Allianz
Middle East | 12 Aug 16
Axa, Allianz report profits boost in Saudi Arabia
Axa and Allianz have seen a boost in profits out of their operations based in Saudi Arabia, according to data published by the Kingdom’s market intelligence firm Argaam.
In China, passive outdoes active
Over the trailing three years, more passive China equity funds than actively-managed ones had returns of 20% or more, according to FE data.
People Moves | 26 May 16
PEOPLE MOVES: Architas, Julius Baer, AllianzGI
Architas has named a Barclays managing director and chief investment officer as its new chief investment officer, while Julius Baer has added an executive director to its Guernsey team. AllianzGI is strengthening their alternatives pillar, with L&G bidding farewell to its chairman.
Allianz sells S. Korean life insurance and investment arms
Allianz has agreed to sell its South Korean life insurance unit and Allianz Global Investors Korea to China’s Anbang Insurance Group.
Allianz to sell €4.5bn cache of Italian life policies
Insurance giant Allianz is looking to sell a portfolio of life insurance policies in Italy worth €4.5bn ($5.09bn, £3.6bn) as it struggles to cope with rock-bottom interest rates, Reuters has reported.