The latest news from the Allianz Group as well as images for use by the media
Aug 05, 2020
Allianz achieves 2.6 billion euros operating profit in second quarter of 2020
The COVID-19 crisis caused one of the most severe economic and financial market turmoils. While financial markets have rallied in the second quarter of 2020, the economic recovery remains fragile. However, Allianz with its well-diversified business portfolio and robust balance sheet has continued to successfully navigate through the current crisis and has achieved solid results in the second quarter of 2020.
Allianz completes acquisition of automobile and other Property-Casualty business from SulAmérica
Allianz has closed the acquisition of the automobile and other Property & Casualty business from SulAmérica. This follows the announcement of the deal on August 23, 2019. The transaction enlarges the service offering for customers and grows Allianz’s geographical footprint in Brazil.
AllianzGI and Virtus Investment Partners announce strategic partnership in U.S. retail market
AllianzGI and Virtus Investment Partners Inc. have agreed to a strategic partnership that will focus on enhancing both firms’ growth opportunities with Virtus representing AllianzGI’s compelling investment strategies in the U.S. retail market to existing and potentially new clients.
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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