shutterstock_734693743_-ricochet64
shutterstock/ricochet64
28 September 2021News

Allianz looking to offload Swiss Life liabilities

Allianz SE is in talks to transfer a block of Swiss life insurance assets to in-force life insurance business manager Resolution Life, according to reports.

Swiss Info reports that a deal could be announced this week to cede about $6 billion in liabilities to Resolution. Negotiations are ongoing, and if successful would still be subject to regulatory approval.

The deal would free up regulatory capital for Allianz, which faces a potential hit to earnings from lawsuits and probes in the US following the blow-up of hedge funds last year due to market turbulence during the pandemic.




More on this story

News
13 August 2021   The insurer will wind down after the regulator took action over anti-money laundering and anti-terrorist financing regulation breaches.
News
11 January 2021   Lightsource bp, a developer and manager of solar energy projects, has secured a proxy generation power purchase agreement (pgPPA) with the capital solutions unit of Allianz Global Corporate & Specialty (AGCS), in partnership with Nephila Climate.
News
30 September 2021   Record-breaking deal de-risks 80% of Allianz Suisse’s traditional individual life business

More on this story

News
13 August 2021   The insurer will wind down after the regulator took action over anti-money laundering and anti-terrorist financing regulation breaches.
News
11 January 2021   Lightsource bp, a developer and manager of solar energy projects, has secured a proxy generation power purchase agreement (pgPPA) with the capital solutions unit of Allianz Global Corporate & Specialty (AGCS), in partnership with Nephila Climate.
News
30 September 2021   Record-breaking deal de-risks 80% of Allianz Suisse’s traditional individual life business