Allianz will make climate change a core part of its entire business portfolio, with investments to be analysed using 37 criteria including greenhouse gas emissions and energy efficiency.
The explosions at China's Tianjin Port on 12 August brought home the fatal consequences of improperly storing dangerous cargo.
Allianz Insurance, as part of the Allianz SE group, has gained regulatory approval to implement an internal model to calculate capital requirements under Solvency II.
AIG has said it would not "make financial sense" to break up the insurer after renewed pressure from activist investor Carl Icahn.
The US State Department has issued a worldwide travel alert for all of its citizens for three months citing "increased terrorist threats".