Allianz

Allianz posts record profit, calls Asia deals a ‘grand design’

Allianz is deepening its push into Southeast Asian wealth management after its investment arm agreed to acquire UOB United Overseas Bank Limited Asset Management for S$555 million (US$433 million), the second major Singapore deal announced by the German insurer in…

HSBC sells Singapore insurance unit to Allianz for $2.1 billion

HSBC Holdings has agreed to sell its Singapore life and health insurance business to Allianz for S$2.7 billion (approximately $2.1 billion), the bank announced on Wednesday, capping a months-long strategic review and bidding process for the unit.

Allianz Partners to cut up to 1,800 jobs as AI replaces call center roles

Allianz Partners will eliminate between 1,500 and 1,800 positions across Europe as the travel insurance subsidiary accelerates its adoption of artificial intelligence, CEO Tomas Kunzmann confirmed at an event in Munich on Tuesday evening.

Allianz warns climate change is making more assets uninsurable

As a deadly heat wave claims more than 1,300 lives across Europe, one of the world's largest insurers is warning that climate change is making a growing number of assets impossible to cover.

Allianz CIO warns SpaceX bond sale signals ‘bubble territory’

SpaceX completed a record $25 billion inaugural bond sale on Tuesday, less than two weeks after its historic initial public offering, as investor demand swelled to nearly $90 billion in orders — prompting one of Europe's top financial executives to…