Allianz Extends Contract of CEO Oliver Baete

Article 0 Comments The supervisory board of Allianz SE has decided to extend Oliver Baete’s contract as chairman of the board of management until September 2024. The original contract was to expire end of September 2019. “Under Mr. Baete’s leadership, Allianz has developed extremely well over the past three years. […]

Allianz’ Q3 Net Profit Surges 24% to €1.94B (US$2.2B)

Article 0 Comments Allianz is “highly likely” to reach the upper half of its 2018 profit target range, Chief Financial Officer Giulio Terzariol said as the German insurer cited lower costs and claims in its third quarter results on Friday. The group aims for full-year operating profit of 11.1 billion […]

Allianz Plans $1.16B Share Buyback Amid Abundance of Capital

Article 0 Comments Allianz SE plans to buy back as much as 1 billion euros ($1.16 billion) of its shares amid an abundance of capital and returns crimped by low interest rates. Europe’s biggest insurer will buy back as much as 41.5 million shares July 4 to Sept. 30 and […]

Allianz’ CEO Seeks Big M&A – But He Doesn’t Want to Pay for It: Opinion

Article 0 Comments The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into the job, and things are going well […]