Coronavirus Will Cause ‘Massive’ Losses Across Insurance Industry, Says Allianz CEO April 17, 2020 By Stephan Kahl, Matthew Miller and Anna Edwards Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses...
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...
PIMCO Legal Filing Accuses ‘Bond King’ Gross of ‘Abusive’ Conduct April 5, 2016 By Jonathan Stempel Pacific Investment Management Co. said former bond manager Bill Gross’ abusive conduct and effort to sabotage colleagues he deemed disloyal...
Court Rules ‘Bond King’ Gross Can Pursue $200M Lawsuit Against Allianz’ PIMCO March 15, 2016 By Jennifer Ablan and Jonathan Stempel Bond manager Bill Gross will be able to pursue his lawsuit to recoup at least $200 million he claims that...
‘Bond King’ Gross Accuses PIMCO of Falsely Claiming He Abandoned Firm March 2, 2016 By Jonathan Stempel Bond fund manager Bill Gross on Tuesday accused Pacific Investment Management Co. of falsely claiming he suddenly decided to abandon...
Allianz Q4 2015 Profit Rises to $1.6B on Cat Claims; Lower Than Analyst Estimates February 19, 2016 By Oliver Suess Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe’s biggest insurer...
Allianz Aims to Increase Premiums by $6.9 Billion Annually November 24, 2015 By Carolynn Look and Nicholas Comfort Allianz SE, Europe’s largest insurer, aims to generate an additional 6.5 billion euros ($6.9 billion) in annual premiums as the...
UPDATE: Allianz 2nd Quarter Profit Rises 15% on Fewer Nat Cat Claims August 7, 2015 By Shane Strowmatt Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop...
Outflows From Pimco Cut Allianz Asset Management’s Q1 Profit by 14% May 12, 2015 By Oliver Suess and Shane Strowmatt Allianz SE, Europe’s biggest insurer, said first-quarter profit from asset management slid on outflows from Pacific Investment Management Co. Operating...
Allianz Profit Rises 11% to 1.82 Billion Euros Despite Outflows From PIMCO May 6, 2015 By Oliver Suess Allianz SE, Europe’s biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager...