Latest Allianz Headlines

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

Asset Managers, Including Allianz, to Cut Portfolio Emissions by at Least 25% by 2025

Oct 21 2021 // By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings...

Allianz Finalizes €330 Million Acquisition of Aviva Italia

Oct 1 2021 // Allianz S.p.A., the Italian holding company of the Allianz Group, announced it has finalized the acquisition of Aviva Italia S.p.A., the Italian property & casualty (P/C) insurance entity of the Aviva Group.The...

Allianz Transfers Legacy Life Portfolio to Resolution Re, Using Quota Share Reinsurance

Sep 30 2021 // Allianz Suisse Life has agreed to transfer to Resolution Re a legacy portfolio of individual life products, which have a reserve volume of around 4 billion Swiss francs (US$4.3 billion).Using quota share reinsurance,...

Allianz in Talks to Transfer Block of Life Assets to Free Up Regulatory Capital: Sources

Sep 28 2021 // Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as Europe’s largest...

Germany’s Allianz Facing U.S. Justice Probe of Fund Managers, Investors’ $6B Lawsuit

Sep 10 2021 // FRANKFURT/WASHINGTON — The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with...

German Regulators Begin Investigation Into Allianz U.S. Investment Funds

Sep 7 2021 // German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of the matter told...

‘Not Everything Was Perfect’ in Fund Manager, Says Allianz CEO, After ‘Horrible Week’

Aug 6 2021 // Oliver Baete, chief executive officer of Germany’s Allianz, on Friday spoke of a “horrible week” for him and the insurer, his first response to a disclosure that the U.S. Department of Justice was...

Allianz Posts 46% Jump in Q2 Profit, with Rosy Outlook Expected

Aug 6 2021 // FRANKFURT – German insurer Allianz on Friday posted a better-than-expected 46% jump in second-quarter net profit and provided a rosier outlook for the full year as it emerges from pressure on business caused by the...

Update: Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds

Aug 2 2021 // Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into its Structured Alpha Funds, which are at the center of lawsuits in the wake of steep losses during the...

Allianz Restructures UK Operations into Distinct Commercial and Personal Businesses

Jul 15 2021 // Allianz Holdings, the UK subsidiary of Allianz SE, has restructured its operations, to create distinct Personal and Commercial businesses, supported by a number of integrated service functions.These changes represent the...

Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses

Jul 9 2021 // Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year.The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that starting in December it will...

People Moves: Allianz’ Ress to AXA XL; Tye Succeeds Card as Carbon’s CEO; Woodhams Promoted at iprism

Jul 6 2021 // This group of international People Moves provides details of appointments at insurer AXA XL; Carbon Underwriting, a managing general underwriter; and iprism, a managing general agent.A summary of these new hires follows....

People Moves: Arch’s Kashuba, TransRe’s Robinson to Ascot; Marsh’s Little to MS Amlin; Allianz’ Schaefer to Howden

Jun 25 2021 // These international People Moves detail new hires at two Lloyd’s insurers (Ascot and MS Amlin) and broker Howden.A summary of these appointments follows here. Insurer Ascot Group announced the expansion of its U.S....

French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns

Jun 17 2021 // A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter...

Generali, Allianz Are Among Suitors for NN Group’s Asset Manager Arm: Sources

Jun 4 2021 // DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm of NN Group NV, people familiar with the matter said.The unit, known as NN Investment Partners,...

Italy Probes Alleged Cartel Among Auto Insurers, Including Allianz Direct, Zurich

May 21 2021 // MILAN – Italy’s antitrust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile...

COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

May 17 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation.However, financial institutions are also...

People Moves: Everest Re’s Grace Moves to Allianz; Williamson Adds Role as Head of Everest Reinsurance

May 11 2021 // Everest Re Group reports that Jim Williamson has assumed responsibilities as the head of the Everest Reinsurance Division effective immediately. This is in addition to his roles as executive vice president and group chief...

COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

May 6 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation.However, financial institutions are also...

Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty

May 3 2021 // Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority agreement for small and medium-sized enterprises (SMEs) customers.Nexus, a...