Reinsurance News

Allianz Australia

Allianz Australia to sell Hunter to private equity firm Pemba Capital Partners

6th January 2025

Australian private equity firm Pemba Capital Partners has agreed to acquire Allianz Australia Limited’s wholly owned subsidiary, Hunter Premium Funding. Hunter allows businesses to pay their insurance premiums in regular instalments rather than as one large lump sum. The Hunter brand will remain unchanged and will benefit from continued investment in its ... Read the full article

Allianz purchases general insurance business of RAA

2nd December 2024

Allianz has acquired the general insurance business of the Royal Automobile Association of South Australia Incorporated (RAA), expanding its consumer insurance presence in South Australia. The insurer’s partnership with the RAA, worth AUD$6422 million, also includes a 20-year exclusive distribution agreement for the Home and Motor insurance product lines of RAA. Within ... 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

Regulator applies additional capital requirement to Allianz Australia

14th August 2019

After conducting a self-assessment in 2018, Allianz Australia, a division of global re/insurer Allianz, has had an additional $250 million capital requirement imposed by the Australian Prudential Regulation Authority (APRA). Allianz was one of 36 banks, insurers and superannuation companies that the APRA asked to conduct a self-assessment in 2018, which ... Read the full article

POP Insurance, Allianz launch Fusion Specialty M&A

4th January 2019

Specialist insurance group POP Insurance Holdings Pty Ltd., in partnership with Allianz Global Corporate Specialty (AGCS), a division of Allianz Australia Insurance Limited, has announced the launch of Fusion Specialty M&A MGA (Fusion M&A). The new unit is already writing business, and is offering a full suite of transactional insurance solutions, ... Read the full article