Uniqa has placed bonds, including a green bond

02.07.2020 Uniqa received a total of 800 million euros from a bond issue: 600 million to finance the AXA purchase and 200 million as a green bond for climate-friendly projects. According to Uniqa, the senior bond was 5.3 times oversubscribed, the green subordinated bond even 9.2 times. As is well known, Uniqa acquired the AXA […]

Uniqa has placed bonds, including a green bond

02.07.2020 Uniqa has raised a total of 800 million euros through a bond issue: 600 million to finance the AXA purchase and 200 million as a green bond for climate-friendly projects. According to Uniqa, the senior bond was 5.3 times oversubscribed, the green subordinated bond even 9.2 times. As is well known, Uniqa acquired the […]

French restaurateur wins against Axa insurance

Empty gastronomy According to a court ruling, his insurer has to pay for the operating losses of a French restaurant operator. (Photo: dpa) Paris This is a decision that could have serious consequences for the legal assessment of the lockdown: Stéphane Manigold, a French operator of four restaurants, won against the insurer Axa in a […]

Insurer Axa loses in dispute over restaurant closings

Waiter with a mask Bars and restaurants have been closed in many countries to slow the spread of the corona virus. (Photo: Bloomberg) Paris The French industry giant AXA has suffered a defeat in the dispute over business closure insurance for hotels and restaurants in the corona crisis. A commercial court awarded the operator of […]

Eiffel, Asterix, Largo Winch … The restart of filming in turmoil

Sanitary rules, financial aid, insurance … French cinema is negotiating intensively to get 80 films stopped again, but the conditions are far from being met. Remote working and videoconferencing have made it possible to complete the writing of Largo Winch 3, with Tomer Sisley (here in the first opus of 2008). Everett / Bridgeman pictures […]

Allianz CEO Oliver Bäte sees crisis as an accelerator

Munich, Frankfurt Allianz shareholders have to prepare for a much tougher financial year. “Your alliance will master this crisis, but 2020 will not be a record year like 2019,” said Allianz CEO Oliver Bäte to the approximately 4,500 shareholders. On Wednesday, they followed the first virtual general meeting in the 130-year history of the insurer […]

Christoph Jurecka is facing his first test

Frankfurt, Munich At the virtual general meeting, Christoph Jurecka initially shone through his absence. CEO Nikolaus von Bomhard and CEO Joachim Wenning were both in front of the camera when reinsurer Munich Re opened its first digital shareholders’ meeting a few days ago. The CFO was not yet visible in the camera section. But that […]

Investment experts anticipate further setbacks in the markets

Frankfurt The stock market rally almost seemed surreal last week. On the one hand, economists expect the worst recession since the Second World War, companies in Germany have registered potential short-time work for a third of their employees and massively cut their profit forecasts for the current year. On the other hand, several leading indices […]

Experts anticipate a pandemic “every 20 to 30 years”

Frankfurt, Dusseldorf Hardly any company is more familiar with risks than Munich Re. The “Der Spiegel” magazine once called the “world risk center” the reinsurer. The Dax-30 group offers large companies and other insurers a financial safety net when natural disasters or other major losses occur. Munichers are therefore among the most professional risk managers […]

Lufthansa brings new supervisory board members on board

Frankfurt When the shareholders of the largest European airline in terms of revenue come together for the Annual General Meeting on May 5, this is a special “Annual Meeting”. It will take place virtually due to the contact restrictions in the wake of the Corona pandemic. The lectures will be streamed, shareholders can submit their […]