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The Latest Breaking News from Allianz

Heatflation: How high temperatures drive up food prices

Soaring temperatures in Europe have impacted agricultural production and look set to have a knock-on effect on food costs. As warmer weather becomes the norm, will “heatflation” become a regular occurrence?

France 24

Allianz sets out plan to add 7m Asian customers

Allianz Asia Pacific aims to increase its customers to 18 million by 2025, up from 11 million, by expanding distribution channels and utilising digital solutions to enhance the efficiency of its services.

Bangkok Post

From $1900 to $13,200: Hunter homeowner's insurance premium pain

His annual premium was listed at $13,218 after paying $1936 the previous year.

Newcastle Herald

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Morning Brief: Top Financial Stories Dominating on Wednesday, May 18

CNBC Toyota Looks To Develop Hydrogen Mobility In Europe

Benzinga

German Insurer Allianz Agrees To $6B Fraud Settlement With US Authorities

German insurer Allianz SE (OTC:ALIZY) has agreed to a $6 billion settlement with U.S. authorities, the Financial Times reports. Allianz's investment arm will plead guilty to securities fraud after a scandal at its funds business left investors nursing billions of dollars worth of losses. The victims included teachers, clergy, bus drivers, and engineers,…

Benzinga

Germany's Allianz Sets Aside Additional $2B For Fund Fiasco: Reuters

Allianz SE (OTC:ALIZY) said it would set aside another €1.9 billion ($2 billion) as it braces for the outcome of U.S. regulatory investigations into a multibillion-dollar trading debacle at its fund's arm. The collapse of a $15 billion set of investment funds during the pandemic market turmoil in early 2020 has cast a…

Benzinga

Travel insurance and the curious Covid chemotherapy clause

As borders open and New Zealanders get back on planes, the way travel insurance companies explain their Covid-related travel disruption cover to their customers is coming under scrutiny

Newsroom.co.nz

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Germany's Allianz halts new business in Russia

The German insurer and asset manager Allianz said on Monday that it had put a stop to insuring new business in Russia and was no longer investing in the nation for its own portfolio.

Reuters

Allianz, Swiss Re join other financial firms in turning from Russia

Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their backs on Russia.

Reuters

4 Insurance Stocks to Buy for Rising Interest Rates in 2022

U.S. Treasury yields have been rising since the beginning of the year. This, along with expected Federal Reserve interest rate increases later this year, bodes well for the insurance sector. Given this backdrop, we think it could be wise to add quality insurance stocks Allianz SE (ALIZY), The Hartford Financial…

StockNews.com

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