by AIP Online Bureau | Jun 14, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
Strikes, riots and violent protest movements pose risks to companies because in addition to buildings or assets suffering costly material damage, business operations can also be severely disrupted with premises unable to be accessed, resulting in loss of income. In...
by AIP Online Bureau | Jun 4, 2022 | International News, Non-Life, Reinsurance
The partial sale would result in a 400 million euro ($429.80 million) hit to Allianz’s net profit, the company said. Companies have been scrambling to shed assets in Russia since the invasion, which Russia has called a “special operation.” The insurer Allianz said on...
by AIP Online Bureau | May 31, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life, Reinsurance
“There is no clear scientific consensus on whether climate change will result in a net increase in the frequency of tropical storms,” explains Bastian Manz, Senior Climate Risk Analyst at Allianz Re London/New York/Singapore; The hurricane season in the Atlantic basin...
by AIP Online Bureau | May 17, 2022 | International News, Wealth Management/ Philanthropy
According to court papers, Allianz Global Investors US LLC will plead guilty to a securities fraud charge, while the payout includes a $2.33 billion fine, $3.24 billion of restitution and $463 million of forfeiture Germany’s Allianz SE will pay about $6 billion...
by AIP Online Bureau | May 12, 2022 | International News, Wealth Management/ Philanthropy
The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a long shadow over Germany’s most valuable financial firm and one of the world’s largest asset managers The collapse of the funds has been under...
