Allianz CEO Baete Sees ‘Huge Opportunity’ From Asset Management in China November 17, 2022 By Bloomberg News Allianz SE sees a “huge opportunity” from asset management in China because the nation needs to diversify overseas investments, its...
Inside Allianz’s $4B Structured Alpha Fund Blowup: Red Flags and Fat Fees March 14, 2022 By Neil Weinberg, Alex Wittenberg and Will Louch It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds February 22, 2022 By Tom Sims Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds February 18, 2022 By Tom Sims and Alexander Hübner German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to...
Allianz and UniCredit Expand Longstanding Multi-Country Bancassurance Agreement January 28, 2022 Allianz and UniCredit have signed a multi-country agreement to build on the companies’ longstanding bancassurance partnership which began in 1996....
Finance System Is Getting More Dangerous, Not Safer: Allianz CEO November 18, 2021 By Tom Sims and Alexander Hübner FRANKFURT – Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not...
‘Not Everything Was Perfect’ in Fund Manager, Says Allianz CEO, After ‘Horrible Week’ August 6, 2021 By Tom Sims and Alexander Hübner Oliver Baete, chief executive officer of Germany’s Allianz, on Friday spoke of a “horrible week” for him and the insurer,...
Allianz to Buy General Insurance Business of Australia’s Westpac for $534M December 2, 2020 Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for...
Allianz’ Net Profit Drops 29% in 2nd Quarter Amid COVID-19 Crisis August 5, 2020 German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and...
Allianz Expects to Be Back on Track with Profit Targets as COVID Crisis Subsides: CEO July 2, 2020 By Alexander Hübner and Tom Sims Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second...