Allianz News
Allianz, AXA, USAA Recognized in First Innovation in Insurance Awards
Allianz, AXA and USAA are among the winners of the first annual Innovation in Insurance awards. The program, jointly launched by Efma and Accenture, seeks to reward and foster innovation in the ...
Allianz, AXA See Demand Surge For German Bank Cash Insurance
Europe's top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives ...
The Latest Launches From Chubb, Beazley and Allianz
Chubb debuted new coverage targeting the U.K./Ireland middle market. Beazley unveiled an endorsement meant to help address weather-related low revenue at an event. Allianz has a new service for ...
Allianz Division Brings on AXIS/Chubb Hires to Grow U.S. Cyber Team
Allianz Global Corporate & Specialty is the latest carrier to expand its cyber insurance arm in response to the fast evolving and growing risk. New hires from AXIS and Chubb will help round out ...
Allianz Asset-Management Profit Plunges 17 Percent Due to PIMCO Struggles
Allianz SE's asset-management unit, struggling to contain outflows at Pacific Investment Management Co. over the past three years, reported a 17 percent decline in first-quarter earnings as outflows ...
The Latest Launches From Karen Clark, Allianz and Hiscox
Karen Clark & Co. has released the latest version of its RiskInsight modeling platform. Allianz is expanding its travel insurance through a partnership with a motorcycle rental/tour operator. ...
‘Airbnb for Cars’ Startup Raises $35M; Allianz Covers Participating Drivers
Drivy, a French startup that lets people hire out their cars in much the same way Airbnb runs a market for houses, said Thursday it raised 31 million euros ($35 million) to fund its continued ...
Judge Clears PIMCO to Sue AIG Over Subprime Mortgage Losses
A federal judge on Monday cleared the way for Pacific Investment Management Co to pursue a California lawsuit accusing American International Group Inc of causing big losses by lying about its ...