All the headlines from our Allianz Topic Page, ordered by recency.
Dec 23 2014 // ACE Group said it will keep most of the employees with Fireman’s Fund’s personal lines business once its $365 million acquisition of the division from Allianz goes through.“We value Fireman’s Fund...
Dec 19 2014 // The sale of a Fireman’s Fund unit from Allianz SE to Ace Ltd. stands to further diminish an iconic U.S. insurance brand that dates to the 1800s.The buyer said Thursday that it will integrate the operation, which...
Dec 18 2014 // Allianz Group has agreed to sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement.The merger of the personal lines business with ACE and the...
Dec 12 2014 // German insurance giant Allianz announced a new team that will lead the combined Fireman’s Fund and Allianz Global Corporate & Specialty North American business beginning in 2015.Andrew Torrance, current...
Dec 10 2014 // Willis Group Holdings announced that the Allianz-owned company, Allianz Business Services Limited (ABSL), trading as Premierline, has joined the Willis Commercial Network (WCN).Lancaster-based ABSL joins WCN as part of a...
Dec 9 2014 // Cyber attacks and commercial drones pose a growing risk of commercial airplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums.Technical advances in aircraft...
Nov 7 2014 // During the third quarter of 2014, Allianz Group reported total quarterly revenues increased 14.5 percent to 28.78 billion euros*, compared to 25.14 billion euros in the third quarter of 2013. Operating profit stood at 2.65...
Oct 24 2014 // Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities.The company is also introducing a new line of...
Oct 2 2014 // 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...
Sep 30 2014 // It was 2:28 p.m. in Munich on Sept. 26, and Bill Gross, in charge of $2 trillion as chief investment officer at Pacific Investment Management Co., had just announced that he was joining Janus Capital Group Inc., a...
Sep 29 2014 // For some, being prepared for Oktoberfest means downloading an app that points you to the nearest restroom or helps you decipher Bavarian dialect. A novelty at this year’s event is an online casualty insurance with...
Sep 29 2014 // Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to soothe the turmoil over leadership change at its Pimco subsidiary, a German newspaper...
Sep 29 2014 // German insurer Allianz says it has no plans to increase oversight of its California-based investment unit Pimco after the shock departure of co-founder Bill Gross sent shares in the Munich-based parent tumbling at the end...
Sep 17 2014 // German insurance giant Allianz said it will absorb the commercial lines business of its U.S. subsidiary Fireman’s Fund Insurance Co. into one of its own global divisions.Meanwhile, after days of declining to comment,...
Aug 19 2014 // Industrial insurance specialist Allianz Global Corporate & Specialty (AGCS) has launched Allianz Cyber Protect in Canada, a suite of coverages with capacity to protect a company in the event of a data loss or a...
Aug 8 2014 // Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 11 percent, helped by higher earnings at the life and health insurance unit and lower natural disaster claims.Net income increased to €1.76...
Aug 6 2014 // The Panama Canal is preparing to celebrate its 100th anniversary, accompanied by warnings from insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships...
Aug 1 2014 // 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...
Jul 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Allianz Global Risk US Insurance Company, Allianz Underwriters Insurance Company and...
Jul 21 2014 // Allianz SE, Europe’s biggest insurer and owner of Pacific Investment Management Co., is standing by Chief Investment Officer Bill Gross as his main fund trails peers and struggles with a record streak of investor...