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1 month ago | 
today.westlaw.com | Madeline Chambers |Alexander Huebner |Tom Sims |Matthias Williams
FRANKFURT (Reuters) -A consortium that includes Allianz, BlackRock and T&D Holdings are investing in Viridium Group in a 3.5 billion euro ($3.82 billion) deal that will see the private equity company Cinven exit as a majority investor, the companies...
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1 month ago | 
gurutrade.com | Alexander Huebner |Christoph Steitz |Kirsti Knolle |Jan Harvey
Audi has no U.S. factories, weighs local production
Audi Group expects 7-9% operating margin in 2025 vs 6% in 2024
Expects more than 1 billion euros in savings from restructuring
INGOLSTADT, Germany, March 18 (Reuters) - Volkswagen's premium Audi brand is weighing whether to pass on the cost of U.S. import tariffs to customers through price increases, it said on Tuesday, adding it was expecting a decision this year on localising production in North America.
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1 month ago | 
gurutrade.com | Alexander Huebner |Tomasz Janowski |Sabine Wollrab
FRANKFURT, March 17 (Reuters) - The German insurer Allianz said on Monday that it was selling its 26% stake in two joint ventures with India's Bajaj Finserv to the Bajaj Group for around 2.6 billion euros ($2.84 billion).
Last year, Bajaj Finserv had said that Allianz was considering exiting the joint ventures, ending a decades-old partnership.
Allianz said in its announcement that India remained an important growth market and it would explore new opportunities there.
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1 month ago | 
today.westlaw.com | Miranda Murray |Alexander Hübner |David Goodman |Alexander Huebner
FRANKFURT - Germany's Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European reinsurer for the January...
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Dec 10, 2024 | 
today.westlaw.com | Louise Heavens |Rachel More |Alexander Hübner |Alexander Huebner
(Reuters) -Allianz, one of Europe's biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year, the company said on Tuesday. The operator of the PIMCO brand...
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Sep 30, 2024 | 
zawya.com | Alexander Huebner
FRANKFURT - Shares in Springer Nature are expected to sell for no less than 22.50 euros ($25.12) when the German academic publisher goes public this Friday, according to a bookrunner, putting the company on course for a valuation of almost 4.5 billion euros. The bookrunner said books were oversubscribed multiple times at that level, the upper half of a target range of between 21 and 23.50 euros. The subscription period runs until Tuesday.
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Aug 12, 2024 | 
claimsjournal.com | Carolyn Cohn |Alexander Huebner |Noor Zainab Hussain
Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be canceled, though several providers will share out the hit, two people involved in insurance for her tour told Reuters. The concerts in Vienna were canceled this week after a planned attack at the Ernst Happel Stadium. Some 195,000 “Swifties” had been expected to attend, with many traveling from abroad for a chance to see the pop superstar.
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Jul 18, 2024 | 
minutehack.com | Alexander Huebner
Technology Saudia Group signed a deal with Lilium on Thursday to purchase 100 all-electric flying shuttles, the Germany-based air taxi developer said, one of the company's biggest orders yet as it works to develop the aircraft.
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Jul 10, 2024 | 
minutehack.com | Alexander Huebner
Technology Germany-based air taxi developer Liliumhas won a major order from state-owned Saudi Arabian airline Saudia, a source familiar with the deal told Reuters on Wednesday.
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Jul 8, 2024 | 
today.westlaw.com | Rachel More |Alexander Huebner |Varun H K
MUNICH (Reuters) - German insurers expect to see a lower increase in premium income this year, the German Insurance Association (GDV) said on Monday, as the life insurance business struggles with a delayed turnaround in interest rates.
