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Allianz reports 6.8% rise in operating profit for Q1’24 to €4bn, driven by P&C
15th May 2024
Allianz Group, a global insurer and asset manager, has reported an increase in operating profit of almost 7% to €4 billion for the first quarter of 2024, up from last year's €3.7 billion, driven by the firm’s property and casualty business, supported by good results in the asset management and ... Read the full article
Allianz Commercial and Rokstone collaborate on $10m marine cargo facility
13th May 2024
Allianz Commercial and the Aventum Group’s international re/insurance MGA Rokstone have announced a new collaboration for a $10 million facility to write marine cargo business worldwide. This new collaboration will reportedly broaden Allianz’s wholesale Marine distribution and allow Rokstone to write direct and reinsurance cargo business with full binding authority globally ... Read the full article
Nicola George appointed Managing Director of Allianz personal lines broker business
3rd May 2024
Allianz has announced the appointment of Nicola George as the Managing Director (MD) of its personal lines broker business in the UK, which will undergo a rebranding from LV= Broker to Allianz on May 1st. George's appointment follows Mike Crane's decision to step down from his role as MD of LV= ... Read the full article
Allianz to extend market visibility with LV= Broker rebrand and new leadership appointment
2nd May 2024
Allianz has announced the rebrand of its personal lines broker business from LV= Broker to Allianz, the latest strategic advance for its brand in the UK. Nicola George, who joined the company recently, will lead this part of the Allianz business as managing director. With around 750,000 customers holding an LV= Broker ... Read the full article
Allianz Re names Silvia Rimola as Head of Capital and Legacy Solutions
29th April 2024
Allianz Reinsurance, part of global insurer Allianz, has named Silvia Rimola as Head of Capital and Legacy Solutions, effective April 2024. Rimola first joined Allianz in 2002 as part of the financial department, and has since held numerous roles within the company and its reinsurance arm. This includes time as a life ... Read the full article
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