German insurance giant Allianz SE has reported a significant improvement of profit figures compared to a challenging second quarter, marked by recovery in all business segments, including its subsidiary Pimco. According to the insurer, year-on -year net income attributable to shareholders increased by 36.5% and total revenues by 0.5 % throughout the third quarter. Allianz […]
Second quarter income at German insurance giant Allianz SE almost halved, as the group faced a combination of higher claims from natural disasters as well as charges from the sale of its South Korea unit. According to the group, new income attributable to shareholders declined from €2.2bn to €1.1bn euros year on year, representing a […]
Third quarter profits at German insurer Allianz continue to be affected by outflows through its daughter Pimco, nevertheless, the group says it continues to stick with its full year target of €10bn operating profits, Allianz SE CFO Dieter Wemmer said. Total quarterly revenues were at €27.5bn, compared to €28.8bn yoy, representing a 4.3% decrease, while […]
Allianz SE has reduced its board of management to nine members, with board member Manuel Bauer resigning by mutual agreement, the group confirmed today. Bauer was responsible for Insurance Growth Markets, with his mandate originally due to expire at the end of 2015. His responsibility will now be split up among Sergio Balbinot, who will […]
Allianz Global Investors (Allianz GI) has come a long way. On the 125th anniversary of parent Allianz and three years afer the separation from Pimco,Tobias Pross (pictured) head of Distribution Europe and member of the European Executive Committee at Allianz GI discusses the challenges ahead. As a subsidiary of the originally German and now global insurance giant Allianz SE, Allianz GI […]
Schroders and BlackRock have each announced appointments from Germany’s RCM, the equities specialist within Allianz Global Investors.