The latest news from the Allianz Group as well as images for use by the media
Jan 14, 2021
Allianz sets climate targets for specific asset classes in insured portfolio
Allianz announces for the first time concrete interim targets for reducing greenhouse gas emissions in its investment portfolio of policyholder funds, implementing its stated goal of climate neutrality by 2050. By 2025, emissions for selected asset classes in the portfolio of customer funds are to be reduced by 25 percent compared to 2019.
BBVA Allianz Seguros, the bancassurance joint venture between Allianz Seguros and BBVA announced in April this year, begins its operations in Spain. The new venture combines BBVA's banking expertise and distribution capacity in physical and digital channels with Allianz’s innovative, simple and digital non-life insurance solutions.
Euler Hermes: Successful extension of supply chain protection
The German government, Euler Hermes and other German credit insurers have jointly decided to extend their protective shield for the German economy by six months until June 30, 2021. The agreement is still subject to approval by the EU Commission.
The Supervisory Board of Allianz SE has decided to extend Oliver Bäte’s contract as Chairman of the Board of Management until September 2024. The original contract was to expire end of September 2019.
Mr. Studzinski will take a leading role in PIMCO’s expanding global strategy. He will serve as a key advisor to the firm’s top clients globally alongside the client management teams and senior leadership. He brings to PIMCO more than 30 years of experience as a deeply trusted financial advisor to leaders in business, finance, government and NGOs around the world.
Despite the increased risks, Germany's overall economic capacity utilization will continue to increase in the coming year, according to Allianz Research. But with real GDP growth of 1.7 percent versus estimated 1.5 percent for 2018, the rate of 2016 and 2017 will not be reached.
Most G20 countries including several of emerging countries enhanced their conditions for investments in low-carbon energy in the past year. Nonetheless, more renewable energy investments have to be undertaken in order to meet the Paris climate targets, according to the Allianz Climate and Energy Monitor 2018.
Allianz Capital Partners, on behalf of Allianz insurance companies, has signed the acquisition of the 218.8 megawatt Solara project in Portugal. Construction works for Solara have already started. The commissioning of the project is planned for summer 2019.
Allianz Global Investors announces that the Allianz Renewable Energy Fund II (AREF II) has been fully invested within 24 months following the purchase of further photovoltaic plants in Italy and France. The issuing period for AREF II to European institutional investors began in March 2016.
A consortium, including Allianz Capital Partners (ACP), OMERS Infrastructure and AXA IM - Real Assets, acting on behalf of its clients, has entered into an exclusivity agreement with Altice France to acquire a 49.99 percent stake in SFR FttH, a company to be formed by Altice France which will hold and further develop Altice France’s existing fiber to the home business (FttH) in France.
In the week of the World Children’s Day, it’s time to acknowledge that children continue to suffer from widespread poverty almost a century after the Declaration of the Rights of the Child was drafted. What is Allianz's contribution to alleviating this problem?
Cyber risks and the impact of new technologies will have an increasing influence on the corporate loss landscape in years to come. However, it is fire and explosion incidents that cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty (AGCS).
Allianz today announced that it has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) for the preparatory establishment of an insurance holding company in China. The company - Allianz (China) Insurance Holding Company Limited - will be China’s first-ever wholly-owned insurance holding company by a foreign insurer, and will be based in Shanghai.
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