Latest Allianz Headlines

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

Arkansas Teachers Fund Agrees to $643M Settlement With Allianz Over Losses

Mar 21 2022 // A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar trading debacle at the German insurer’s funds arm, according to a court document.The...

People Moves: IOA Names 6 Regional Execs; DeFelice Heads Aon’s U.S. Construction; Stephens Named Cyber Leader at Allianz

Mar 15 2022 // Insurance Office of America Names 6 Regional ExecutivesInsurance Office of America (IOA) is pleased to announce the appointment of six regional presidents to its leadership team. The appointees to regional president...

Inside Allianz’s $4B Structured Alpha Fund Blowup: Red Flags and Fat Fees

Mar 14 2022 // It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go practically nowhere.But inside Allianz SE, where a handful of hedge fund managers claimed they...

Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia

Mar 14 2022 // Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia.The German insurer and Swiss reinsurer join banks Deutsche, Goldman Sachs and...

Arkansas Teachers Fund Agrees to $643M Settlement With Allianz Over Losses

Mar 3 2022 // A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar trading debacle at the German insurer’s funds arm, according to a court document.The...

Major Investors to Settle, End Suits Against Allianz Over Losses in Funds Collapse

Mar 1 2022 // A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over their losses in a multibillion-dollar trading debacle at the German asset manager’s funds arm.The...

Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds

Feb 22 2022 // Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings, according to regulatory...

Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds

Feb 18 2022 // German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of...

Former CEO of Allianz UK Appointed as CEO of Hiscox UK

Feb 17 2022 // Hiscox, the Bermuda-based specialist global insurer, announces the appointment of Jon Dye as its new UK CEO, effective September 2022, subject to regulatory approval.In his new role, Dye will be responsible for leading...

Allianz and UniCredit Expand Longstanding Multi-Country Bancassurance Agreement

Jan 28 2022 // Allianz and UniCredit have signed a multi-country agreement to build on the companies’ longstanding bancassurance partnership which began in 1996.The agreement covers UniCredit’s footprint in Italy, Germany,...

Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz

Jan 18 2022 // A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three perils to the top of the list of global business risks in this...

Insurers Sanlam and Allianz Explore Options for Their African Businesses

Dec 22 2021 // JOHANNESBURG – African insurer Sanlam Ltd. said on Wednesday it was exploring “strategic alternatives” with Germany’s Allianz SE for their respective African businesses, excluding Sanlam’s home...

People Moves: Aon Recruits WTW’s James as Chief Broking Officer, Commercial Risk UK; Allianz’ Strong to WTW as Head of Environmental; AGCS Promotes Yee for TMT

Dec 17 2021 // This edition of International People Moves details appointments at Aon, Willis Towers Watson and Allianz Global Corporate & Specialty (AGCS).A summary of these new hires follows here. Aon Recruits James from WTW as...

Allianz to Raise Dividends by 5% Each Year From 2021

Dec 8 2021 // German financial services company Allianz said on Friday it would increase dividends by 5% each year from 2021 as it raised mid-term guidance, citing progress of its business simplification strategy.The company said it...

Finance System Is Getting More Dangerous, Not Safer: Allianz CEO

Nov 18 2021 // FRANKFURT – Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not safer, setting an ominous tone for investors.Baete, who oversees one of the world’s...

Allianz Becomes First Wholly Foreign-Owned Life Insurer in China

Nov 17 2021 // Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the first wholly foreign-owned life insurer in China created from a joint venture.Many...

People Moves: Allianz Global Corporate & Specialty Appoints 5 to Leadership Team

Nov 15 2021 // Allianz Global Corporate & Specialty SE (AGCS) announced it is strengthening its leadership team, hiring internal and external talent for executive positions in its regional management, underwriting and risk consulting...

Allianz Posts Better-Than-Expected Q3 Net Profit as It Emerges From COVID Pressures

Nov 10 2021 // Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it tries to work out how much money it may need to set aside for a U.S. investigation into its fund...

Allianz, European Investment Bank Back €500M Public-Private Climate Fund

Nov 8 2021 // GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing...

People Moves: Garrison Heads Navigators Wholesale; Trochey Joins Ascot; AXA Environmental Adds 3; Allianz Names Houlihan

Oct 25 2021 // The Hartford Names Garrison Head Of Navigators WholesaleThe Hartford has named Michael Garrison as head of Wholesale for Navigators, a brand of The Hartford. Garrison will lead the strategic direction, growth, and...