Latest Allianz Headlines

All the headlines from our Allianz Topic Page, ordered by recency.

Hard Brexit Would Have ‘Significant Impact’ on U.K., Europe: Allianz Global Investors

Oct 9 2019 // Andreas Utermann has long brushed off the risk of a hard Brexit, arguing even a managed separation would be a nightmare for the U.K. Now that scenario is shaping up as the biggest worry for the money managers at Allianz...

Allianz Emerges as Frontrunner to Invest in Bancassurance Unit of Spanish Lender BBVA

Oct 1 2019 // German insurer Allianz has emerged as the frontrunner to invest in the bancassurance business of Spanish lender BBVA, two sources close to the deal told Reuters, after Italian rival Generali pulled out of the race.The deal...

AGCS Names Kang as Head of Reinsurance and Catastrophe Risk Management

Oct 1 2019 // Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has appointed Hyeji Kang as global head of Reinsurance and Catastrophe Risk Management, effective Oct. 1, 2019.She will...

Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources

Sep 24 2019 // German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources...

Allianz Risk Names Bavishi as Deputy Regional Head of Americas

Sep 13 2019 // Allianz Global Corporate & Specialty has appointed Parag Bavishi as deputy regional head of the Americas with its Alternative Risk Transfer (ART) division.In this role, Bavishi will lead ART’s structured...

Allianz to Buy SulAmérica’s Auto, Other P/C Insurance Operations

Aug 23 2019 // Allianz has agreed to acquire automobile and other property/casualty insurance operations from Brazil’s SulAmérica for BRL 3 billion (667 million euros).Allianz said the acquisition will strengthen its competitive...

Allianz Appoints Mitchell as Regional Head, Multinational for the Americas

Aug 13 2019 // Allianz Global Corporate & Specialty SE (AGCS) has named Ben Mitchell to the newly created role of regional head of Multinational Americas. He is based in Chicago. Mitchell has served as head of the Global Clients...

Allianz Promotes Castriotta to North American Financial Product Development Head

Jul 23 2019 // Allianz Global Corporate & Specialty has promoted Kelly Castriotta to regional head of Product Development for Financial Lines in North America. Castriotta, an attorney, joined the AGCS Financial Lines team in 2018 and...

Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture

Jun 25 2019 // Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the...

AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation

Jun 14 2019 // Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective July 1, 2019, Ulrich Kadow will be appointed as AGCS global head of Marine....

Allianz Expansion Plan Includes $1 Billion for UK Insurers

May 31 2019 // Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country.The Munich-headquartered company agreed...

Allianz Invests in Canadian Robo Adviser Wealthsimple, Leading $75M Funding Round

May 23 2019 // Wealthsimple, the Canadian robo adviser company controlled by Power Financial Corp., is gaining another behemoth shareholder as it slowly gears up for an initial public offering.Allianz X, the tech investment fund of...

Allianz Posts Q1 Net Profit of $2.21B, a Small Rise from Q1 2018

May 14 2019 // German insurer Allianz SE on Tuesday posted a small rise in net profit in the first quarter from a year earlier, marginally ahead of expectations, and confirmed its targets for 2019.Results were helped by lower claims from...

Venture Insurance Programs Partners with Allianz on Golf, Country Club Accounts

May 10 2019 // Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the...

Allianz Wins Shareholder Approval for New Executive Pay Policy

May 9 2019 // Allianz SE won shareholder approval for its new policy on management-board pay, avoiding the sort of investor backlash seen at some European firms in recent years.The German insurer proposed increasing the importance of...

Allianz Weighs Bid for Deutsche Bank’s Asset Management Business: Sources

Apr 24 2019 // Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank’s DWS, sources close to the matter said on Wednesday.Their interest comes as Germany’s biggest bank...

OnRamp Insurance Accelerator Seeking Applications from Fintech and Insurtech Startups

Apr 23 2019 // Minneapolis-St.Paul – April 23, 2019 – The OnRamp Insurance Accelerator, in partnership with Allianz Life, Securian Financial and gener8tor, is accepting applications from startups seeking to be a part of the...

Insurtech Lemonade Raises $300 Million; SoftBank, Allianz, Alphabet Among Investors

Apr 11 2019 // Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $300 million Series D funding round led by SoftBank Group with participation from Allianz, General...

Bedbugs Join Dogs, Deer, Birds, Cats in Keeping Insurance Claims Folks Up at Night

Apr 9 2019 // Dogs remain the undisputed champions at generating insurance claims, while deer, birds and cats are contributing their share of mayhem as well. But according to a review of 470,000 insurance claims over five years by...

Allianz Explores Deal with Deutsche Bank’s Asset Management Arm: Sources

Mar 18 2019 // Allianz SE is exploring the possibility of a combination of its asset management arm with Deutsche Bank AG’s DWS Group to create a national champion in active money management, according to people familiar with the...