Allianz

(IN BRIEF) Allianz has withdrawn its offer to acquire a majority stake in Income Insurance Limited following regulatory concerns raised by the Singapore Government and amendments to the Insurance Act. The offer, announced in July 2024, was intended to secure … Read the full press release →

(IN BRIEF) Achmea and Lifetri are merging their pension and life insurance portfolios to form Achmea Pension & Life Insurance N.V., creating one of the Netherlands’ top three providers in the sector, serving over 2.1 million customers. Sixth Street, Lifetri’s … Read the full press release →

(IN BRIEF) Swiss Re is selling its iptiQ European P&C business to Allianz Direct, including its Luxembourg-based risk carrier, over 100 employees, and existing distribution agreements in several European markets. This move aligns with Swiss Re’s strategy to exit iptiQ, … Read the full press release →

(IN BRIEF) Allianz X has partnered with AlTi Global to launch a private markets investment platform tailored for ultra-high-net-worth clients, initially focusing on private debt. Through this joint venture with Allianz Global Investors, the program will provide UHNW investors with … Read the full press release →

(IN BRIEF) A recent report by Allianz Commercial highlights significant trends in the cyber insurance landscape, noting a rise in both the frequency and severity of large cyber claims due to data privacy breaches. In the first half of 2024, … Read the full press release →

(IN BRIEF) At the Africa Venture Finance Programme hosted by Oxford University’s Saïd Business School, top African venture capital fund managers were recognized for their contributions to supporting start-ups across the continent. Awards were given to First Circle Capital, SpeedInvest, … Read the full press release →

(IN BRIEF) The Africa Venture Finance Programme (AVFP) will take place at Oxford University’s Saïd Business School from September 9 to 13, 2024. This event will bring together 44 leading African and Africa-focused venture capital fund managers to advance the … Read the full press release →

(IN BRIEF) MAN Truck & Bus, in partnership with FC Bayern Munich, has launched a project to build a public charging park for electric trucks and buses at the Allianz Arena in Munich. The charging park, featuring high-power and megawatt … Read the full press release →

(IN BRIEF) Allianz has partnered with football star Harry Kane, naming him as their global brand ambassador. Kane, known for his football prowess and advocacy for mental health, will collaborate with Allianz on marketing initiatives aimed at inspiring the next … Read the full press release →

(IN BRIEF) Allianz Trade and BPL have launched a pioneering collaboration aimed at streamlining the processing of bank non-payment insurance enquiries. Utilizing API integration via Verisk’s Whitespace platform, the initiative eliminates manual data entry inefficiencies and enhances data security. This … Read the full press release →

(IN BRIEF) Continental and Rheinmetall have entered into a partnership to facilitate job transitions for Continental employees amidst industry transformations. Rheinmetall, anticipating significant growth, aims to fill its expanding personnel needs with qualified individuals from Continental. Up to 100 employees … Read the full press release →

(IN BRIEF) Allianz Group has finalized the sale of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), marking a strategic move in its business operations in the Middle East. The transaction, which received regulatory … Read the full press release →

(IN BRIEF) Allianz Global Corporate & Specialty SE (AGCS) has announced an agreement to divest its U.S. MidCorp and Entertainment insurance businesses to Arch Insurance North America for $450 million in cash. The deal includes the transfer of approximately $2 … Read the full press release →

(IN BRIEF) Volkswagen Financial Services has announced a successful conclusion to the 2023 financial year, marked by an operating profit of EUR 3.25 billion. Despite challenges such as negative valuation effects and a challenging interest rate environment, the company achieved … Read the full press release →

(IN BRIEF) Allianz Trade has introduced Allianz Trade Pay, a suite of services tailored to the needs of B2B e-commerce activities. This new offering encompasses various solutions, including trade credit insurance, fraud protection, digital buyer onboarding, and instant financing through … Read the full press release →

(IN BRIEF) The Supervisory Board of Allianz SE has prolonged the mandates of Sirma Boshnakova and Günther Thallinger, members of the Board of Management, until December 2029, pending regulatory approvals. Boshnakova oversees the Group’s insurance operations in Western & Southern … Read the full press release →

(IN BRIEF) Generali has finalized the sale of TUA Assicurazioni S.p.A. to Allianz, in line with the company’s strategic objectives outlined in its “Lifetime Partner 24: Driving Growth” strategy in Italy. This move aims to drive profitable growth, streamline operations … Read the full press release →

(IN BRIEF) Allianz S.p.A. has finalized the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. for 280 million euros, as previously announced on October 12, 2023. With regulatory approvals secured, Allianz anticipates a 1-percentage-point increase in its P/C market … Read the full press release →

(IN BRIEF) The European Investment Bank (EIB) and European Investment Fund (EIF) have forged agreements with Bulgarian partners, including Allianz Bank Bulgaria (ABB) and United Bulgarian Bank (UBB), to enhance the country’s economy and advance its transition to carbon neutrality. … Read the full press release →

(IN BRIEF) Allianz SE’s Supervisory Board plans to propose new appointments at the Annual General Meeting in May 2024. The proposals include Jörg Schneider succeeding Herbert Hainer and Stephanie Bruce replacing Christine Bosse as shareholder representatives on the board. Schneider, … Read the full press release →