Allianz http://www.globalpost.com/taxonomy/term/25093/all en PREVIEW-Can Generali's Greco wake up Italy's sleeping giant? http://www.globalpost.com/dispatch/news/thomson-reuters/130110/preview-can-generalis-greco-wake-italys-sleeping-giant <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Generali holds investor day in London Jan. 14</p> <p>* New CEO Greco expected to shed light on path to growth</p> <p>* Company is planning asset sales</p> <p>* Shares have outperformed sector since Greco's arrival</p> <p>By Lisa Jucca</p> <p>MILAN, Jan 9 (Reuters) - Generali's boss Mario Greco next week unveils an eagerly-awaited road map to put Europe's third-biggest insurer on a path to profits via asset sales and a greater focus on its core business.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/preview-can-generalis-greco-wake-italys-sleeping-giant" target="_blank">read more</a></p> Allianz Insurance Mario Greco Types of insurance Thomson Reuters Thu, 10 Jan 2013 15:15:25 +0000 5732662 at http://www.globalpost.com Allianz says net profit doubled in 2012 http://www.globalpost.com/dispatch/news/afp/130221/allianz-says-net-profit-doubled-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German insurance giant Allianz said Thursday its net profit more than doubled last year as it shrugged off the worst of the financial crisis.</p> <p>Allianz said in a statement its net profit amounted to 5.169 billion euros ($6.8 billion) last year, up from 2.545 billion euros a year earlier.</p> <p>The 2011 figure had been impacted by writedowns on Allianz's holdings in Greek sovereign debt and investments, the insurer explained.</p> <p>But underlying or operating profit also increased, rising by 20.8 percent to 9.5 billion euros on a 2.7-percent rise in revenues to 106.4 billion euros.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130221/allianz-says-net-profit-doubled-2012" target="_blank">read more</a></p> Allianz Allianz Diekmann Disaster Economy of Germany Entertainment AFP Thu, 21 Feb 2013 08:16:40 +0000 5761817 at http://www.globalpost.com Allianz says net profit doubled in 2012 http://www.globalpost.com/dispatch/news/afp/130221/allianz-says-net-profit-doubled-2012-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German insurance giant Allianz said Thursday its net profit more than doubled last year as it shrugged off the worst of the financial crisis.</p> <p>Allianz said in a statement its net profit amounted to 5.169 billion euros ($6.8 billion) last year, up from 2.545 billion euros a year earlier.</p> <p>The 2011 figure had been impacted by writedowns on Allianz's holdings in Greek sovereign debt and investments, the insurer explained.</p> <p>But underlying or operating profit also increased, rising by 20.8 percent to 9.5 billion euros on a 2.7-percent rise in revenues to 106.4 billion euros.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130221/allianz-says-net-profit-doubled-2012-0" target="_blank">read more</a></p> Allianz Allianz Disaster Economy of Germany Entertainment Germany AFP Thu, 21 Feb 2013 08:45:14 +0000 5761840 at http://www.globalpost.com Allianz eyes stable or slightly higher 2013 net profit http://www.globalpost.com/dispatch/news/afp/130315/allianz-eyes-stable-or-slightly-higher-2013-net-profit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German insurance giant Allianz expects its net profit to be stable or slightly higher this year as well as in 2014, according to its annual report published Friday.</p> <p>The group also said it expected 2014 operating profit to improve compared with 2013, when it is due to reach around 9.2 billion euros ($11.9 billion).</p> <p>Announcing its annual results last month, the group had only expressed cautious optimism for 2013 and had forecast an annual operating profit of between 8.7 and 9.7 billion euros.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130315/allianz-eyes-stable-or-slightly-higher-2013-net-profit" target="_blank">read more</a></p> Allianz Net profit AFP Fri, 15 Mar 2013 09:30:27 +0000 5784272 at http://www.globalpost.com PIMCO cuts euro exposure as investors decry Cyprus bailout plan http://www.globalpost.com/dispatch/news/thomson-reuters/130319/pimco-cuts-euro-exposure-after-cyprus-deposit-levy-plan <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Chris Vellacott and Martin de Sa'Pinto</p> <p>LONDON (Reuters) - A demand that Cyprus seize money from depositors to help rescue the island's banks is a wake-up call for those who believed the euro zone crisis was solved, institutional investors and hedge funds said.</p> <p>One of the world's biggest money managers, PIMCO, has already reduced its euro currency allocations in response to the planned levy unveiled at the weekend, a senior executive told Reuters on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130319/pimco-cuts-euro-exposure-after-cyprus-deposit-levy-plan" target="_blank">read more</a></p> Allianz Economic history Economics Euro Financial economics PIMCO Technology Thomson Reuters Tue, 19 Mar 2013 17:15:53 +0000 5787950 at http://www.globalpost.com Swiss Life shares rise on bid speculation -traders http://www.globalpost.com/dispatch/news/thomson-reuters/130326/swiss-life-shares-rise-bid-speculation-traders <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - Shares in Swiss Life &lt;SLHN.VX&gt; add 2.3 percent in heavy volume, the top gainer in the European insurance sector &lt;.SXIP&gt; on Tuesday, with traders citing speculation of a possible bid from Germany's Allianz &lt;ALVG.DE&gt;.</p> <p>"Allianz interested in Swiss Life - old rumour being rehashed in Switzerland it seems," said a Paris-based equity trader.</p> <p>Allianz and Swiss Life both declined to comment.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130326/swiss-life-shares-rise-bid-speculation-traders" target="_blank">read more</a></p> Allianz Thomson Reuters Tue, 26 Mar 2013 10:45:19 +0000 5794073 at http://www.globalpost.com Allianz buys Turkish insurer for 684 mn euros http://www.globalpost.com/dispatch/news/afp/130327/allianz-buys-turkish-insurer-684-mn-euros <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German insurance giant Allianz said Wednesday it has agreed to buy Turkish property and casualty insurer Yapi Kredi Sigorta in a bid to become the biggest insurance group in Turkey.</p> <p>Allianz said in a statement it will acquire a 93.9-percent stake in Yapi Kredi Sigorta for 684 million euros ($879 million).</p> <p>The acquisition is part of a long-term cooperation agreement with Turkey's fourth-biggest private bank Yapi Kredi, the German group explained.</p> <p>The deal will also cover the life and pension subsidiary Yapi Kredi Emeklikik.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130327/allianz-buys-turkish-insurer-684-mn-euros" target="_blank">read more</a></p> Allianz Yapı ve Kredi Bankası AFP Wed, 27 Mar 2013 07:31:04 +0000 5795026 at http://www.globalpost.com Allianz strikes $883 million deal to be top Turkish insurer http://www.globalpost.com/dispatch/news/thomson-reuters/130327/allianz-strikes-883-million-deal-be-top-turkish-insurer <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Jonathan Gould and Ludwig Burger</p> <p>FRANKFURT (Reuters) - Europe's biggest insurer Allianz &lt;ALVG.DE&gt; has secured the top spot in Turkey's fast-growing insurance market by agreeing to buy Yapi Kredi Sigorta &lt;YKSGR.IS&gt; for about 1.6 billion Turkish lira ($883 million, £584.2 million).</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130327/allianz-strikes-883-million-deal-be-top-turkish-insurer" target="_blank">read more</a></p> Allianz Allianz Business Financial economics Investment Social Issues Thomson Reuters Wed, 27 Mar 2013 11:45:33 +0000 5795199 at http://www.globalpost.com Allianz strikes $883 million deal to be top Turkish insurer http://www.globalpost.com/dispatch/news/thomson-reuters/130327/allianz-strikes-883-million-deal-be-top-turkish-insurer-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Jonathan Gould and Ludwig Burger</p> <p>FRANKFURT (Reuters) - Europe's biggest insurer Allianz &lt;ALVG.DE&gt; has secured the top spot in Turkey's fast-growing insurance market by agreeing to buy Yapi Kredi Sigorta (YKS) &lt;YKSGR.IS&gt; for about 1.6 billion Turkish lira ($883 million, £584.5 million).</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130327/allianz-strikes-883-million-deal-be-top-turkish-insurer-0" target="_blank">read more</a></p> Allianz Allianz Business Financial economics Investment Social Issues Thomson Reuters Wed, 27 Mar 2013 14:30:54 +0000 5795321 at http://www.globalpost.com Allianz in talks to buy naming rights for Brazil football stadium http://www.globalpost.com/dispatch/news/thomson-reuters/130417/allianz-talks-buy-naming-rights-brazil-football-stadium <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SAO PAULO (Reuters) - Allianz SE &lt;ALVG.DE&gt;, Europe's biggest insurer, is in talks to buy the naming rights to a football stadium under construction in Brazil's largest city Sao Paulo, in what may become the first major football sponsorship deal in the country hosting the World Cup next year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130417/allianz-talks-buy-naming-rights-brazil-football-stadium" target="_blank">read more</a></p> Allianz Sociedade Esportiva Palmeiras Sport Club Corinthians Paulista Thomson Reuters Thu, 18 Apr 2013 02:45:03 +0000 5818919 at http://www.globalpost.com Allianz confirms targets after good Q1 http://www.globalpost.com/dispatch/news/afp/130507/allianz-confirms-targets-after-good-q1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German insurance giant Allianz said on Tuesday it was holding to its full-year targets even though profits rose in the first three months.</p> <p>"We are well on our way toward achieving our operating profit outlook for the entire year," said chief executive Michael Diekmann in a short statement.</p> <p>"Despite the good results in the first quarter, in view of the existing market risks, the management board sees no need for an adjustment of our outlook for fiscal year 2013," he said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130507/allianz-confirms-targets-after-good-q1" target="_blank">read more</a></p> Allianz AFP Tue, 07 May 2013 07:45:42 +0000 5832291 at http://www.globalpost.com Allianz says full-year profits will hit target http://www.globalpost.com/dispatch/news/afp/130802/allianz-says-full-year-profits-will-hit-target <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German insurance giant Allianz said on Friday it expects full-year profits to come in at the top of its forecast range after a "healthy" second quarter when net profit rose by a quarter. </p> <p>"In view of our good half-year results, we are maintaining our operating profit outlook for 2013 of 9.2 billion euros ($12.2 billion), plus or minus 500 million euros," said chief executive Michael Diekmann.</p> <p>"Although based on our current projections we see the figure more toward the upper end of this range," he added. </p> <p>In 2012, Allianz booked operating profit of 9.5 billion euros. </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130802/allianz-says-full-year-profits-will-hit-target" target="_blank">read more</a></p> Allianz Allianz group Disaster Economy of Germany Net profit AFP Fri, 02 Aug 2013 10:35:47 +0000 5900851 at http://www.globalpost.com Allianz in exclusive talks with IBM on IT outsourcing http://www.globalpost.com/dispatch/news/thomson-reuters/131015/allianz-exclusive-talks-ibm-it-outsourcing <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FRANKFURT (Reuters) - Allianz has entered into exclusive negotiations with IBM to outsource large parts of its in-house information technology services, the German insurer said on Tuesday.</p> <p>Allianz plans integrate its internal networks and global data centers into what it calls the Allianz Private Cloud by the end of 2017, in a move that will cut the number of data centers to six from 140 currently, the insurer said in a statement.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131015/allianz-exclusive-talks-ibm-it-outsourcing" target="_blank">read more</a></p> Allianz Computing Technology Thomson Reuters Tue, 15 Oct 2013 15:16:28 +0000 5961468 at http://www.globalpost.com Pimco Total Return increases U.S. government debt in October: Pimco http://www.globalpost.com/dispatch/news/thomson-reuters/131112/pimco-total-return-fund-adds-us-government-debt-october <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>NEW YORK (Reuters) - The Pimco Total Return Fund, the world's largest bond fund, increased its holdings of Treasuries and other U.S. government-related securities in October, data from the firm's website showed on Tuesday.</p> <p>The fund, which has $248 billion in assets and is run by Pimco co-founder and co-chief investment officer Bill Gross, increased those holdings to 37 percent in October from 35 percent in September.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131112/pimco-total-return-fund-adds-us-government-debt-october" target="_blank">read more</a></p> Allianz Bill Gross PIMCO Technology Thomson Reuters Wed, 13 Nov 2013 03:12:57 +0000 5987639 at http://www.globalpost.com Allianz Life Insurance pushes to cut jobs http://www.globalpost.com/dispatch/news/yonhap-news-agency/131128/allianz-life-insurance-pushes-cut-jobs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, Nov. 29 (Yonhap) -- In the first move of its kind in a decade, Allianz Life Insurance Korea Co., a local arm of German insurance giant Allianz Group, is pushing for a voluntary retirement program in an attempt to cut costs, officials familiar with the matter said Friday.</p> <p>Lee Myung-jae, head of Allianz Life Insurance Korea, made his case for cutting jobs earlier this week in a statement, noting the company has to restructure itself for survival, according to the officials.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/131128/allianz-life-insurance-pushes-cut-jobs" target="_blank">read more</a></p> Allianz Business Financial economics Financial institutions Labor Law Yonhap News Agency Fri, 29 Nov 2013 04:01:24 +0000 6003389 at http://www.globalpost.com