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Allianz appoints Alex Ktenidis as director of digital trading and Allianz Legal Protection
19th April 2024
Allianz Commercial has announced the promotion of Alex Ktenidis to the senior role of director of digital trading and Allianz Legal Protection (ALP). In his new capacity, Ktenidis will lead the profitable growth of Allianz’s digital trading and legal protection businesses. Nadia Côté, Managing Director at Allianz Commercial, expressed her enthusiasm for ... Read the full article
Allianz completes sale of stake in Allianz Saudi Fransi to ADNIC
18th April 2024
Allianz Group, a global insurer and asset manager, has announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider ADNIC is based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange. The ... Read the full article
Surge in elections increases demand for political violence insurance: Allianz
11th April 2024
A recent report from Allianz Commercial highlights growing concerns surrounding the surge in elections scheduled for 2024, which could potentially escalate the risks of political violence and result in significant insured losses. Srdjan Todorovic, Head of Political Violence and Hostile Environment Solutions at Allianz Commercial, emphasises, “So many elections in one ... Read the full article
Arch Insurance NA to acquire Allianz’s US MidCorp & Entertainment insurance businesses
5th April 2024
Arch Insurance North America, part of Arch Capital Group Ltd., has entered into a master transaction agreement to acquire the US MidCorp and Entertainment insurance businesses - which includes select specialty insurance programs - from Allianz Global Corporate & Specialty SE (AGCS) for a $450 million cash consideration to Allianz. According ... Read the full article
Allianz SE extends contracts of Board members Boshnakova & Thallinger
7th March 2024
The Supervisory Board of Allianz SE has confirmed that it has extended the mandates of Allianz SE Board of Management members Sirma Boshnakova and Günther Thallinger, through December 2029, subject to customary regulatory approvals. Boshnakova, is responsible for the Group’s insurance businesses in Western & Southern Europe, Allianz Direct and Allianz ... Read the full article
Allianz Commercial appoints four regional distribution managers for broker support
6th March 2024
Allianz Commercial has recently appointed four regional distribution managers covering the South, North, London, Midlands, and the South West regions to enhance support for brokers across the UK. The appointed regional distribution managers are Victoria Ashman, Viral Patel, Mark O’Brien, and Julie O’Donovan. In their new roles, they will oversee the sales ... Read the full article
Allianz completes acquisition of Tua Assicurazioni from Generali
5th March 2024
Allianz, a leading insurer and asset manager, has completed the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A., an Italian global insurance and asset management provider. The acquisition was announced in October 2023, and the transaction was completed at a consideration of €280 million. The transaction is in alignement with ... Read the full article
Allianz Partners appoints Jacob Fuest as new CMO
29th February 2024
Allianz Partners, a global insurance and assistance company, has announced the appointment of Jacob Fuest to the position of Chief Markets Officer (CMO) and Member of the Board of Management. In his new role, Fuest will focus on helping Allianz Partners' business units worldwide grow more effectively. Fuest has been part of ... Read the full article
Allianz reports record operating profit of €14.7bn for FY23
23rd February 2024
Insurance giant Allianz has reported a record operating profit of €14.7 billion for the full year 2023, an increase of 6.7% from €13.8 billion in the previous year, driven primarily by the Life/Health (L&H) business segment. Group-wide, total business volume grew 5.5% to €161.7 billion in 2023, which Allianz attributes to ... Read the full article
Allianz introduces new Financial Lines team to enhance customer support
14th February 2024
Allianz has announced the launch of a new in-house team dedicated to managing Financial Lines claims. This move aims to provide seamless support to brokers and customers who rely on Allianz's Directors & Officers and Professional Indemnity products. Located at Allianz’s Milton Keynes branch, this newly established team collaborates closely with ... Read the full article
WTW hires Allianz’s Jody Yee to lead US East Coast TMT team
24th January 2024
Global re/insurance broker, WTW has appointed Jody Yee as the US East Coast Leader for the Technology, Media & Telecommunications (TMT) industry division within the Corporate, Risk, and Broking business in North America (CRB NA) . Based in New York, Yee will bring his deep insurance experience and industry-specific expertise to ... Read the full article
Insurance industry responds to evolving risks with innovation and collaboration: Allianz
23rd January 2024
In the face of growing concerns over the insurability of modern risks such as cyber threats and climate-related disasters, the insurance industry is stepping up its game, according to the recently published Allianz Risk Barometer 2024. The report highlights that cyber security has become the top global risk, with cyber-attacks and ... Read the full article
Cyber events top global business risk for 2024: Allianz Risk Barometer
16th January 2024
In its latest Risk Barometer, Allianz reveals that cyber incidents have claimed the top spot as the foremost global business risk for 2024. This concern is underscored by the rising threat of ransomware attacks, data breaches, and IT disruptions. The closely following peril is business interruption, while natural catastrophes have surged ... Read the full article
Rokstone announces $25m Allianz-backed partnership
9th January 2024
Aventum Group’s international insurance and reinsurance MGA, Rokstone, has entered into a strategic alliance with Allianz Commercial, which has committed a $25 million facility to Rokstone. This collaboration is aimed at enhancing Rokstone’s North American Marine operations, and marks the company’s extension of its growing partnership with global insurer Allianz. James Potter, ... Read the full article
Allianz issues €250m European windstorm catastrophe bond
19th December 2023
Insurance giant Allianz has returned to the catastrophe bond market for the first time in over a decade with a new deal which will provide it with a multi-year risk transfer capacity of €250 million to protect against European windstorms. According to Allianz, this reinsurance agreement with Blue Sky Re DAC, ... Read the full article