Pimco's Bill Gross Leaves His Own Firm For Janus
at Investor's Business Daily - 1 hr 15 mins ago
Pimco founder and "Bond King" Bill Gross is exiting the global investment maangement firm he founded for competitor Janus Capital Group (JNS), effective Monday, according to Janus. The $2 trillion Pimco is owned by German insurer Allianz SE (AZSEY)....
A.M. Best Assigns Debt Rating to Allianz SE's New Junior Subordinated Notes
Business Wire - Fri Sep 19, 9:00AM CDT
A.M. Best has assigned a debt rating of "a" to the EUR 1,500 million junior subordinated notes issued by Allianz SE (Germany). The outlook assigned to the rating is stable. The existing ratings of Allianz SE remain unchanged.
Why Allianz (AZSEY) Stock Is Higher Today
at The Street - Wed Sep 17, 10:09AM CDT
The company will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under control.
FiduciaryFirst's Don M. Faller, CFP(R) Measures First Year of Appointment to Allianz Global Investors DC Advisory Board
PRWeb - Thu Aug 07, 9:01AM CDT
Allianz Global Investors (AllianzGI), an asset management company of Allianz SE, and the world's 2nd largest asset manager today announced the completion of its first year with the appointment of FiduciaryFirst's Managing Partner, Don M. Faller, CFP(R), to the Allianz Global Investors DC Advisory Board. Don was appointed based on his extensive knowledge of both retirement issues and the defined-contribution (DC) marketplace.
Best's Briefing: The Insurance Implications of Malaysia Airlines Flight MH-17
Business Wire - Wed Jul 23, 2:31PM CDT
The total insurance loss of Malaysia Airlines Flight MH-17, which crashed over the Ukraine-Russia border on July 17, 2014, is not expected to result in any ratings actions, according to a new briefing from A.M. Best.
Reinsurance in Germany - Key Trends and Opportunities to 2018
M2 - Wed Jul 23, 8:30AM CDT
Research and Markets (http://www.researchandmarkets.com/research/l32lm2/reinsurance_in) has announced the addition of the "Reinsurance in Germany, Key Trends and Opportunities to 2018" report to their offering. In terms of gross written premium, the German insurance industry is a global leader. During the review period (2009-2013) the industry registered varying growth rates due to the impact of the financial crisis. However, the industry's strong regulatory framework supported its growth. Natural disasters supported the growth of reinsurance during the review period, and the German reinsurance segment is the largest in Europe and the second-largest in the world. Germany is home to Munich Re and Hannover Re, two of the world's largest reinsurance groups. The recovery of the financial markets in 2010 had a positive influence on the nation's labor market, and property prices began to improve as a result. This is leading to moderate growth in the life and non-life segments, which is expected to continue over the forecast period (2013-2018), and drive the reinsurance segment. The increase in the cost of motor insurance and rising property prices will have a positive impact on the overall industry. With the impact of storm Emma and hurricane Kyrill, the German reinsurance segment is expected post a forecast-period CAGR of 6.3%. Key Topics Covered: 1 Executive Summary 2 Introduction 3 German Insurance Industry Attractiveness 4 Reinsurance Growth Dynamics and Challenges 5 Key Industry Trends and Drivers 6 Competitive Landscape and Strategic Insights 7 Business Environment and Country Risk 8 Appendix Companies Mentioned - Allianz SE - Deutsche R?ck - E S R?ck AG - General Reinsurance AG - Generali Deutschland - Hannover R?ck SE (Hannover Re) - M?nchener R?ckversicherungs-Gesellschaft (Munich Re) - R V Versicherung - Verband Oeffent Leben For more information visit http://www.researchandmarkets.com/research/l3...surance_in
A.M. Best Affirms Ratings of Euler Hermes North America Insurance Company
Business Wire - Fri Jul 18, 8:38AM CDT
A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating of "aa-" of Euler Hermes North America Insurance Company (Euler Hermes NA) (Owings Mills, MD). The outlook for both ratings is stable.
A.M. Best Affirms Ratings of Fireman's Fund Insurance Company and Its Affiliates
Business Wire - Fri Jul 18, 7:32AM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of "a" of Fireman's Fund Insurance Company (FFIC) (Novato, CA) and its reinsured affiliates, collectively referred to as Fireman's Fund. The outlook for all ratings is stable. (See below for a detailed listing of the companies.)
A.M. Best Affirms Ratings of Allianz Life Insurance Company of North America and Allianz Life Insurance Company of New York
Business Wire - Fri Jul 18, 7:32AM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of "a+" of Allianz Life Insurance Company of North America (Minneapolis, MN) and its subsidiary, Allianz Life Insurance Company of New York (New York, NY) (collectively known as Allianz Life). The outlook for all ratings is stable.
A.M. Best Affirms Ratings of Allianz Global Risks US Insurance Company and Its Subsidiaries
Business Wire - Fri Jul 18, 7:32AM CDT
A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of "aa-" of Allianz Global Risk US Insurance Company, Allianz Underwriters Insurance Company and AGCS Marine Insurance Company (collectively referred to AGCS NA). The outlook for all ratings is stable. All the above companies are domiciled in Illinois.
A.M. Best Affirms Ratings of Allianz Societas Europaea and Its Subsidiaries
Business Wire - Fri Jul 18, 7:30AM CDT
A.M. Best has affirmed the financial strength ratings (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of "aa-" of Allianz Societas Europaea (Allianz SE) (Germany) and its subsidiaries. A.M. Best has also affirmed the ratings of all debt securities of Allianz SE. The outlook for all ratings remains stable. (See below for a detailed listing of the companies and ratings.)
Top Five Global Non-Life Insurance Companies 2014-2017: Profiles of Players such as Allianz SE, AXA S.A. and Zurich Insurance Group
M2 - Tue Mar 25, 7:23AM CDT
Research and Markets (http://www.researchandmarkets.com/research/g7vcqh/top_five_global) has announced the addition of the "Top Five Global Non-Life Insurance Companies: Performance, Strategies and Competitive Analysis" report to their offering. The global non-life insurance market reached an estimated revenue of $2,300.5 billion in 2011 during 2006-2011. The industry is expected to reach $2941.5 billion by 2017 with a CAGR of 4.5%. This report is focused on North America (NA), Europe, Asia Pacific, and ROW. NA, who is currently dominating the industry, is likely to retain its growth during 2012-2017. APAC is also expected to join this dynamic growth. The author has identified that during 2006-2011, APAC and ROW recorded the highest growth in terms of gross premium and revenue respectively. Among the top five non-life insurance companies, Allianz SE emerged as the global leader, depicting the highest revenue growth in 2011. During 2012-2017, NA and APAC's non-life insurance market is likely to experience dynamic growth. The author has identified that a diversified geographical footprint and a strong market position are some of the driving forces for these companies, but the existence of impediments in the form of increasing loss and claim expenses due to natural disaster and increasing regulatory compliance are challenges. The author makes a competitive analysis on the following companies: Allianz SE Munich Re Group AXA S.A. American International Group, Inc. Zurich Insurance Group. This discussion is limited to a comparative analysis of the subject companies along with their respective company overviews, their geographic footprints, financial metrics, market definition and scope, market performance, market strategies and corporate cultures, business structure, and SWOT analysis. The data and analysis found in this report can be utilized for a variety of functional business reasons, including business development, strategic planning, determination of market size and trends, competitive analysis, investment decisions, and joint product development. For more information visit http://www.researchandmarkets.com/research/g7...ive_global About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Allianz to buy business from Italy's UnipolSai
AP - Sun Mar 16, 5:12AM CDT
BERLIN (AP) — Germany's Allianz SE is to buy part of Italian insurer UnipolSai's property and casualty insurance business in a deal worth up to 440 million euros ($612 million).
Business events scheduled for the coming week
By The Associated Press - AP - Thu Feb 20, 1:02PM CST
MONDAY, Feb. 24
Euro Market Dip, Rebound Reflect Italian P.M. Row
at Investor's Business Daily - Thu Feb 13, 5:10PM CST
London's FTSE 100 index snapped a five-day advance Thursday, while the CAC-40 index in Paris reversed early losses to add a seventh day to its uptrend. Frankfurt's DAX index also reversed, climbing 0.6% in its fourth gain in five days. The recent...
A.M. Best Assigns Ratings to Allianz SE's Subordinated Notes
Business Wire - Fri Feb 07, 10:22AM CST
A.M. Best Europe - Rating Services Limited has assigned a debt rating of "a+" to the CHF 500 million 3.25% undated subordinated notes issued by Allianz SE (Germany) on 4 February, 2014. The assigned outlook is stable.
Your Flight Just Got Canceled. Now What?
Jessica Alling, The Motley Fool - Motley Fool - Sat Feb 01, 1:30PM CST
Source: Katjung. The recent weather has left many unfortunate travelers stranded in airports and scrambling to reassemble their disrupted trips. The next time you plan a trip, you should consider the one massively under-used financial product that...
Business events scheduled for the coming month
By The Associated Press - AP - Fri Jan 31, 1:02PM CST
MONDAY, Feb. 3
BluForest Inc: Europe's Largest Insurer Considers Carbon Credits Purchase in Indonesia
eTeligis - Tue Sep 03, 11:44AM CDT
BluForest Inc. (OTCBB: BLUF) (OTCQB: BLUF) Matthew Carr of Bloomberg.net reported that Europe's largest insurer,Allianz SE, has been considering "expanding its business of buying carbon emission credits after getting enough of the certificates from a project in Indonesia to help offset its own emissions."1