The supervisory board of Allianz SE has decided to extend Oliver Baete’s contract as chairman of the board of management until September 2024. The original contract was to expire end of September 2019. “Under Mr. Baete’s leadership, Allianz has developed …
Munich Re, the world’s second-biggest reinsurer, named Joachim Wenning to succeed Chief Executive Officer Nikolaus von Bomhard as the industry struggles to maintain earnings amid low interest rates and falling prices. Wenning, 51, will take over the top post on …
Allianz SE, Europe’s biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the most in six months. Net income increased to 1.82 billion euros ($2 …
Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net income fell to 1.22 billion …
Allianz SE named board member Oliver Baete to succeed Michael Diekmann as chief executive officer as Europe’s biggest insurer grapples with upheaval at Pacific Investment Management Co. (Pimco) Diekmann, 59, will stay on until Allianz’s next annual general meeting in …
Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe’s largest insurer expands its global presence or returns more cash to shareholders. The German group has grown to become …
Allianz SE, Europe’s biggest insurer, reported first-quarter operating profit that fell 2.9 percent, less than analysts estimated, and said it was maintaining its earnings target for the year. Operating profit was €2.72 billion euros ($3.8 billion) compared with €2.8 billion …
