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The Latest Breaking News from Allianz

Top Economist El-Erian Says 'Only Part Of Drama Has Come To Light So Far' In 'Incredible' FTX Saga

Allianz chief economic adviser and noted economist Mohamed El-Erian believes the whole FTX saga is incredible and that only part of it has come to light so far.

Benzinga

Some workers halt 401(k) plan contributions to cope with inflation

More than half of American workers have cut or stopped contributing to their retirement savings plans to cope with soaring prices and 40-year-high inflation rates.

Tribune News Service

Paralympian gold medalist Ellen Keane launches new podcast exploring the world of disability

The ‘D-Word’ will explore the world of disability through conversations with leaders in their field who live with a disability or are involved in the disabled community

Irish Mirror

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Global wealth to decline more than 2% in 2022, new report says

"In real terms, households will lose a tenth of their wealth."

Axios

Souths confirm NRL Homebush stay in 2023

South Sydney have confirmed they won't be moving to Allianz Stadium for the 2023 NRL season, instead remaining at Accor Stadium.

AAP

Dad missed son's wedding after 'life-threatening allergy from being served wrong meal'

Andrew Hunneybel was over-the-moon to celebrate one of his son's big day in Essex but he was left struggling to breathe and ended up missing out on the big day after he suffered a life-threatening allergic reaction

Daily Mirror

Dad missed his son's wedding after allegedly being served 'wrong meal' and ending up in hospital

The events company said it is investigating

Wales Online

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Amid the grandstanding, Sydney’s new stadium leaves same issues unresolved

The Allianz Stadium has been rebuilt at a cost of $800m but the harbour city still lacks the right grounds in the right places

The Guardian - AU

Americans prioritizing travel, using more vacation days

A new study found that Americans are claiming their paid vacation days and making time to travel a priority.

Tribune News Service

Nowhere to Hide: ZhongAn Hammered by Stock and Bond Bloodbaths

Key Takeaways: ZhongAn warned that it lost as much as 750 million yuan in the first half of 2022, reversing a year-ago profit, due to a drop in its investment income and foreign-exchange losses The digital insurer made its first-ever underwriting profit last year, but its profitability still depends heavily…

Benzinga

Senator David Pocock calls for change as more small business owners find they don't have proper home insurance

ACT independent senator David Pocock has taken up the cause of small and micro business owners who have found their pursuits can void their home and contents insurance.

ABC News

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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Benzinga

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…

Newsroom.co.nz

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

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Reuters

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.

StockNews.com

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…

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