Allianz SE (ALVG.DE)
Fri, Aug 3 2018
FRANKFURT, Aug 3 Allianz is on track to hit its 2018 profit targets, the German insurer said on Friday, after beating second-quarter net profit forecasts despite taking a hit on the sale of its Taiwanese life insurance portfolio.
FRANKFURT German insurer Allianz on Friday reported a 5-percent drop in second-quarter net profit from a year earlier, pulled down by the sale of its life insurance portfolio in Taiwan, but reaffirmed it's on track to meet 2018 profit target.
FRANKFURT, Aug 3 German insurer Allianz said on Friday that net profit fell 5 percent in the second quarter from a year earlier but confirmed it was on track to meet its 2018 profit target.
BEIJING The China unit of global insurance giant Allianz SE has been approved to double its registered capital with e-commerce giant JD.com Inc as the leading investor in a fresh round of fundraising.
BEIJING, July 25 The China unit of global insurance giant Allianz SE has been approved to double its registered capital with e-commerce giant JD.com Inc as the leading investor in a fresh round of fundraising.
FRANKFURT German insurer Allianz aims to simplify its product offering and will present a new business strategy in November, its Chief Executive Oliver Baete told a German newspaper.
* CEO rules out sale of German life insurance policies (Adds comments on jobs, run-off life insurance, background)
FRANKFURT, July 13 German insurer Allianz plans to present a new strategy in November as the company aims to simplify its product palette, its Chief Executive Oliver Baete told a German newspaper.
HONG KONG, July 9 The property investment arm of Germany's Allianz SE expects China to account for up to 50 percent of its Asia-Pacific fund allocation going forward from 40 percent now, with focus on the new economy and logistics sectors, a senior executive said.
FRANKFURT Recent volatility in financial markets will curb inflows this year into Allianz's asset management business, which includes U.S. bond giant Pimco, a board member told Reuters.