Allianz AG News

CSRwire.com - Berlin, Germany - 1st July 2009 - G8 countries have so far failed to take sufficient action to protect the world against climate change.

Canada has fallen to last place in the latest G8 Climate Scorecard, after the United States moved up in the annual rankings based on recent climate initiatives announced by the Obama administration.

Pension fund Allianz penzijni fond will add a 3 percent yield to client deposits for last year, against a 3.05 percent yield for 2007, the fund told CTK on Tuesday, adding that the yield for this year was approved at a general meeting of shareholders on Tuesday.

Bussmann will report directly to SAP Executive Board member Erwin Gunst and will be responsible for SAP's cross-departmental IT function, and support the company's strategic objectives.

Allianz SE doesn t rule out acquisitions in developing countries and expects growth in China to continue.

Allianz SE, the German investor in Hartford Financial Services Group Inc., is reporting that its net profit fell 98 percent in the first quarter, due mostly to charges on the sale of its Dresdner Bank unit and weaker business at its main insurance divisions.

AMSTERDAM/FRANKFURT: Writedowns and slumping investment income played havoc with earnings at Germany's Allianz and Dutch group ING, two top European insurers grappling with volatile equity markets.

ALLIANZ SE will continue to invest and expand in China despite the financial crisis, which has seen weaker demand for financial products, a senior executive said in Shanghai yesterday.

In the Budget 2009, the Government of Canada announced that it would be making funds available to create additional capacity in the domestic credit insurance market.

German insurance company Allianz SE said Wednesday its first quarter net profit fell sharply, largely as a result of the sale of its Dresdner Bank unit.

Allianz SE and American Express Co. sold a combined $1.9 billion of shares in Industrial & Commercial Bank of China Ltd.

Allianz is the market leader in the German insurance market and has a strong international presence.

Mumbai : Marking its foray into the mutual fund business, Bajaj Finserv, the financial services arm of Bajaj Group, today said it has entered into an agreement with Germany-based Allianz Global Investors to set up an asset management joint venture firm in the country.

Issued and Outstanding common shares: 66,367,770 TORONTO, April 14 /CNW/ - Armistice Resources Corp.

Pension funds and life insurers that manage more than $80 billion in Asia are shifting from stocks into government bonds, betting shares in the region will extend declines after a record drop last year.

Allianz Global Investors, the asset management arm of the German insurer and one of the world's largest fund houses, last week announced a 32 per cent drop in operating profits for 2008 compared with 2007.

U.S. sales of fixed annuities were an estimated $107 billion in calendar year 2008, up 60% from 2007, according to new data from the Beacon Research Fixed Annuity Premium Study.

HUNDREDS of bankers are suing for tens of millions of pounds in unpaid bonuses in a landmark case over City pay.

Eden Prairie china and dinnerware company Lenox Group Inc. has agreed to sell its assets to a group of its lenders and New York investment firm Clarion Capital Partners, several weeks after announcing that KPS ...

Allianz SE , Europea s biggest insurer by market value, gained in Frankfurt trading after reassuring investors about the strength of the companya s finances.