The Supervisory Board of Allianz Deutschland AG today named Dr. Klaus-Peter Röhler as Chairman of the Management Board (CEO) and successor to Dr.Manfred Knof, effective January 1, 2018. The Allianz Italia Board of Directors decided to appoint Giacomo Campora, 50, as CEO of Allianz Italia as of January 1, 2018.
Who says work and play can’t mix? In fact, they can mix even before you start work. At Allianz, we have developed a new way for job seekers to find out to what extent they have the values we seek in potential employees. The ‘play’ part? A fun, interactive tool introduces job seekers to these values through one of Allianz’s fastest developing new business areas – drone insurance.
The Supervisory Board of Allianz Austria has appointed Rémi Vrignaud as the new Chairman of the Board of Management with effect from August 25, 2017. He will take over from Wolfram Littich, who has been successfully heading up the Allianz companies in Austria since 2001.
Euler Hermes, the world’s leading trade credit insurer, announces two senior executive appointments in its Asia Pacific region. Clemens Philippi is appointed chief executive officer of Euler Hermes ASEAN, with responsibility for the company’s activities in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Benoit Ganzmann has been appointed chief executive officer of Euler Hermes China, based in Shanghai.
Allianz has announced the appointment of Joos Louwerier as Country Manager & CEO, Allianz Life Indonesia, where he will oversee the growth strategy and have overall management responsibility of all Allianz operations in Indonesia. Joos succeeds Joachim Wessling, who is stepping down to pursue external opportunities.
PIMCO, a leading global investment management firm, has named Robin Shanahan and Peter Strelow, both Managing Directors, as Co-Chief Operating Officers. They will report to PIMCO’s Chief Executive Officer Emmanuel Roman.
Allianz Australia Limited today named Richard Feledy as its new Chief Executive Officer, effective January 1, 2018. Mr. Feledy, currently the Chief Technical Officer of Allianz Australia, will succeed Niran Peiris, who will join Allianz SE’s Board of Management with effect from January 1, 2018.
PIMCO, a leading global investment management firm, has hired Gregory Hall as Managing Director, Head of Private Strategies. He will manage PIMCO's private strategies, which include a number of real estate, distressed, opportunistic and credit strategies in private equity vehicles.
This year, Allianz Capital Partners announced two major investments in the U.S. renewable energy sector. David Jones, the Head of Renewables at Allianz Capital Partners, tells us why these investments are attractive and why he expects to continue investing in U.S. wind energy, despite less enthusiasm for clean energy within the new administration of U.S President Donald Trump...
Giulio Terzariol has been appointed to the Allianz SE Board of Management as of January 1, 2018. He takes over responsibility for the Finance, Controlling and Risk Management division. Furthermore, Niran Peiris is appointed to the Board of Management of Allianz SE as of January 1, 2018 until December 31, 2020.
At its December meeting the European Central Bank (ECB) announced that it would be extending its bond purchasing program until at least the end of 2017. From April next year the monthly purchase volume is to be reduced to EUR 60bn from EUR 80bn at present. All told, this boosts the QE program by EUR 540bn to EUR 2.28 trillion. Should inflation remain below expectations in the coming months, the ECB has kept its options open to up the monthly purchase volume as well as extend the time horizon.
Claus Stickler and Andreas Gruber will co-lead AIM as Managing Directors. The new management set-up for AIM is to integrate even more tightly all functions and international locations, to strengthen project work and global teams
Public-run infrastructure projects running over budget has become almost cliché. But what if they were outsourced to the private sector? Allianz chief investment officer Andreas Gruber gives his insights on the benefits and risks of public-private partnerships.
As leaders from the world’s wealthiest countries gather in China for the G20 Summit, Mohamed A. El-Erian and Michael Heise face off over China’s rising economic power. This is the second part of a two-part series.
As leaders from the world’s wealthiest countries gather in China for the G20 Summit, Mohamed A. El-Erian and Michael Heise face off over China’s rising economic power. This is the first part of a two-part series.
The after-effects of the failed coup will add further uncertainties to Turkey’s already fragile political environment, which has been steadily deteriorating in recent years. Michael Heise, Allianz Chief Economist, shares his opinion.
The decision has been made, the UK electorate voted to leave the European Union. Allianz Chief Investment Officer Andreas Gruber and Allianz Chief Economist Michael Heise talk about the consequences of this decision for the global markets and the economy.
At the dawn of the Internet, many hoped that the cost of internal and external financial transactions would be reduced to the bare minimum. These hopes, it turns out, were too far-fetched. Could blockchain provide the solution?
Euler Hermes Group announced the appointment of Marita Kraemer and Ramon Fernandez to its Supervisory Board following today’s shareholders meeting in Paris. They respectively replace Clement B. Booth, member of the Supervisory Board since September 2009 who resigned at the end of this shareholders’ meeting, and Jean-Hervé Lorenzi, member of the Supervisory Board since November 2004, whose mandate expired.
In an interview with the German magazine Focus, Allianz SE Board of Management member Maximilian Zimmerer makes a compelling case for life insurance. As he explains the investment alternatives open to Europe’s biggest investor in this era of the European Central Bank’s (ECB) zero interest rate policy, Zimmerer offers the same advice he would give his daughters.
For the fifth year in a row, the Allianz online recruiting services are rated best in Europe and Asia. New communication channels add value: WhatsApp was introduced as an additional point of contact for applicants.
It’s simple math: competence – especially in finance – saves money. Ignorance, by contrast, costs dearly. There certainly is a lot of catching-up to do in the field of financial literacy, for kids and adults alike.
Startup FairFleet has developed an online platform customers can use to book drone pilots and their equipment. This “eye in the sky” makes it possible to optimize process and settle claims more quickly, even when disaster hits.
Allianz managed to secure a spot on the podium in a LinkedIn rating of 50 most influential financial services brands. With its mix of topics, including investments, risk management, HR, infographics and content from the company portal, Allianz ranks number 3.
New blood: Allianz SE has named two new members to its Management Board: Jacqueline Hunt (47), who was until recently responsible for Prudential's insurance business in the UK, continental Europe and Africa, and Günter Thallinger (44), CEO of Allianz Investment Management (AIM). Hunt, who will become the second woman on the Board after Helga Jung, will replace Jay Ralph (57) in July, while Thallinger will take the reins from Maximilian Zimmerer (57) with effect in January 2017.
Currently, 80 percent of people in developing countries are not covered by insurance. To improve this, Lebara and Allianz Group recently announced an insurance partnership to customers in emerging markets. We asked Martin Hintz, coordinator of Emerging Consumers to explain how this cooperation helps our new customers.
A new job abroad. A career step, an enormous effort for the family but also a life far away from old friends. Sooner or later, the question will pop up: “What happens if I become really sick over there?” This is where Allianz Worlwide Care comes into play.
At the EU summit last week, British Premier David Cameron reached an agreement with his EU peers on the renegotiated terms of Great Britain’s EU membership. The deal paved the way for the promised in-out referendum, which will now take place on June 23.
Mars announced recently that they are recalling millions of chocolate bars in 55 countries after small pieces of plastic were found. Christof Bentele, Head of Global Crisis Management at Allianz Global Corporate & Specialty (ACGS), explains why food recalls are on the rise and what the scale of the recall actually means.
Founded in 1996, Genialloyd was one of the first direct insurers on the Italian market. The Allianz subsidiary continued to set the bar in the digital age, exploiting and creating digital tools to gain new customers and increase their satisfaction. Its FastQuote, for example, has already been rolled out in more than 25 Allianz entities worldwide. Allianz.com spoke with Leonardo Felician, CEO of Genialloyd SpA since 2009, to gain some of his insights.
Central banks in Europe and Japan have pushed short-term rates into negative terrain, meaning they are charging banks that leave money on deposit with them. Ms. Yellen, Chairwoman of the US Federal Reserve Bank, said she didn't think the Fed would need to do this, but it should be prepared if the economy sinks and such a step is needed. Prominent bond managers like PIMCO answered that they think negative interest rates won’t work. In his most recent book, „The Only Game in Town”, Mohamed A. El-Erian, Chief Economic Advisor Allianz SE, discusses the role of central banks. Here are his thoughts on what is happening.
Allianz brand tops the Insurance Top 50 ranking for third year in a row / Allianz is the only insurer to rank amongst the world’s 50 strongest brands in 2016 / Brand value of Allianz at 18.6 billion euros, up 8.1 percent from 2015
While other countries are still struggling with the how’s and when’s of public private partnerships (PPPs), the United Kingdom has a long and successful history of attracting private sector investment in infrastructure. Christian Fingerle, Chief Investment Officer and responsible for infrastructure investments at Allianz Capital Partners, explains what makes the UK such an attractive choice for investors.
The consequences of the UK leaving the EU would weigh heavily on both sides. From a loss of competitiveness of UK products due to reindustrialization to job losses. Ana Boata, economist at Euler Hermes, explains the impact of a Brexit – for the UK as well as for the EU.
“We want to be sure that people who, looking for safety, have had to flee their home country due to war or political persecution can be insured in Germany until they find permanent residence. At the same time, we also want to protect our citizens in the event of damage unintentionally caused by the refugees,” says Alexander Vollert, member of the Board of Management of Allianz Deutschland.
Elizabeth Corley to step back as CEO of AllianzGI and to take on newly created non-executive role of Vice Chair for the firm / AllianzGI to maintain its co-head structure with George McKay joining Andreas Utermann in leading the firm / Andreas Utermann to become CEO as well as Global CIO; whereas George McKay to become Co-head responsible for Distribution, Global Solutions and COO Functions
136 trillion euros in private assets worldwide: the figure reported by the Allianz Global Wealth Report sets a new record. But the gulf between the rich and the poor is becoming wider and wider. Michael Heise, Chief Economist at Allianz, explains which areas we have to invest in and what countries have to do to ensure that today's middle class does not become tomorrow's lower class.
According to the 'Best global brands' ranking provided by Interbrand, the Allianz brand value has increased by ten percent since last year. Christian Deuringer, director of Global Brand Management, talks about what this ranking really means and what Allianz will do to continue scoring more points in the future.
After politicians avoided, at least for now, a Grexit – the exit of Greece from the Eurozone – the specter of a Brexit – the exit of Great Britain from the EU - has started haunting minds all over the globe. The British Government has planned a referendum to decide whether or not the United Kingdom should remain in the European Union. Mohamed A. El-Erian and Michael Heise give their all clear: Brexit is not likely, the consequences of a breakup would be devastating for the island.
The latest move by the People´s Bank of China (PBoC) to devalue the Renminbi (RMB) by almost 2% remarks the biggest daily deprecation since 1994. While surprised by many investors, the exchange rate reforms are complementary with ongoing capital account liberalization measures. However, from this perspective, the RMB exchange rate will be more market-oriented going forward, and the volatility of the RMB – both in the onshore (CNY) and in the offshore (CNH) FX rate – will pick up in the current market conditions.
Jul 20, 2015 |
After six years of sluggish growth, are another six years about to follow? Michael Heise and Mohamed A. El-Erian comment on a worst case scenario, what has gone wrong in generating economic growth and what could be done instead. More...
Jul 15, 2015 |
Captain Rahul Khanna, Global Head of Marine Risk Consulting for Allianz Global Corporate & Specialty, explains why the shipping industry lagged behind others in tackling environmental problems, and how it’s handling the shift to cleaner fuels. More...
Andreas Lindner explains why people need more opportunity-oriented investments and how Allianz’s new “KomfortDynamik” pension concept for the German market can help. Lindner is responsible for capital investments at Allianz Leben in Germany.
By heeding their government's advice and voting "No" in the referendum on Sunday, Greek citizens sent an unambiguous message. Much like the fictional Americans portrayed in the movie “Network” who threw open their windows and shouted out, “I'm as mad as hell and I'm not going to take this anymore,” the Greeks are demanding that the rest of Europe acknowledge their distress.
Allianz is committed to diversity and career development for women. The company has set itself the target to increase the percentage of women in its global talent pools for top management positions to 30 percent until year-end 2015. In the following interviews female top managers of Allianz Group share their personal insights.
What would the implications of a “Grexit” be for the eurozone and for Greece? Allianz’ Chief Economist Michael Heise explains why a return to the drachma would be an economic disaster and why the eurozone will remain intact.
By 2023 three times more e-bikes on Europe's streets, +27 per cent across the globe / Largest market for e-bikes is China (85 per cent) / Bike-sharing already an environmentally-friendly alternative for already over 700 cities
The word "protectionism" sounds horribly outdated and very 19th century. Nevertheless, the 800 trade barriers introduced by a number of countries over the last year show that a trend is starting to develop in this connection. Ludovic Subran, Chief Economist at Euler Hermes, reveals the top ten countries for trade barriers and explains the consequences for the economy, comparing the phenomenon with a feast that not everyone is invited to.
Allianz Digital Accelerator: This is where a lot of apps, websites and new business models are being created to bring Allianz into the digital age. Managing Director of Allianz Digital Accelerator Sebastian Sieglerschmidt talks about his freedom to act, Miles and More for safe driving, and the next big thing on the Internet.
Most people have given up any hope of being able to live off their state pension alone. However, regularly investing money in shares is a good way to build up your savings. What is more, entire stock market indices, such as the DAX, MSCI Europe or CAC40, could be in the hands of the working population if they made regular investments. Hans-Jörg Naumer, Head of Capital Markets at Allianz Global Investors, on more sustainable income in old age, and the power of a savings plan.
The general assembly of Insurance Europe has unanimously voted to extend the mandate of Sergio Balbinot as president for a further three years. The mandate of Balbinot had been due to expire in 2015. Balbinot is a member of the management board of Allianz SE, and he is also responsible for southern and western Europe and Africa.
Over the last four years, the 30 DAX companies were able increase the share of women in leadership positions in Germany - this is also the case for Allianz. Werner Zedelius, Member of the Board of Management of Allianz SE, explains, why Allianz will continue to make an effort in this area.
“I could imagine becoming an unofficial quality control manager of South African red wine after my retirement”, says Ron Buchan, CEO of Allianz Worldwide Care (AWC) in Ireland with a smile on his face. After 40 years of working life Ron will retire with almost 16 years spent at Allianz. In Allianz Worldwide Care, the international health division of Allianz Worldwide Partners, Ron and his team have built one of the most successful insurance providers of international health, life and disability solutions. Ron tells us about the most emotional moment in his career, why now is the right time to retire and what he will not miss after having retired.