By: Joyce Famakinwa
Published August 25, 2015 - 4:29pm CST
Lockton Cos. L.L.C. has appointed former Allianz Group executive Guilherme Perondi Neto as deputy CEO of their Brazilian subsidiary, Lockton Brazil.
Published August 20, 2015 - 9:12am CST
Wild and crazy animal encounters are shaping up as a summer travel risk — especially for vacationers from the Czech Republic — based on reports from insurers.
By: Mark A. Hofmann
Published August 18, 2015 - 11:02am CST
The potential for larger windstorm losses in Asia continues to increase because of population growth and an increase in exposed assets, among other factors, according to an analysis released Tuesday by Allianz Global Corporate & Specialty S.E.
Published August 17, 2015 - 9:27am CST
(Reuters) — Two explosions in the Chinese port of Tianjin that killed more than 100 people last week could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on Chinese media reports.
Published August 14, 2015 - 9:46am CST
(Reuters) — The Chinese units of European insurers Allianz S.E. and Zurich Insurance Group Ltd. said on Friday they received claims for unspecified damages from customer companies in the northeast city of Tianjin after two huge explosions in the port.
Published August 07, 2015 - 9:18am CST
(Reuters) — Europe's biggest insurer, Allianz S.E., expects to reach the top of its operating profit target range this year, and Chief Executive Oliver Baete said asset management unit Pimco was picking up after two years of investor defections.
By: Donna Mahoney
Published August 03, 2015 - 12:09pm CST
Last week's discovery of a Boeing 777 part washed up on the beach of the French island Reunion, reignites the mystery of missing Malaysia flight 370 that disappeared in March 2014.
Published June 07, 2015 - 6:00am CST
Art Moossmann is New York-based president and CEO of Allianz Global Corporate & Specialty North America, having assumed that role this year. He is also a member of the board of management. After selling the personal lines business of Fireman's Fund Insurance Co. to Ace Ltd. late last year, Allianz Global Corporate & Specialty is now integrating the Fireman's Fund commercial portfolio. Mr.
Published May 06, 2015 - 12:39pm CST
(Reuters) — Outflows of customer funds from U.S. investment manager Pimco will hurt earnings this year, and it is not yet possible to predict when flows might turn positive again, insurer Allianz S.E., its owner, warned on Wednesday.
By: Shelby Livingston
Published April 06, 2015 - 2:58pm CST
USI Insurance Services L.L.C. has launched a builder’s risk program for projects of all sizes and types that expands the coverage terms typically offered to middle market customers, the Valhalla, New York-based brokerage announced Monday.
By: Mark A. Hofmann
Published April 03, 2015 - 10:50am CST
American International Group Inc. is promising to “vigorously” defend itself against charges by Pacific Investment Management Co. that it had misled investors about its exposure to risky investments that led to the insurer’s near-collapse in 2008.
Published April 02, 2015 - 9:28am CST
(Reuters) — Families of those killed aboard the Germanwings flight are likely to receive vastly different payouts depending on their nationality, where they bought the ticket, and how much they earned.
By: Sarah Veysey
Published March 30, 2015 - 3:38pm CST
The insurers of the Germanwings plane that crashed last week killing all 150 people on board will be liable to pay claims of about $300 million even if it is established that the co-pilot deliberately crashed the flight.
By: Judy Greenwald
Published March 30, 2015 - 2:02pm CST
Last week's crash of the Germanwings plane in which all 150 aboard were killed will put further pressure on the already “beleaguered” aviation war sector, says A.M. Best Co. Inc. in a special report issued Monday.
By: Sarah Veysey
Published March 24, 2015 - 8:39am CST
Allianz S.E. is the lead insurer of the coverage for the Germanwings GmbH plane that crashed in the French Alps on Tuesday.
Published March 23, 2015 - 3:01pm CST
(Reuters) — Fireman's Fund Insurance Co. agreed to pay $44 million to settle U.S. charges that it knowingly issued policies that did not qualify for the U.S. Department of Agriculture's federal crop insurance program, and also falsified documents.
Published March 19, 2015 - 9:12am CST
(Reuters) — Allianz S.E. struck a deal with Goldman Sachs to help the German company hedge part of its stake in China Pacific Insurance Group and lock in profits from two rounds of investments that Allianz made in China’s third-largest insurer.
Published February 26, 2015 - 9:21am CST
(Reuters) — German insurer Allianz S.E. raised its dividend less than expected after earnings in its core property/casualty insurance businesses lagged and asset management stalled following client defections at its U.S. unit Pimco.
Published February 04, 2015 - 11:35am CST
(Reuters) — The E.U.'s insurance watchdog wants to help insurers make safe investments in infrastructure projects as politicians encourage them to invest to help boost Europe's struggling economy.
Published January 06, 2015 - 9:41am CST
(Reuters) — Insurers have begun processing claims in the crash of an Indonesia AirAsia aircraft last month and hope to identify the beneficiaries by the end of January, an official from Indonesia's financial regulator said Tuesday.
By: Matthew Lerner
Published January 04, 2015 - 6:00am CST
The third major commercial aviation disaster of 2014, all of which were reinsured by Allianz S.E., could ultimately result in higher insurance rates.
Published December 29, 2014 - 8:58am CST
(Reuters) — Allianz S.E. could be exposed to claims of at least $100 million linked to the AirAsia Bhd. jet missing off the Indonesian coast, which would be the third major airline accident it has been exposed to this year.
By: Judy Greenwald
Published December 09, 2014 - 9:47am CST
SINGAPORE — Problems can arise when there is a delay in bringing risk managers into discussions about international acquisitions, said a speaker at the Pan-Asia Risk & Insurance Management Association's Asian Risk Management Conference.
Published December 04, 2014 - 9:21am CST
(Reuters) — Cyber attacks and commercial drones pose a growing risk of commercial airplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums.
Published December 01, 2014 - 8:45am CST
(Reuters) — The European Union's insurance watchdog said Monday it expected rapid action from insurers and supervisors to address weaknesses in capital and business models it had identified in a series of stress tests.