Pimco News
Allianz Boosts Profit but Catastrophe Loss Claims Soar
Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe's biggest insurer increased to 1.42 billion euros ($1.6 billion) in the ...
Insurers Kept Their Faith in Allianz’s PIMCO During Transition
While investors pulled funds from Pacific Investment Management Co. in the wake of co-founder Bill Gross's departure, yield-hungry insurance companies kept faith with the company. "Last year the ...
Allianz’s PIMCO Attracts Bernancke, Ex-British PM to Advisory Board
The bond investing firm Pacific Investment Management Co on Monday named two former central bank chiefs and a former British prime minister to sit on a new board to advise on economic, political and ...
Allianz Division PIMCO Fights Back Against Co-Founder Bill Gross’s Lawsuit
Pacific Investment Management Co. fired back at the co-founder who oversaw the firm's ascent for 43 years, saying Bill Gross's lawsuit over his departure looks more like a screenplay than a legal ...
Allianz Q3 Profit Drops 15% After Plunge in P/C, Asset Management Earnings
Allianz SE, Europe's biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ...
Bill Gross Sues PIMCO, Allianz For ‘Hundreds of Millions’ Over Ouster
Bill Gross sued Pacific Investment Management Co. and parent Allianz SE for "hundreds of millions of dollars," claiming he was wrongfully pushed out as the bond giant's chief investment officer by a ...
For Allianz, PIMCO Problems Overshadowed by Double-Digit Profit Growth
Allianz SE, Europe's biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income ...
Allianz Profit Soars Even as It Deals With PIMCO Setbacks
Allianz SE, Europe's biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the ...