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Allianz Commercial hires AIG’s Claudia Valencia as Global Head of Portfolio Solutions
20th October 2023
Allianz Commercial has announced the appointment of Claudia Valencia as Global Head of Portfolio Solutions, joining the firm on January 8, 2024. In her new role, Valencia will be based in London, where she will report jointly to Chief Underwriting Officer Shanil Williams and Global Head of Distribution Jeremy Sharpe. Allianz Commercial ... Read the full article
Allianz to sell 49% stake in CPIC Fund Management
16th October 2023
Global insurer Allianz has entered into definitive agreements over the sale of its 49% stake in CPIC Fund Management Co., Ltd. to Guotai Junan Securities Co., Ltd. The transaction is subject to the approval of the China Securities Regulatory Commission (CSRC), and other relevant authorities. The divestment is in line with Allianz's ... Read the full article
Allianz to acquire Generali’s Tua Assicurazioni for €280m
13th October 2023
Global insurer Allianz is set to increase its property and casualty (P&C) market share in Italy with the acquisition of Tua Assicurazioni from Generali for a cash consideration of €280 million. Previously part of Cattolica Assicurazioni, TUA Assicurazioni is an insurance subsidiary of the Group focused on P&C business in the ... Read the full article
India to become the second largest economy in Asia Pacific by 2030: Allianz Trade
13th October 2023
As the global economy continues to face challenges, Allianz Trade has identified a new growth engine in Asia, India, and has planned further investments to support growth in the country this year. Imran Khan, Country Manager for India at Allianz Trade in Asia Pacific, stated: “India is poised to become the ... Read the full article
Vagenende re-joins Allianz as Commercial Managing Director Benelux & Nordics
12th October 2023
Allianz Commercial has announced the appointment of Elke Vagenende to the role of Commercial Managing Director for its ‘Benelux and Nordics’ region. According to the announcement, Vagenende will re-join Allianz during the first quarter of 2024 to lead this newly established region. She will also represent Allianz’s full set of Property ... Read the full article
Allianz Partners & bolttech to offer embedded insurance solutions in APAC & US
12th October 2023
Allianz Partners and bolttech, an international insurtech, have announced a partnership that will see the two companies provide embedded device and appliance protection insurance across Asia Pacific (APAC) and the United States. This strategic agreement aims to bring together each firm's strengths to offer best-in-class solutions enabling business partners to add ... Read the full article
SanlamAllianz to provide insurance & financial services in 27 African markets
6th October 2023
African non-banking financial services provider, Sanlam, and global insurer Allianz have announced the receipt of regulatory approvals for a joint venture called SanlamAllianz, a Pan-African non-banking financial services company with a presence in 27 countries across the continent. The joint venture's ambition is to be among the top three players, in ... Read the full article
HIVE & Allianz Commercial collaborate to underwrite new product
4th October 2023
HIVE Underwriters Ltd. and Allianz Commercial are collaborating to underwrite Aviation Hull War and Excess Third-Party Aviation War Liabilities (XS AVN52) classes with immediate effect. With capacity from Allianz, the facility utilises HIVE’s risk analytics and exposure management systems. Bruce Carman, HIVE’s Chief Underwriting Officer, commented: “HIVE is continually looking to enhance ... Read the full article
Allianz SE announces updates to Board of Management
2nd October 2023
Allianz SE has announced a series of updates to its Board of Management, among which Oliver Bäte’s mandate as Chairman has been renewed and extended through the Annual Shareholders Meeting 2028. At the same time, The mandate of Andreas Wimmer as a Member of the Board of Management responsible for Life ... Read the full article
Economic pressures and tech innovation in offshore wind industry pose challenges for insurers: Allianz
26th September 2023
The offshore wind industry is poised for growth, but developers and their insurers need to successfully manage a range of risks to successfully scale this industry globally, said Allianz in a recent report. In ‘A turning point for offshore wind’, Allianz Commercial highlights growth opportunities, tech innovations, risk trends, and loss ... Read the full article
Fighting climate change has become an ever greater challenge: Allianz CEO
22nd September 2023
"The long era of robust economic growth, low inflation, and geopolitical stability is over, and it's replaced by uncertainty, volatility, and war. Suddenly, fighting climate change has become an ever greater challenge," suggests Allianz CEO Oliver Bäte. Bäte's comments stem from his speech at a summit of leaders from 34 governments ... Read the full article
Allianz Commercial names Global Head of Construction
20th September 2023
Allianz Commercial has announced the addition of Darren Smart to its global Specialty leadership team as Global Head of Construction, a London based role. Smart joins from Liberty Specialty Markets, where he is currently Global Construction Practice Leader. He is returning to Allianz where he started his underwriting career as ... Read the full article
Allianz names Henry Topham managing director of its UK Retail business
14th September 2023
Allianz Holdings has appointed Henry Topham as the new managing director of its UK Retail business. He succeeds Heather Smith, who will be leaving the business to take up a new opportunity. Topham has been with Allianz since December 2016 and is currently the managing director of Britannia Rescue and Flow. In his ... Read the full article
Allianz outlines new net-zero transition plan
8th September 2023
German insurer Allianz has published its first net-zero transition plan committing to reduce emissions as part of a plan that aims for net-zero in 2050 in its proprietary investment and Property and Casualty (P&C) underwriting portfolios and by 2030 within its own operations. The insurer pledged to grow its revenues from ... Read the full article
DUAL hires Allianz’s Simon McGinn as UK CEO
5th September 2023
DUAL, the specialist underwriting arm of Howden Group Holdings, has appointed Simon McGinn as CEO of its UK business, subject to regulatory approval. McGinn is set to join the firm on January 1, 2024, where he will report to Richard Clapham, CEO, DUAL Group. According to the firm, McGinn's appointment will help ... Read the full article