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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
Canada Life Reinsurance announces mortality transaction with Allianz Indonesia
14th December 2022
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has entered into a structured mortality transaction with Allianz Indonesia, expanding its footprint in Asia. Under the agreement, Canada Life Reinsurance will provide protection against adverse mortality experience on a portfolio of credit life business. According to Gareth Dobson, who ... Read the full article
Allianz maintains position as largest European non-life insurer
14th December 2022
New data from AM Best shows that Germany’s Allianz continues to hold on to its position as the largest European non-life insurer, based on gross premiums written for 2021. Allianz topped the rating agency’s table of the 30 largest insurers, boasting GWP of €60,273 million, up 4.3% from €57,772 million in ... Read the full article
Allianz Commercial promotes Kuldip Kang to claims proposition manager
8th December 2022
Allianz Commercial has promoted Kuldip Kang to the position of claims proposition manager. In her new role, Kang will oversee the propositions, communications, customer experience, and claims relationship manager (CRM) teams. She joined Allianz nine years ago and replaces Emily Mills, who has joined KPMG. She will report to Margaret Scott, director of claims strategy ... Read the full article
Allianz Commercial launches new model to support independent brokers
5th December 2022
Allianz Commercial has announced the launch of a new model to provide a consistent and tailored approach to broker relationships. In the new model, brokers will be segmented into three tiers - identified as Broker Partners, Prime Partners or Strategic Partners - and each will receive a unique package of support. Each ... Read the full article
Allianz Re names Thorsten Fromhold Chief Group Reinsurance Buyer
16th November 2022
Allianz Re has appointed Thorsten Fromhold as Chief Group Reinsurance Buyer (CGRB), effective January 1, 2023. The role will form a new, dedicated function within the Board of Allianz Re, separate from assumed business. In his role Fromhold will be overseeing all external Allianz reinsurance placements including cessions out of Allianz ... Read the full article
Allianz appoints James Maxwell to new role
16th November 2022
Allianz has appointed James Maxwell to be its new risk director for its commercial business. Reporting to Allianz Holdings chief risk officer, John Berry, Maxwell will have responsibility for overseeing all risk matters within the Commercial lines business and will also serve as a member of the Commercial executive committee. The role ... Read the full article
Domenico Lup named new CEO of Allianz Trade in ASEAN
15th November 2022
Domenico Lup has been appointed Chief Executive Officer (CEO) of Allianz Trade in ASEAN, with effect from 1 December 2022. In his new role, Lup will be responsible for overseeing the trade credit insurer's growth developments in six ASEAN countries including Singapore, Malaysia, Thailand and Indonesia. Based in Singapore he will report ... Read the full article
Allianz sees operating profit grow 7.4% in Q3 2022
10th November 2022
Allianz has released its Q3 results, saying that operating profit grew by 7.4% in the period to reach €3.5bn. The firm also said, through a statement on its website, that total revenues rose 1.3% in the period to reach €34.8bn. It attributed the growth in its operating profit to what it ... Read the full article
Global insolvencies expected to rise significantly in 2022 and 2023: Allianz Trade
4th November 2022
Global business insolvencies are expected to rise +10% in 2022 and +19% in 2023, a significant rebound after two years of decline, according to Allianz Trade. The insurer noted that this may bring global insolvencies back above their pre-pandemic levels in 2023, by +2%. According to Maxime Lemerle, lead analyst for Insolvency ... Read the full article
Ransomware remains top cyber risk for organisations globally, says Allianz
1st November 2022
According to an Allianz Global Corporate & Specialty cyber report, ransomware remains a top cyber risk for organisations globally, while the threat of state-sponsored cyber attacks grows. There was a record 623 million attacks in 2021, which was double that of 2020, says Allianz. It also notes that despite the frequency reducing ... Read the full article
Allianz Trade announces CEO leadership change
24th October 2022
Allianz Trade has announced that Aylin Somersan Coqui, currently Group Chief Risk Officer of Allianz SE, will become CEO and Chairperson of the Board of Management of Allianz Trade following the departure of Clarisse Kopff, who has decided to pursue a new leadership role outside of Allianz. Coqui joined the Allianz ... Read the full article
Allianz (AGCS) names Mark Whayling Entertainment Global Product Lead
21st October 2022
Allianz Global Corporate & Specialty (AGCS) has announced the appointment of Mark Whayling as the new Entertainment Global Product Lead for the Live sector, effective immediately. Whayling was most recently Senior Underwriter, Live Entertainment, for AGCS’ London & Nordics region, having joined Allianz in 2017. In his new role, Whayling will be ... Read the full article
Allianz Commercial appoints Carey as Managing Director, mid-market
19th October 2022
Allianz Commercial has announced that it has appointed David Carey to the newly created position of managing director, mid-market, effective from April 2023, subject to regulatory approval. Within this role, he will hold responsibility for leading Allianz Commercial’s regional trading teams, as well as focusing delivery on key customer segments and ... Read the full article
Allianz X to acquire Innovation Group
12th October 2022
Allianz X, the digital investment unit of the Allianz Group, has announced it is to acquire Innovation Group, a service provider for the management of complex claims in the automotive and real estate sector. In the announcement, Allianz X stated it has entered into binding agreements with the shareholders of the ... Read the full article