There’s an unusual asset up for grabs in Century 21 Stores’ going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for bankruptcy in September, claims it’s owed more than $175 …
Allianz SE’s Pacific Investment Management Co. was sued by a pair of female workers who allege the money manager operates as a fraternity that favors white males. Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach office, say …
The U.K. regulator has a message for insurers facing a likely deluge of coronavirus-related claims: play fair. Customers have found themselves in unprecedented difficulties as businesses the world over shut down or change how they operate, and insurers must also …
The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into …
A record year for natural disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend. Europe’s biggest insurer will increase the dividend for 2017 by 5.3 percent to 8 …
Allianz SE, Europe’s biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ($1.48 billion) from 1.61 billion euros a year earlier, the …
Germany’s Allianz SE is to buy part of Italian insurer UnipolSai’s property/casualty insurance business in a deal worth up to 440 million euros ($612 million). Allianz said in a statement late Saturday that the business had premiums last year of …
Insurance company Allianz SE says net profit almost doubled last year as losses on Greek bonds no longer weighed down its results. The Munich-based company said Thursday its basic insurance business also improved, suffering lower losses on natural catastrophes and …