Allianz retains full-year outlook despite 30% slump in Q3 profit
FRANKFURT (Reuters) – Germany’s Allianz on Friday posted a 30% fall in its third-quarter net profit, dragged down by claims from natural catastrophes, although the financial services company maintained its full-year profit…
Allianz applies to set up new fund management unit in China
By Selena Li HONG KONG (Reuters) – Allianz Global Investors (AllianzGI) has become the latest foreign asset manager to seek Beijing’s approval to expand in the world’s second-largest economy. AllianzGI filed its…
Australian regulator lifts additional capital overlay on Allianz Australia
(Reuters) -Australia’s prudential regulator said on Thursday it has scrapped the additional capital requirement of A$150 million ($101.64 million) placed on the local unit of Allianz SE after finding the insurer has…
Three Portfolio Managers And Allianz Global Investors U.S. Charged In Connection With Multi-Billion Dollar Fraud Scheme
Allianz Global Investors U.S. LLC Also Charged With Securities Fraud, Agrees to Plead Guilty Damian Williams, the United States Attorney for the Southern District of New York, Lisa O. Monaco, the Deputy…
Germany’s Allianz and its U.S. funds troubles
FRANKFURT – Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion investment funds collapsed amid…
Allianz very likely to fully exit Russia, CFO says
By Tom Sims and Alexander Hübner FRANKFURT -Allianz, which has already stopped accepting new business in Russia, will probably fully exit the country, the German insurer’s finance chief said on Thursday. The…
Ship insurance claims to rise as Black Sea remains high risk area – Allianz
By Jonathan Saul (Reuters) – Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz…
Allianz CEO wants to resolve fund debacle soon
FRANKFURT – Allianz wants to resolve investigations into its Structured Alpha investment funds soon, Chief Executive Oliver Baete told shareholders on Wednesday. The demise of the funds has been under investigation by…
Germany’s Allianz halts new business in Russia
FRANKFURT – The German insurer and asset manager Allianz said on Monday that it had put a stop to insuring new business in Russia and was no longer investing in the nation…
Arkansas teachers settle with Allianz over fund debacle
FRANKFURT – A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar trading debacle at the German insurer’s funds arm, according to…
Multiple investors file to end Allianz lawsuits over funds collapse
FRANKFURT -A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over their losses in a multibillion-dollar trading debacle at the German asset…
Allianz launches $235 million bid for Greece’s European Reliance
FRANKFURT – Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer based on…
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