Allianz News
Allianz, AXA Reportedly Bidding for StanChart Asia Insurance Rights
Allianz SE, Europe's biggest insurer, and France's Axa SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, ...
Allianz’s PIMCO Boosts Treasuries Stake to 25-Month High
Pacific Investment Management Co.'s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. ...
Allianz’s Q2 Profit Plunges by Nearly Half, Missing Estimates
Allianz SE said second-quarter profit almost halved, missing estimates, as Europe's biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea ...
Executives On The Move at Berkshire Hathaway Specialty Insurance, ANV and Allianz
Berkshire Hathaway Specialty Insurance named four executives to lead a new division in the U.S. and Canada. ANV named a new executive to one of its divisions. Allianz appointed a new CEO to its ...
Brexit Fallout: Allianz Economist Urges U.K. to Develop Credible ‘Plan B’
Britain's politicians must urgently get their act together after the Brexit vote and, if they fail to come up with a credible "Plan B" with a free trade agreement, sterling could fall towards parity ...
Executives On The Move at GEICO, Allianz, CNA and Nationwide
Allianz Global Corporate & Specialty made several corporate changes. A Chubb veteran is joining CNA in a key executive role for commercial underwriting. GEICO promoted an up-and-coming executive. ...
Swiss Re Cuts Risky Government Bonds, Hikes Corporates
The European Central Bank has turned government bonds into one of the riskiest asset classes, prompting Swiss Re AG to move more of its investments into corporate debt, according to the reinsurer's ...
Allianz Grabs Zurich’s Moroccan Division for $275M
Allianz Group plans to pay more than $275 million for Zurich Insurance's Moroccan subsidiary. The deal for Zurich Assurances Maroc is expected to close at the end of 2016, pending regulatory ...