stake in Income Insurance Ltd., saying it would...
Arch Completes Acquisition of Allianz’s U.S. MidCorp and Entertainment Businesses August 1, 2024 Arch Insurance North America it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz. Nearly...
Allianz Sees Damages Worth Tens of Millions for German Vineyards July 22, 2024 By Celine Imensek Insurer Allianz SE expects to pay German winemakers tens of millions of euros in insurance claims this year after many...
Allianz Makes $1.6 Billion Offer for 51% of Singapore’s Income Insurance July 17, 2024 By Elffie Chew Allianz SE agreed to buy a majority stake in Singapore’s Income Insurance Ltd. for about S$2.2 billion ($1.6 billion) to...
Insurers Fret Over Risk of Militant Attacks, AI Hacks at Paris Olympics July 5, 2024 By Carolyn Cohn and Noor Zainab Hussain Insurers are nervous that militant attacks or AI-generated fake images could derail the Paris Olympics, risking event cancellations and millions...
Singapore’s Income Insurance, Allianz in Talks on Potential Transaction June 14, 2024 Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it...
Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse June 10, 2024 By Luc Cohen A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked...
Allianz Is Lead Insurer for Singapore Airlines Incident: Sources May 24, 2024 Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it...
Investor Climate Group Sets Target for Assets in Private Equity, Debt April 18, 2024 By Virginia Furness and Simon Jessop The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set...