Latest Allianz Headlines

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

Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals

Apr 16 2021 // Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with...

Allianz Privately Mulls Counteroffer for The Hartford After Chubb’s Offer

Mar 28 2021 // Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the feasibility of a counteroffer, according to people familiar with the...

Suez Canal Blockage Could Cost Global Trade $6B-$10B per Week: Allianz

Mar 26 2021 // BERLIN – The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday.The study by Europe’s biggest insurer also found that...

Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War

Mar 26 2021 // Allianz SE, Europe’s largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion).The deal values London-based Aviva’s Polish business at 2.7 billion euros, according...

Allianz Partners Adds Epidemic Coverage to Travel Insurance Products

Mar 23 2021 // Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage to customers who become ill with COVID-19 or a future epidemic, are...

Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership

Mar 9 2021 // Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also includes a strategic...

Aviva Sells Italian Businesses to Allianz and CNP in 2 Deals Totaling $1.1 Billion

Mar 4 2021 // Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the UK insurer continues to pivot to its core markets.CNP Assurances and Allianz SE bought the London-based...

Portevin Appointed Global Head of Allianz Risk Consulting

Mar 3 2021 // Thierry Portevin, current global head of property at Allianz Global Corporate & Specialty (AGCS), will be appointed global head of Allianz Risk Consulting (ARC), reporting directly to Tony Buckle, chief underwriting...

Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users

Mar 2 2021 // Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its clients, the companies...

Hub Adds Entertainment Specialist Cloward from Allianz in California

Mar 2 2021 // Hub International has added entertainment insurance specialist David Cloward as practice leader in the Los Angeles, Calif. office. Cloward will focus on managing film, production, venue, business management and live...

Allianz Global Corporate & Specialty Promotes Fioretti in New York

Feb 24 2021 // Allianz Global Corporate & Specialty (AGCS) has named Katie Fioretti as regional head of portfolio steering for financial lines in North America, effective immediately.She assumes the role from Alessandro Carriglio,...

Allianz’ 2020 Operating Profit Drops 9.3% in First Decline Since 2011

Feb 19 2021 // FRANKFURT – German insurer Allianz posted its first fall in annual operating profit in nearly a decade on Friday on higher claims from businesses hit by lockdowns and lower demand for car and travel insurance.Operating...

Allianz Makes Personnel Changes to Georgia-Based Aviation Team

Feb 11 2021 // Allianz Global Corporate & Specialty’s (AGCS) North American Aviation team has promoted two executives and hired a new underwriting specialist, effective immediately. Lamont Rosemond has been promoted to regional...

Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz

Feb 8 2021 // There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance.A trio of Covid-19 related risks —...

China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing

Jan 28 2021 // SHANGHAI— Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world’s...

World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate

Jan 27 2021 // European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the chief executive of German insurer Allianz said on Wednesday.“Today, the...

Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz

Jan 27 2021 // There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance.A trio of Covid-19 related risks —...

Covid-19 Vaccine Distribution Risks and Insurance: Q&A With Allianz Specialists

Jan 12 2021 // As COVID-19 vaccine distribution rolls out across the country, insurers of the pharmaceutical industry are in a position to share their experience as to what constitutes a successful and safe distribution process.Allianz...

World’s Largest Insurers 2020: AM Best Ranks UnitedHealth, Allianz on Top

Jan 5 2021 // UnitedHealth Group Inc. takes the top spot in AM Best’s ranking of the world’s 25 largest insurance companies for a sixth straight year, with $189.7 billion in net premiums written (NPW) in 2019.In addition,...

Allianz’ Real Estate Unit Bets on London with Purchase of Office Buildings for $539M

Dec 23 2020 // Allianz SE’s real estate unit will take a majority stake in a portfolio of buildings owned by British Land Co. in London’s virus-roiled West End district.The insurance giant has agreed to pay 401 million pounds...