Bassem Assi: New CEO of Allianz Lebanon
Effective July 01, 2022, Bassem Assi is appointed as CEO of Allianz Lebanon, subject to regulatory approvals. Antoine Issa, CEO of Allianz MENA and Allianz Lebanon, will be leaving the group to pursue new opportunities. Bassem Assi joined Allianz Lebanon in 2002 where he held several key positions.
Allianz, Swiss Re join other Financial Firms in Turning from Russia
Allianz and Swiss Re said they were cutting back on Russian business as European financial institutions turn their backs on Russia.The German insurer and Swiss reinsurer join Deutsche Bank, Goldman Sachs and JPMorgan Chase which have exited Russia following its Feb. 24 invasion of Ukraine and subseq
Allianz’s US $ 235 M bid for Greece’s European Reliance
Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer based on gross written premiums. The 7.80 euros per share bid represents a 15.7% premium to Friday’s closing p