Company: Allianz Page 1 / 4
-
- December 16 2024
Allianz withdraws US$1.6bn offer to acquire Singapore’s Income Insurance
The pre-conditional offer was called off following the Singapore government's decision to block the deal.
-
- December 14 2024
Allianz to scrap US$1.6bn deal to acquire Income Insurance: report
The companies had difficulty finding a way to assuage government concerns, so they are likely to make an announcement about calling the deal off later this week.
-
- November 25 2024
Allianz Trade targets to capitalise on Asia’s shifting supply chains
The carrier is eyeing South-East Asia expansion and adapting to China's evolving trade landscape amid post-pandemic challenges, says APAC head Paul Flanagan.
-
- November 20 2024
Trebling of ‘nuclear’ verdicts in US challenges liability underwriters: Allianz
Apart from social inflation, the increasing complexity of pharma class actions, PFAS litigation and the growth of collective redress outside of the US are among the other trends creating difficulties for carriers, according to the report.
-
- November 18 2024
Allianz Commercial appoints Ben Church as head of broker distribution for Australia
The appointment comes after Sydney-based Church had assumed this role in an acting capacity six months ago.
-
- November 15 2024
‘No guarantee’ Allianz-Income deal will proceed, discussions ongoing
Allianz and Income Insurance said they are still having discussions on amendments to the proposed acquisition deal.
-
- November 14 2024
Singapore blocked Income-Allianz deal over US$1.4bn ‘capital extraction’ plan
The proposed plan is “very different in both its nature and quantum” and “does not align with the representations NTUC Income made” to the government, MAS chairman said.
-
- November 7 2024
Singapore minister clarifies Allianz-Income deal halt following “misperceptions” on government’s role
Minister for Law K Shanmugam said it is not true that the government “blessed” the deal only to reverse its decision later.
-
- October 23 2024
Allianz opens talks with India’s Reliance to launch insurance JVs: report
While Jio has been looking to rope in a foreign partner for its insurance foray, as exclusively reported by IAN, the current talks follow the German insurer’s plans to exit its JVs with Bajaj Group.
-
- October 22 2024
Allianz looks to exit decades-old India JV with Bajaj: report
It is eyeing an exit from life and general JVs because its Indian partner is not allowing the German insurer to raise its stakes at a discounted price.
-
- October 17 2024
Harry Edwards succeeds Céline Peredy as Allianz Trade’s Asean hub commercial director
Peredy has relocated to Paris to assume the new role of strategic account director for multinationals for the carrier.
-
- October 16 2024
APAC business insolvencies projected to increase by 3% in 2024: Allianz Trade
A gradual easing of monetary policies could offer some relief, but it won’t be a silver bullet for struggling businesses.
-
- October 15 2024
Allianz, NTUC Enterprise and Income to review government’s objections to the deal
Allianz said it will consider revisions to the proposed transaction structure, while the government clarified that it is open to future new proposals if its concerns are addressed.
-
- October 14 2024
Singapore government rejects Allianz-Income deal
"The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," minister Edwin Tong told parliament today.
-
- October 10 2024
Data breach driving cyber claims upwards: Allianz Commercial
The insurer's 2024 annual cyber risk outlook evolving regulatory and legal environment has brought an uptick in so-called 'non-attack' data privacy-related class action litigation.
-
- September 25 2024
Allianz Commercial strengthens India specialty focus with Munich Re’s Amol Akhuj hire
Mumbai-based Akhuj will become head of natural resources and construction for India, reporting to the country CEO CB Murali.
-
- September 23 2024
Allianz Commercial India hires Shweta Gadia to boost financial lines and cyber offering
Mumbai-based Shweta will report directly to the India CEO CB Murali with matrix reporting to Jenny Wilhelm, Asia head of financial lines, cyber and distribution for the carrier.
-
- September 16 2024
Allianz Global Corporate & Specialty names AIG’s Thomas Lillelund as CEO
In his new role, Asia veteran Lillelund succeeds Petros Papanikolaou, who assumed the role of executive director of group strategic initiatives at Allianz.
-
- September 10 2024
Allianz Ayudhya General Insurance poised for robust premium growth: AM Best
AM Best has assigned a financial strength rating of “A-“ (excellent) and a “stable” outlook on Thailand's ninth-largest general insurer, citing support from Allianz Group.
-
- September 5 2024
Allianz APAC total business volume up 13% to US$4.8bn in H1 FY 2024
The regional P&C business' operating profit increased by 16% to US$92m on the back of a 12% growth in total business value.
