financetom
Business
financetom
/
Business
/
Allianz sells US insurance unit for $1.4 billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Allianz sells US insurance unit for $1.4 billion
Apr 5, 2024 7:25 AM

BERLIN (Reuters) - Allianz agreed to sell Fireman's Fund, its U.S. insurance unit for mid-sized corporations and entertainment industry clients, to Arch Insurance for $1.4 billion, the German insurer said on Friday.

The transaction is part of Allianz's new strategy to focus on large corporate and specialty businesses in the U.S. instead.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US shutdown not creating significant flight disruptions, IATA's chief says
US shutdown not creating significant flight disruptions, IATA's chief says
Oct 8, 2025
LISBON (Reuters) -The U.S. government shutdown hasn't significantly disrupted domestic commercial flights nor has it stopped the recruitment of new air traffic controllers, Willie Walsh, director general of airline lobby group IATA said on Wednesday. There were no significant impacts to date. I would say there wasn't any major damage, Walsh said at the World Aviation Festival in Lisbon. On...
Spruce Biosciences to Raise $50 Million Through Private Placement; Shares Down Pre-Bell
Spruce Biosciences to Raise $50 Million Through Private Placement; Shares Down Pre-Bell
Oct 8, 2025
08:45 AM EDT, 10/08/2025 (MT Newswires) -- Spruce Biosciences ( SPRB ) said Wednesday it will sell common shares and pre-funded warrants to raise $50 million in gross proceeds through a private placement. The company said it reached a securities purchase agreement with certain unnamed investors, under which it will sell 502,181 common shares at $68 apiece. As part of...
US shutdown not creating significant flight disruptions, IATA's chief says
US shutdown not creating significant flight disruptions, IATA's chief says
Oct 8, 2025
LISBON (Reuters) -The U.S. government shutdown hasn't significantly disrupted domestic commercial flights nor has it stopped the recruitment of new air traffic controllers, Willie Walsh, director general of airline lobby group IATA said on Wednesday. There were no significant impacts to date. I would say there wasn't any major damage, Walsh said at the World Aviation Festival in Lisbon. On...
Comscore, Xperi Unit TiVo Partner to Unify Linear, Streaming Audience Measurement
Comscore, Xperi Unit TiVo Partner to Unify Linear, Streaming Audience Measurement
Oct 8, 2025
08:47 AM EDT, 10/08/2025 (MT Newswires) -- Comscore ( SCOR ) said Wednesday that it will integrate Xperi ( XPER ) unit TiVo's program metadata into its cross-platform measurement to unify content identification across linear TV, streaming, and digital. The partnership with TiVo, which will go live on Oct. 27, aims to provide buyers and sellers with a single view...
Copyright 2023-2026 - www.financetom.com All Rights Reserved