Allianz SE News

Pimco Accused of ‘Fraternity Culture’ in Suit by Female Workers

Allianz SE’s Pacific Investment Management Co. was sued by a pair of female workers who allege the money manager operates as a fraternity that favors white males. Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach office, say …

Don’t Be Tricky With Virus Claims, Watchdog Warns U.K. Insurers

The U.K. regulator has a message for insurers facing a likely deluge of coronavirus-related claims: play fair. Customers have found themselves in unprecedented difficulties as businesses the world over shut down or change how they operate, and insurers must also …

Commentary: Insurer CEO Can’t Simply Rewrite Rules of M&A

The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into …

Allianz Raises Dividend, Shrugs Off Hurricane Claims

A record year for natural disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend. Europe’s biggest insurer will increase the dividend for 2017 by 5.3 percent to 8 …

Allianz Profit Falls 15% Due to Drop in Asset Management and P/C 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 ($1.48 billion) from 1.61 billion euros a year earlier, the …

Allianz to Buy Italy’s UnipolSai’s P&C Business

Germany’s Allianz SE is to buy part of Italian insurer UnipolSai’s property/casualty insurance business in a deal worth up to 440 million euros ($612 million). Allianz said in a statement late Saturday that the business had premiums last year of …

Insurer Allianz Doubles Net Profit in 2012

Insurance company Allianz SE says net profit almost doubled last year as losses on Greek bonds no longer weighed down its results. The Munich-based company said Thursday its basic insurance business also improved, suffering lower losses on natural catastrophes and …