Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals April 16, 2021 By Jan-Henrik Förster and Aaron Kirchfeld Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to...
Marco Capital Targets Europe’s P/C Insurance Run-Off Market August 24, 2020 Newly-launched Marco Capital Holdings Limited plans to pursue property/casualty insurance run-off opportunities in Continental Europe, the UK and Lloyd’s of...
Allianz Cuts 2017 Profit Projection After Q3 Natural Catastrophe Claims November 13, 2017 By Tom Sims Allianz has slightly downgraded its profit outlook for the full year after increased claims from natural disasters in North America,...
Allianz’s PIMCO Reports Record Q2 Inflows of $62B in Ivascyn-Driven Turnaround August 4, 2017 By Oliver Suess Allianz SE three years ago bet the future of its then $2 trillion bond firm on Dan Ivascyn, a little-known...
Allianz Q1 Profit Boosted by Strongest PIMCO Inflows in 4 Years May 12, 2017 By Oliver Suess Pacific Investment Management Co., the bond manager owned by German insurer Allianz SE, saw its biggest third-party inflows in four...
Allianz Q1 Net Income Down 15.3% to $2B – in Line with 2017 Profit Goal May 3, 2017 By Tom Sims and Jörn Poltz German insurer Allianz is optimistic about its prospects despite a very tough business environment, the German insurer said on Wednesday...
Allianz Q3 Profit Rises 36%, Helped by Higher Life & Health Earnings November 11, 2016 By Oliver Suess Allianz SE, Europe’s biggest insurer, said third-quarter profit rose 36 percent, helped by higher earnings at the life and health...
Allianz Q2 Profit Drops 46% on Nat Cat Claims, Expected Sale of South Korea Unit August 5, 2016 By Oliver Suess Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and...
Allianz’ PIMCO Axes Jobs in Response to Fall in Assets after Gross’ Exit June 17, 2016 By John Gittelsohn Pacific Investment Management Co. cut its workforce by 68 people, or about 3 percent, and is offering buyouts as assets...
Allianz Asset Management Hit by PIMCO Outflows, Although Reversal Expected May 11, 2016 By Oliver Suess Allianz Asset Management reported a 17 percent decline in first-quarter earnings as investors continued to withdraw money from its Pacific...