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Allianz moves ahead with sale of Dresdner bank to Commerzbank

Allianz, the German (re)insurance giant, said that it is moving ahead with the sale of its investment banking division Dresdner Bank to Commerzbank.

Commerzbank will now buy 100% of Dresdner immediately. The original agreement entailed Commerzbank purchasing a 60% share in Dresdner Bank at the beginning of 2009, and the remaining 40% share during

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Iran missile strikes spark risk repricing

The joint assault by Israel and the United States against Iran have sent shockwaves through global insurance markets, triggering risk repricing and renewed scrutiny of accumulation exposure across marine, aviation and specialty lines.

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