allianz

Retail Asia22/11/2021

Deutsche Bank’s supervisory board committee supported the nomination of a new chairman, formerly from Dutch insurance firm Aegon. The supervisory board committee fully backed the nomination of Alexander Wynaendts as the German lender’s new chairman and he now awaits the appointment to be confirmed by shareholder votes in May, according to a report citing an internal memo. If successful, […]

Retail Asia05/11/2021

The Asia Pacific unit of Allianz has named a new chief executive officer to succeed Solman Altin, who has decided to leave the firm after first joining 13 years ago. Anusha Thavarajah has been named regional CEO of Allianz Asia Pacific, according to a statement. In her new role, Thavarajah has been tasked with delivering long-term […]

Retail Asia27/07/2021

The firm has signed an agreement to acquire an Indonesia-based asset manager, where it aims to create an on-the-ground, market-leading setup to grow its footprint. Allianz Global Investors (Allianz GI) has announced plans to acquire Indonesia’s RHB Asset Management from shareholders RHB Banking Group and RHB Sekuritas Indonesia, according to a statement on Monday. RHBAM had $480 […]

Retail Asia15/03/2021

The investment will be used to finance WeLab’s further expansion and, in particular, enable the ongoing development of its technological platform. Allianz X, the digital investment unit of Allianz, has joined the Series C funding round for WeLab, with a $75 million investment, it announced in a statement this week. The investment aims to enable […]

Retail Asia20/01/2020

Based in Shanghai, the China holding company will support the German insurer’s growth ambitions in the country as it aims to play a larger role in China’s insurance sector and grow with the market. Global insurer Allianz has opened China’s first fully foreign-owned insurance holding company, the firm announced in a statement on Thursday. Allianz […]

Retail Asia24/05/2019

Firm expands partnership with Sri Ayudhya Capital to enhance local market presence and accelerate growth in Thailand. Allianz has acquired a 19.21-percent stake in Thailand’s Sri Ayudhya Capital (AUYD) to become its largest shareholder, the German insurer and asset manager announced in a press release. As part of the deal, Allianz General Insurance will be renamed Allianz […]

Retail Asia10/07/2018

The property investment arm of German financial services giant Allianz expects China to soon account for up to half of its Asia-Pacific fund allocation, up from the current 40 per cent, with a focus on the new economy and logistics sectors. Rushabh Desai, its Asia-Pacific chief executive, revealed on Monday the insurer and asset manager […]

Retail Asia30/05/2018

Allianz Malaysia Bhd’s net profit for the first quarter ended March 31, 2018 jumped 29.9% to RM87.23 million from RM67.17 million a year ago, due mainly to higher contribution from both general and life insurance segments. Its revenue grew 5.2% to RM1.27 billion compared with RM1.21 billion in the previous year’s first quarter, thanks to […]

Retail Asia20/11/2017

A US$750 million fund to finance premier outlet malls in China has been set up by asset manager Allianz and realty investor TH Real Estate. The Eres APAC II – China Outlets fund will be established by the Allianz real-estate investment arm Allianz Real Estate. It aims initially to raise the target commitments ($750 million) […]

Retail Asia26/08/2016

Allianz is hoping the agreement will give access to Maybank’s 4 million customers in Asia. The insurer said it has jointly developed three life insurance products with Maybank which includes a unit-linked life insurance product compliant with Islamic Shariah law, a single-premium investment product and a life policy which combine protect with investment. “This partnership […]

Retail Asia12/04/2016

China’s Anbang Insurance Group Co. reached a deal to buy the South Korean operations of Germany’s Allianz SE, just days after it walked away from a $14 billion bid for Starwood Hotels & Resorts Worldwide Inc. Anbang has exploded onto the international scene in recent years by spending billions to acquire insurers and hotels throughout […]

Retail Asia04/09/2015

The European markets ended Monday’s session in negative territory, as renewed concerns over China weighed on investor sentiment. Concerns over the upcoming snap elections in Greece and the likelihood of a near-term U.S. interest rate hike also contributed to the negative mood at the start of the new trading week. The Financial Times reported that […]

Tag: allianz

Deutsche Bank Backs Nomination of Ex-Aegon Chief as Chairman

Allianz Asia Pacific Appoints CEO

Allianz Global Investors to Grow Indonesia Presence

Allianz Partners Hong Kong Fintech Expansion

Allianz Opens Insurance Holding in China

Allianz Completes Strategic Partnership Deal in Thailand

Allianz Real Estate aims to raise China investment in new economy, logistics

Allianz Malaysia Q1 earnings rise 30% to RM87m

Premier outlet malls to receive some financing

Allianz secures distribution rights with Malaysia’s Maybank

Anbang to buy Allianz’s South Korean operations

European Markets Dropped On Renewed China Worries