Latest Allianz Headlines

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

Allianz Analyzes Marine Risks – 100 Years after Titanic Disaster

Mar 26 2012 // Specialist marine insurer Allianz Global Corporate & Specialty (AGCS) has taken an in depth look at the current state of marine insurance 100 years after the sinking of the Titanic. That legendary disaster led to...

Allianz Confirms 2011 Earnings; Warns 2012 Won’t Be Easier than 2011

Mar 23 2012 // Allianz confirmed the earnings figures previously published in February in its 2011Annual Report, but Europe’s biggest insurance group also warned that it expects a tough 2012 as it works to counter the burden of low...

Allianz Teams with Experts to Assess Climate Change Impact on Insurers

Mar 15 2012 // Europe’s largest insurer, Germany’s Allianz SE, posed the following question: “How does climate change affect the business model of a large insurance company?”In order to find the answers Allianz...

Allianz Posts $3.73 Bn Net Income; Hit by Cat Claims, Sovereign Debt, Banks

Feb 24 2012 // Catastrophe claims and write downs on investments in sovereign bonds and banks were behind the profit fall revealed by Allianz, Europe’s biggest insurance group. On Thursday it reported net income of €2.804 billion...

U.S. Justice Dept. Closes Allianz Indonesia Bribery Probe w/o Charges

Feb 21 2012 // The U.S. Justice Department has closed its investigation into whether Allianz SE violated a foreign bribery law through its insurance business in Indonesia and does not plan to bring charges, according to a letter reviewed...

UK’s Evolution Secures Allianz Capacity for Additional 5 Years

Feb 1 2012 // Commercial underwriting specialist Evolution Underwriting has announced the extension of its capacity arrangements with Allianz for a further five years. “The deal covers property, casualty, excess of loss and motor...

S&P Follows up on Euro Zone Rating Actions

Jan 18 2012 // Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers.S&P has lowered its ratings on the following insurers...

Allianz Ready to Convert Commerzbank Non-voting Stake Say Sources

Jan 11 2012 // German insurer Allianz is ready to adjust its €750 million [$952 million] non-voting capital stake in Commerzbank to help the German lender strengthen its balance sheet, two sources familiar with the talks between the...

Ratings Roundup: Heritage, Euler Hermes (US)

Dec 22 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Calif.-based Heritage Indemnity Company, both with stable outlooks. The ratings of...

Best Comments on Allianz U.S. Operations Rating Actions

Dec 20 2011 // A.M. Best has taken the somewhat unusual step of issuing a comment on its downgrading of the issuer credit ratings (ICR) to “aa-” from “aa” and the affirmation of the financial strength rating (FSR)...

Best Affirms FSR’s; Downgrades ICR’s of Allianz U.S. Units; Ratings on Review/Negative

Dec 20 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of Allianz Global Corporate & Specialty...

Best Puts Fireman’s Fund Companies on Review/Negative; Affirms Ratings

Dec 20 2011 // A.M. Best Co. has placed under review with negative implications and has also affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of...

Best Downgrades Allianz and Subs Issuer Credit Ratings; Affirms FSR

Dec 15 2011 // A.M. Best Europe – Rating Services Limited has reacted to the ongoing sovereign debt crisis in the euro zone, which it describes as “continued negative developments” with a number of rating actions, starting...

S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative

Dec 12 2011 // Standard & Poor’s Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative...

Stormy Sun Could Knock Out Power Grids: Allianz

Dec 2 2011 // An upcoming cycle of stormy solar activity risks causing damage to electrical transformers and threatening vulnerable energy infrastructure around the globe, a report by an insurance group says.The sun follows a...

Allianz Asia CEO Says Thai Floods Could be Costliest Disaster in a Decade

Nov 18 2011 // Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz...

Allianz Q3 Net Profit Hit by ‘Market Turmoil; Figures Show Decreases

Nov 14 2011 // Allianz reported Net income of €258 million [$353.46 million] for the third quarter of 2011, compared to €1.268 billion [$1.737 billion] in Q3 2010, a 79.7 percent drop.For the first nine months of the year...

Flood Damage Underestimated: Allianz

Nov 7 2011 // Floods are the most commonly occurring natural catastrophes in the world and insurance companies are using science to better predict risks, yet most people underestimate flooding’s destructive power, German insurer...

Flood Damage Underestimated; Better Risk Prevention Needed: Allianz

Oct 19 2011 // Floods are the most commonly occurring natural catastrophes in the world and insurance companies are using science to better predict risks, yet most people underestimate flooding’s destructive power, German insurer...

U.S. SEC to Limit Charges Against Allianz

Oct 17 2011 // The U.S. Securities and Exchange Commission does not plan to charge Allianz SE for illegal activity at its private equity investments, according to two people familiar with the matter, in a case that could have tested the...