Reinsurance News
Your search for “allianz”
Allianz Commercial makes key leadership appointments for Iberia & Latin America
2nd June 2023
Allianz Commercial has announced that it has appointed Managing Directors to lead its Commercial insurance business in two key regions. Agustín de la Cuerda will lead Iberia, while David Colmenares will lead Latin America. According to the announcement, each Managing Director will represent the integrated Allianz Commercial insurance business across all ... Read the full article
Simon McGinn stepping down as CEO of Allianz Commercial
1st June 2023
Allianz Holdings has announced that Simon McGinn, CEO of Allianz Commercial will be stepping down from his position, effective July 1, 2023. McGinn joined the company in 2004 as trading director, before later going on to take on the role of director, commercial broker markets. Fast forward to 2013, he was then ... Read the full article
Allianz Partners UK & Ireland names Patricia Moon CEO
26th May 2023
Allianz Partners UK & Ireland has appointed Patricia Moon as its new Chief Executive Officer (CEO), effective March 1, 2023. Moon, who previously served as the CEO of Allianz Partners Japan, brings a wealth of industry experience and knowledge to her new role. Moon assumes the position of CEO from Tim Tozer, ... Read the full article
AXA and Allianz have announced their exit from the NZIA
26th May 2023
Two more big firms namely AXA and Allianz have announced their exit from the NZIA. This news comes in post comments made by John Neal the Chief Executive of Lloyd’s of London to Reuters urging the global climate alliance for insurers to make its membership rules less prescriptive or risk ... Read the full article
Allianz Holdings to revamp executive leadership team as Treloar & Dyson depart
24th May 2023
Allianz Holdings has announced that Steve Treloar, CEO for Allianz Personal, and Fernley Dyson, chief financial officer, are stepping down from their respective roles to pursue new opportunities. Treloar first joined LV= as Managing Director in May 2016. Before this, he served as managing director of Personal Lines at Aviva and ... Read the full article
Allianz Commercial reveals new financial underwriting teams
18th May 2023
Allianz Commercial has announced that it has made a number of appointments to form a new financial lines team that will operate across three new regional hubs. The new team will focus solely on Allianz’s Directors & Officers and Professional Indemnity propositions, which ultimately will increase Allianz’s presence in the market ... Read the full article
Allianz Indonesia names Grenz as Country Head, President Director & CEO
18th May 2023
Allianz Indonesia has appointed Alexander Grenz as Country Head, President Director & CEO. Grenz has a 'strong' track record of working in the insurance industry. Grenz is skilled in Distribution, Operation and IT, DigitalTransformation, Post-Merger Integration, Enterprise Risk Management, Business Planning, Analytical Skills, Sales, and Communication. Prior to this role, Grenz held ... Read the full article
Allianz sees 24.2% increase in Q1 operating profit to €3.7 billion
12th May 2023
Allianz has reported that its Q1 2023 operating profit increased 24.2% to €3.7 billion, which the firm attributes to strong performance in Life/Health and Property-Casualty business segments. Meanwhile, total business volume in Q1 2023 increased by 3.9% to €46 billion. Allianz states this growth was spearheaded by the Property-Casualty segment, which benefited ... Read the full article
Allianz Trade expands XoL teams in Germany, Asia Pacific, Spain, and Brazil
19th April 2023
Allianz Trade, the global leader in trade credit insurance, is expanding its Excess of Loss (XoL) teams in Germany, Asia Pacific, Spain, and Brazil, following the successful growth of its teams in the UK and US. The company aims to hire new recruits to further enhance its position in these regions. Allianz ... Read the full article
Global business insolvencies expected to rise in 2023, 2024: Allianz Trade
17th April 2023
Global business insolvencies are expected to rise +21% in 2023 and +4% in 2024, after a small rebound by +2% in 2022 after two years of decline due to the pandemic, according to Allianz Trade. The trade credit insurer noted global business insolvencies might stay -5% below their pre-pandemic levels ... Read the full article
Allianz announces new property and motor trade leads
14th April 2023
Allianz Commercial has announced the promotion of Mark Ashwood as head of property insurance and Olivia Baker as head of motor trade insurance. In their new roles, Ashwood and Baker will be responsible for setting the strategy, direction, pricing and underwriting appetite for Allianz’s commercial property and motor trade accounts respectively, ... Read the full article
Allianz, Axa and Zurich ‘successfully managed’ inflation, interest rate risk: Fitch
13th April 2023
Fitch Ratings said the three main European insurance groups – Allianz, AXA and Zurich - "successfully managed" the effects of the macroeconomic environment like high inflation and interest rates. "Allianz, AXA and Zurich successfully managed 2022’s macroeconomic challenges thanks to their very strong company profiles, rigorous risk management and sophisticated asset- ... Read the full article
Allianz Commercial leaders confirmed for key markets
4th April 2023
Allianz Group has announced new leadership appointments for four of its largest Property and Casualty Commercial insurance markets: Australia, France, Germany and the United Kingdom. In each country, every Commercial lead will represent the integrated Allianz Commercial business and bring to the market Allianz’s full set of solutions for specialty clients, ... Read the full article
Sang Hun Park returns to Allianz Re to lead retrocession
31st March 2023
Allianz Re, the reinsurance arm of global insurer Allianz, has announced that Sang Hun Park is set to return to the firm as its Global Head of Retrocession, effective May 1st, 2023. Park already has in-depth experience at Allianz Re having spent a little more than nine years with the company ... Read the full article
Aqueous secures capacity from Allianz, setting sights on SME growth
29th March 2023
London MGA Aqueous Underwriting has secured a 70% boost in capacity following the signing of an initial three-year deal with Allianz. According to the announcement, the new binder agreement will be active for all broker submissions from 1st April. The move is part of the MGA’s plans to significantly grow its presence ... Read the full article