Allianz SE Loses Profits as PIMCO Helps Unit Double Earnings
Allianz SE (AZSEY), Europe's largest insurer, said its second-quarter profits fell nearly 50%, largely due to the sale of shares in Industrial & Commercial Bank of China and a write-down in its investment in Hartford Financial Services Group Inc.
Allianz SE Loses Profits, as PIMCO Helps Unit Double Earnings
The European insurer's North American life insurance unit says premiums were "ahead of expectations."
The Hartford Has Big Plans for Wealth Management and RIAs
Hartford Financial Services Group Inc. said April 1 that it would reorganize itself into insurance, annuity, and wealth management businesses. The new wealth management division...
Hartford Financial to Restructure Businesses, Focus on Wealth Management
Insurance company to create three new units
NEWS & PRODUCTS
Goldman Sachs and Lehman Brothers won Diversity Leadership Awards from the Securities Industry and Financial Markets Association (SIFMA). Goldman Sachs received the Sustained Leadership Award...