By Leonidas Stergiou Recent developments are expected to be immediate and concern the acquisition of European Loyalty by Allianz. According to market information and executives who are able to know, the boards of the two companies are one step ahead of the signing of the agreement that provides for the acquisition of European Loyalty by […]
Tag: Allianz
Allianz Risk Barometer 2022: Cyber-risks are the top business risk worldwide
Cyber ​​risks are the biggest concern for companies worldwide in 2022, according to the Allianz Risk Barometer. The threat of ransomware attacks, data breaches or major IT outages worries companies even more than business and supply chain disruptions, natural disasters or the Covid-19 pandemic, which have greatly affected companies in the past. year. Cyber ​​incidents […]
Allianz: Increases dividend distribution by 5% each year from 2021
German insurance company Allianz said on Friday it would increase its dividend by 5% a year from 2021 as it boosted its medium-term outlook, citing progress in restructuring its business strategy. Allianz says it will distribute half of its profits to shareholders, which it expects to grow by 5-7% each year from 2022-2024, as it […]
CEO Allianz: The financial world is becoming more risky, not safer
Allianz CEO Oliver Baete said the financial world was becoming more dangerous, not safer. Baete, who oversees one of the world’s largest insurance and asset management groups, spoke of high valuations in the automotive and technology sectors, “accidents” such as the Greensill and Archegos collapses, and a weaker banking regulatory framework. “All the lights in […]
Allianz: Upgrades estimates for full year, announces record earnings in quarter
Allianz upgraded its full-year estimates to a 2.3% higher-than-expected third-quarter net profit as German insurance emerged from pandemic pressures. The company expects operating profits in 2021 to be close to 13 billion euros, higher than previous estimates for 12-13 billion euros. Last year, the insurance company abandoned its profit target due to the financial uncertainty […]
