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Allianz Commercial promotes Pickersgill to regional underwriting manager, London
2nd March 2023
Allianz Commercial has announced the promotion of Karen Pickersgill to the role of regional underwriting manager for London. Pickersgill joined Allianz in 1999 following roles at Aviva and Cigna and has since held several underwriting management positions across the business, including property and casualty manager for Maidstone and then Luton. She most ... Read the full article
Allianz’s Hartmut Mai joins Cyberwrite as Group President
21st February 2023
Cyberwrite, a provider of cyber insurance products, has announced that it has appointed Allianz’s Hartmut Mai as Group President. Mai joins the firm with more than 25 years of global insurance leadership experience. In his most recent role, Mai served as the global Chief Underwriting Officer, and board member at Allianz Global ... Read the full article
Allianz Asia Pacific reports resilient FY results amid “turbulent global economy”
20th February 2023
Allianz Asia Pacific has reported that full year Property & Casualty operating profits were up 8% to €141 million, with total revenues up 17% to €1.7 billion. According to Aaron Fryer, Regional Chief Financial Officer, Allianz Asia Pacific, this was spearheaded particularly by strong growth in China, Malaysia, Singapore, and Thailand. Allianz ... Read the full article
Allianz reports 5.7% operating profit growth for 2022
17th February 2023
Allianz has reported a 5.7% increase in operating profit for 2022, ending the year at €14.2 billion as improved performance in both its property and casualty (P&C) and life and health (L&H) segments boosted results. Operating profit for the P&C segment rose by a 8.4% to €6.2 billion over the year, ... Read the full article
Insurance and preparedness will protect communities against climate change: Allianz
13th February 2023
Climate change is creating risk on an unprecedented scale, but insurers can play a role to significantly reduce the degree of their impact by helping to build resilience, according to an Allianz report. As extreme weather events cannot be prevented, using the example of flood events Allianz analysts have shared their ... Read the full article
Allianz (AGCS) appoints Schlesinger as North American Head of Financial Lines
2nd February 2023
Allianz Global Corporate & Specialty (AGCS) has announced the appointment of Jarrod Schlesinger as Regional Head of Financial Lines in North America. Based in New York, Schlesinger will start his new role on February 13, 2023. He will be reporting to Bill Scaldaferri, President and CEO of AGCS North America, with ... Read the full article
Allianz Partners UK & Ireland hires Latchford as CSO
25th January 2023
Allianz Partners UK & Ireland has appointed Marcus Latchford as its new Chief Sales and Distribution Officer (CSO). Within his new role, Latchford will lead both the sales and distribution teams at Allianz Partners. He will also report to Tim Tozer, CEO of UK and Ireland. Latchford replaces Lee Taylor who is ... Read the full article
Allianz and Marco complete P&C legacy transfer deal
23rd January 2023
European P&C insurance run-off group Marco Capital Holdings Limited has completed its Part VII transfer of Allianz Suisse liabilities concerning the remaining risks in Allianz Suisse’s UK Branch, known as The Gibbon Pool. According to the announcement, Marco received approval from the High Court to transfer the remaining risks in The ... Read the full article
Cyber and business interruption are top risks for 2023: Allianz
17th January 2023
Cyber incidents and business interruption have ranked as the biggest company concerns for the second year in succession, according to the 2023 Risk Barometer report by Allianz, with economic and energy risks also on the rise. Cyber and business interruption were both flagged as top risks by 34% of the 2,700+ ... Read the full article
Allianz Australia joins ARPC Cyclone Reinsurance Pool
13th January 2023
Allianz Australia Insurance Ltd has joined the Cyclone Reinsurance Pool as an insurer customer, the Australian Reinsurance Pool Corporation (ARPC) has announced. According to the announcement, the insurer has joined the cyclone pool for their Home Insurance business including Buildings, Contents, Landlord Buildings, Landlord Contents, and the private dwelling of Farm ... Read the full article
Allianz Commercial appoints new EC&P Regional Underwriting Manager
10th January 2023
Allianz Commercial announced the promotion of Arshad Rashid to Regional Underwriting Manager for its Engineering, Construction & Power (EC&P) business in London. In his new role, Rashid will help the company to drive EC&P’s growth and lead its technical underwriting activity in England’s capital. He will also be in charge of monitoring ... Read the full article
Allianz hires new Chief Actuary
6th January 2023
Allianz Holdings has appointed Laurence Townley as Chief Actuary, effective immediately. Townley joins Allianz following 10 years of service at Direct Line as director of financial risk. Prior to joining Direct Line, Townley served in various roles at Zurich Insurance UK including Chief Actuary. In addition, he is a Fellow of the Institute ... Read the full article
Allianz (AGCS) installs dedicated ESG organisation
20th December 2022
Allianz Global Corporate & Specialty (AGCS) has installed an established, dedicated in-house organisation for Environmental, Social & Governance (ESG) activities. The firm has made several high-level leadership roles and appointments for the new leadership team. Gabrielle Durisch will join the firm from Zurich Insurance Group in April 2023 as the new Global Head ... Read the full article
Steve Stennett appointed Commercial Director of Allianz Trade UK & Ireland
16th December 2022
Allianz Trade in the UK and Ireland has hired Steve Stennett as Commercial Director. Within this role, Stennett will hold responsibility for fostering Allianz Trade’s UK and Ireland client, broker and partner relations, as well as delivering profitable growth through the steering of business development, commercial underwriting and marketing activities. He is ... Read the full article
Maxim Ryzhkov appointed CEO of Allianz Trade in China
15th December 2022
Maxim Ryzhkov has been appointed as CEO of Allianz Trade in China, effective 1 January 2023. According to the firm, Ryzhkov will be leading Allianz Trade in one of the largest and fastest-growing markets in the Asia Pacific region. Before this appointment, Ryzhkov was Commercial Director for Allianz Trade in Nordic, overseeing ... Read the full article