Reinsurance News
Allianz Global Corporate & Specialty
Allianz (AGCS) takes a new strategic direction
1st July 2020
Allianz Global Corporate & Specialty SE (AGCS), the industrial insurer of the Allianz Group, has announced the details of a new comprehensive transformation program designed to regain profitability and market leadership, called "New AGCS." On June 22nd, the company announced the realignment of its Board of Management, explaining that from ... Read the full article
AGCS launches new UK cyber product
17th June 2020
Allianz Global Corporate & Specialty, Allianz’s entity for large-scale corporate and specialty risks, has announced the launch of a new cyber product in the UK. The new Allianz Cyber Protect policy provides a full suite of third party and first party covers to ensure a company is protected in the event ... Read the full article
AGCS adds WTW’s Kang as Head of Cyber, North America
3rd June 2020
Allianz Global Corporate & Specialty has announced the appointment of Thomas Kang as Head of Cyber in North America. Effective June 15, he will based in New York and report to Paul Schiavone, North America Regional Head of Financial Lines, North America and Regional Head of Corporate Long Tail Lines and ... Read the full article
Ali Shahkarami named Chief Data Officer, Allianz (AGCS)
31st March 2020
Allianz Global Corporate & Specialty (AGCS), a division of global re/insurer Allianz, is looking to develop a 'data first' decision making culture with the appointment of Ali Shahkarami as Chief Data Officer, a newly created position. His appointment is effective April 1st, 2020 and sees Shahkarami take responsibility for the development ... Read the full article
S&P turns negative on Allianz AGCS unit
3rd December 2019
S&P Global Ratings considers Allianz Global Risk US Insurance Co.'s (AGRUS) continuing underperformance relative to peers as a hindrance to the performance of its parent Allianz Global Corporate & Specialty (AGCS), revising its outlook on AGRUS to negative from stable. S&P believe the recent change in CEO at AGCS indicates ... Read the full article
Allianz AGCS announces launch of new value-added services
19th November 2019
Allianz Global Corporate & Specialty (AGCS), insurance giant Allianz's corporate insurance arm, has announced the establishment of AGCS Services, a new business initiative designed to provide value-added services to its corporate clients. AGCS explains that the offering includes risk consulting, captive fronting and crisis management solutions, and will initially be launched ... Read the full article
Allianz AGCS adds Williams as global head of financial lines
15th November 2019
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has appointed Shanil Williams as global head of financial lines, effective November 15. Williams, who joined AGCS in 2016 as global head of commercial for New Zealand, succeeds Bernard Poncin, who is set to leave the ... Read the full article
Allianz AGCS announces CEO succession amid leadership changes
14th November 2019
Allianz Global Corporate & Specialty (AGCS), Allianz's specialist carrier for corporate insurance business, has announced that Joachim Müller will replace Chris Fischer Hirs as Chief Executive Officer (CEO), effective December 1st, 2019. It was revealed in the media recently that AGCS CEO Fischer Hirs had departed the firm, and the ... Read the full article
Allianz AGCS CEO Fischer Hirs reported to have departed firm
12th November 2019
Chris Fischer Hirs the Chief Executive Officer of Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has reportedly departed suddenly from the firm. The news was first reported in Germany by Herbert Frommes Insurance Monitor, with speculation surrounding the precise reason for the departure. Update: Read the full article
Allianz (AGCS) names Hyeji Kang as Head of Reinsurance & Cat Risk Management
1st October 2019
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has announced the appointment of Hyeji Kang as Global Head of Reinsurance and Catastrophe Risk Management, effective October 1, 2019. Kang is currently Head of Actuarial Function at AGCS, based in Munich, prior to which she ... Read the full article
Allianz (AGCS) recruits CEO for South America from Zurich
17th July 2019
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, has announced the appointment of Glaucia Smithson as Chief Executive Officer (CEO) of South America. From August 12th, Smithson will succeed outgoing regional leader Angelo Colomo, who is due to leave AGCS in the Autumn. Based in São ... Read the full article
Allianz (AGCS) reshuffles alternative risk transfer roles
10th July 2019
Allianz Global Corporate & Specialty SE (AGCS) has made a number of changes to its Alternative Risk Transfer (ART) and Liability Lines business, including the promotion of Christof Bentele to Head of Global Client Management, a newly-created role. Bentele previously served as Head of Global Crisis Management,a role which has been ... Read the full article
James Stack handed Allianz (AGCS) Pacific CEO role
3rd July 2019
James Stack has been appointed Chief Executive Officer of Allianz Global Corporate & Specialty (AGCS) Pacific, an embedded team within Allianz Australia. Stack is a highly experienced insurance manager and replaces Willem Van Wyk, who is due to leave the group to pursue other opportunities. He brings over 20 years' insurance expertise ... Read the full article
Allianz (AGCS) appoints new heads of Aviation & Marine
13th June 2019
Allianz Global Corporate & Specialty SE (AGCS) has announced the appointments of Tom Fadden as AGCS Global Head of Aviation and Ulrich Kadow as AGCS Global Head of Marine. Fadden will take over his role with immediate effect from Michael Hansen, while Kadow will succeed current Global Head of Marine and ... Read the full article
Shipping losses at record low, but incident frequency remains high: Allianz (AGCS)
7th June 2019
Large shipping losses are currently at their lowest level this century, according to a report by Allianz Global Corporate & Specialty SE (AGCS), although the overall number of reported incidents shows little decline. In 2018, AGCS recorded 46 total losses of vessels around the shipping world, down from 98 in the ... Read the full article
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