Latest Allianz Stories

By Conrad de Aenlle Europeans who spend their careers in more than one country may wonder if the treaties safeguarding the free movement of people and money have an asterisk in the fine print about pensions. With the regulations of retirement systems, and especially the taxation of private pensions, varying from one member state to another, just how likely is it that peripatetic citizens of the European Union will get a fair shake? Tax breaks on contributions to corporate and personal...

Germany's Commerzbank shares slump after Dresdner deal BERLIN, Sept. 1 (Xinhua) -- Shares of Germany's Commerzbank AG dropped sharply on Monday at the Frankfurt Stock Exchange after it agreed with Dresdner Bank on a merge deal a day earlier. The share price of the Frankfurt-based Commerzbank stock slumped 10.85 percent to 17.91 euros (26.1 U.S. dollars) in Frankfurt Stock Exchange at 16:25 local time (15:25 GMT), while that of Dresdner Bank also slipped by 2.11 percent at 63.45 euros...

By Sean Farrell Commerzbank plans to shed 1,200 jobs in London as it agrees to buy out Dresdner for EUR 8.8bn THE CITY is bracing itself for a further redundancies as Commerzbank prepares to cut more than half its workforce at Dresdner Kleinwort's London operation in its takeover of its German rival. Commerzbank plans to slash up to 1,200 London jobs at Dresdner in businesses such as trading as well as in support functions. About 2,000 of Dresdner Kleinwort's 5,500 staff are employed in...

Allianz All Net, the international employee benefits network of Allianz, has teamed up with American insurer The Hartford to further expand its worldwide capabilities and distribution network. Allianz believes that it can further optimize its services for international corporate clients with locations in the US, through the partnership. With this co-operation, Allianz responds to the steadily rising demand for worldwide death, disability, accident, and longevity coverage. Dirk Hellmuth,...

NEW YORK (Reuters) - A U.S. appeals court on Thursday overturned a ruling that had stopped Holocaust survivors from seeking more money from a fund set up by German companies to compensate victims of forced and slave labor in World War Two. Law firm Cohen, Milstein, Hausfeld & Toll said a lower court had deemed the dispute a political or diplomatic matter out of reach of U.S. courts, but the 3rd U.S. Circuit Court of Appeals now ruled that U.S. legal action could go ahead. According to...

NEW YORK (Reuters) - Six female employees filed a $1.4 billion class-action lawsuit against Dresdner Kleinwort Wasserstein in federal court on Monday, alleging women at the German investment bank are treated unfairly. According to the lawsuit, filed in U.S. District Court in Manhattan, women in Dresdner's New York and London offices are barred from top jobs, do not receive the same pay as their male colleagues, and are subjected to a hostile work environment, among other things. In...

By Jeremy Gaunt and Tom Burroughes LONDON, June 28 (Reuters) - Allianz Group, one of theworld's largest financial conglomerates, called on Tuesday forGroup of Eight leaders to come up with a clearer policy onclimate change so business can adapt to a global threat. It said its industry needed long-term goals for reducingcarbon dioxide emissions. Ahead of a G8 meeting in Scotlandnext week, the German insurance, banking and investment giantunderlined its concerns by saying it would screen all...