Business Insurance

Login  |  Register Subscribe



Allianz Subscribe to RSS feed for 'Allianz'

Allianz shares jump as dividend vow offsets Pimco concerns

Published November 07, 2014 - 10:50am CST

(Reuters) — Shares in Allianz S.E. jumped more than 5% on Friday after the German insurer promised bigger dividend payouts having posted a forecast-beating jump in third-quarter profit.

Insurers, U.K. government working to improve cyber security

By: Sarah Veysey

Published November 05, 2014 - 10:02am CST

LONDON — The U.K. government and a group of leading insurers pledged Wednesday to work together to find ways to better improve cyber security and to develop cyber insurance products and services available for businesses.

International group introduces capital standard formula for insurers

By: Mark A. Hofmann

Published October 23, 2014 - 1:56pm CST

The International Association of Insurance Supervisors on Thursday said it has developed the first global insurance capital standard.

Medical evacuation services draw line at flying out Ebola patients

Published October 10, 2014 - 1:37pm CST

(Reuters) — Leading companies offering medical evacuation services are drawing a line at flying Ebola patients out of West Africa for treatment abroad as the cost and the complexities of the deadly epidemic grow.

OFF BEAT: International walkabouts gone wrong

Published October 07, 2014 - 9:28am CST

What does a cheeseburger have in common with a rhino?

Allianz appoints new CEO to take helm in 2015

By: Matthew Lerner

Published October 02, 2014 - 11:54am CST

Allianz S.E. has appointed Oliver Bäte to succeed Michael Diekmann as CEO of the German insurer, effective May 7, 2015, the company said in a statement Thursday.

Allianz CEO likely to get 2 more years

Published September 29, 2014 - 9:52am CST

(Reuters) — Allianz is set to extend the contract of its Chief Executive Michael Diekmann by two years as the German insurer seeks to smooth the turmoil over leadership change at its Pimco subsidiary, a German newspaper reported.

Allianz could face hundreds of billions in outflows on Gross exit: Morningstar

Published September 26, 2014 - 2:54pm CST

(Reuters) — Bill Gross' departure from investment firm Pacific Investment Management Co. L.L.C. could lead investors to pull hundreds of billions of dollars in assets from its parent company, Allianz S.E., and invest them with Janus Capital Group, the rival firm that Mr. Gross is joining, a Morningstar analyst said Friday.

Allianz integrates Fireman’s Fund commercial business to boost U.S. P/C brand

By: Rodd Zolkos

Published September 17, 2014 - 3:56pm CST

The commercial property/casualty insurance business of Fireman’s Fund Insurance Co. will be integrated into Allianz Global Corporate & Specialty.

Allianz Global Corporate & Specialty offers cyber risk coverage for Canadian firms

By: Kate Shepherd

Published August 13, 2014 - 1:39pm CST

Allianz Global Corporate & Specialty S.E., a unit of Allianz S.E., has launched Allianz Cyber Protect to protect Canadian companies from the risk of data breaches and cyber crime.

Allianz's profit beats forecasts despite problems at Pimco

Published August 08, 2014 - 9:20am CST

(Reuters) — Problems at Allianz S.E.'s U.S. investment firm, Pacific Investment Management Co. L.L.C. persisted in the second quarter as clients defected and margins slipped, posing a challenge for the chief executive of Europe's biggest insurer, who aims to make a record group profit this year.

Allianz to stick with old guard as CEO contract ends

Published August 01, 2014 - 9:02am CST

(Reuters) — Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe's largest insurer expands its global presence or returns more cash to shareholders.

Allianz, Atrium lead insurance coverage on downed Malaysian Airlines plane

Published July 18, 2014 - 9:51am CST

(Reuters) — Insurance on the Malaysian Airlines plane brought down over Ukraine is likely to pay out quickly, but settling insurance for the loss of 298 lives and other liability could be complex and lengthy.

Insurers struggle to get grip on burgeoning cyber risk market

Published July 14, 2014 - 9:07am CST

(Reuters) — Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check.

German insurers face $887M bill for June storm

Published July 02, 2014 - 9:21am CST

(Reuters) — German insurers are on the hook for about €650 million ($887.2 million) in damage claims from storm "Ela" in early June, which hit northwestern Germany especially hard, an industry body said on Wednesday.

Big insurers may escape regulators' systemic list: Watchdog

Published June 19, 2014 - 9:42am CST

(Reuters) — Global insurers deemed by regulators as likely to destabilize the financial system should they fail could find a way of removing themselves from the list, such as by simplifying themselves, a German watchdog said.

German official calls for compulsory flood insurance

Published June 03, 2014 - 2:03pm CST

(Reuters) — Property owners in Germany should be required to insure against floods and other natural hazards, a senior German government official said Tuesday, seeing this as a way of spreading the cost of disaster cover.

S&P questions value of systemic designation for international insurers

By: Mark A. Hofmann

Published June 03, 2014 - 1:29pm CST

The merits of the global systemically important insurer designation — G-SII — assigned to nine international insurers by the Financial Stability Board are not clear, according to an analysis released Tuesday by Standard & Poor’s Corp. in London.

Allianz reports lower profits for 2014 first quarter

By: Sarah Veysey

Published May 14, 2014 - 11:29am CST

Allianz S.E. posted net income of €1.74 billion ($2.39 billion) for the first quarter of 2014, down 3.4% compared with the first quarter of 2013 as its asset management business reported lower operating profits and revenues.

Allianz reports first-quarter profit of $2.26 billion

By: Sarah Veysey

Published May 07, 2014 - 9:36am CST

Allianz S.E.’s net income for the first quarter of 2014 was €1.64 billion ($2.26 billion), down 4.1% from the comparable period in 2013, the Munich-based insurer said Wednesday in a preliminary report.

Allianz warns of new insurance risks from super-sized ships

Published March 13, 2014 - 8:10am CST

(Reuters) — The rise of super-sized container vessels and the opening up of potentially hazardous routes through once-frozen Arctic waters pose the biggest new challenges to ships and their insurers, a report said.

Worldwide shipping losses, piracy decrease in 2013, report shows

By: Sarah Veysey

Published March 13, 2014 - 8:00am CST

There were 94 reported shipping losses worldwide in 2013, down from 117 the previous year, according to a report by Allianz Global Corporate & Speciality, the corporate insurance arm of Munich-based Allianz S.E.

Allianz leads insurance for missing Malaysia Airlines jet

By: Sarah Veysey

Published March 10, 2014 - 9:36am CST

Malaysia Airlines has more than $100 million in hull and liability coverage led by Munich-based Allianz S.E. for the jet that went missing Saturday, according to sources.

Fireman's Fund aims for 2014 underwriting profit: Allianz

Published March 05, 2014 - 2:24pm CST

(Reuters) — Allianz S.E.'s U.S. property/casualty insurer unit, Fireman's Fund Insurance Co., is aiming to make a profit in 2014 for the first time in years as efforts to turn the business around begin to pay off.

Allianz to extend CEO's contract as it seeks successor: Magazine

Published February 19, 2014 - 10:52am CST

(Reuters) — Allianz S.E., Europe's biggest insurer, is poised to offer its 59-year-old CEO, Michael Diekmann, a two-year extension to his contract to smooth the way for a potential successor, a German magazine reported on Wednesday.

More »