Reinsurance News
Allianz Global Corporate & Specialty
Allianz (AGCS) strengthens response services for environmental emergencies
23rd May 2019
Allianz’ corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), has expanded the emergency response services it offers as part of its Environmental Impairment Liability (EIL) coverage for pollution or contamination events. It has partnered with GM Consultant and HETI to offer a 24/7 support system, with the aim of limiting ... Read the full article
Allianz (AGCS) makes senior appointments to alternative risk transfer unit
9th May 2019
Allianz Global Corporate & Specialty SE (AGCS) has announced that Grant Maxwell, current Head of Alternative Risk Transfer (ART) for its Regional Unit London (RUL), is to move into a newly created global role as Head of Underwriting and Portfolio Management. Additionally, Dan Tomlinson, currently a senior ART underwriter in London, ... Read the full article
Allianz (AGCS) makes senior adjustments
19th March 2019
Allianz’ corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is appointing its current Chief Underwriting Officer, Corporate, Hartmut Mai to the Board role of AGCS Chief Regions and Markets Officer for the company’s three strategic business units: Central & Eastern Europe (CEE), Mediterranean and Africa. This announcement comes as AGCS ... Read the full article
Allianz (AGCS) launches insurance solution for automotive recall costs
15th March 2019
Allianz’ corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), has launched a new solution for the UK automotive industry aimed at covering costs associated with product recalls. AGCS’ new UK Automotive Component Parts Product Recall cover offers its customers crisis-management assistance services provided by partner company, WorldAware. The new coverage is ... Read the full article
Cyber and business interruption top global risk rankings: Allianz
1st February 2019
Cyber incidents and business interruption (BI) are tied as the most concerning risks for global businesses in 2019 and beyond, according to the results of the latest Allianz Risk Barometer report. The annual survey by Allianz, which questioned 2,415 experts from 86 countries, found that 37% of respondents identified cyber as ... Read the full article
Technical or human factors account for majority of corporate claims: AGCS
29th January 2019
The vast majority of corporate insurance claims over the last five years have originated from technical or human factors, accounting for 87% of all claims by value, according to new research by Allianz Global Corporate & Specialty (AGCS). The firm’s latest Global Claims Review, which looked at data from 470,000 claims ... Read the full article
Allianz (AGCS) opens new reinsurance branch in India
21st January 2019
Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has opened a new reinsurance branch in Mumbai, India to help it target growth in Asia Pacific. AGCS said that the branch would allow it to capitalise on opportunities in one of the fastest emerging re/insurance markets ... 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
Allianz Global Corporate & Specialty names Sinéad Browne as CEO, UK
26th November 2018
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has announced the appointment of Sinéad Browne as Chief Executive Officer (CEO) for AGCS UK. Additionally, Tracey Hunt has been named as Deputy CEO for AGCS UK, with both appointments taking effect from January 1, 2019. Browne ... Read the full article
Allianz (AGCS) expands alternative risk transfer line to Asia Pacific
26th October 2018
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, is expanding its alternative risk transfer (ART) line of business to the Asia Pacific region. Richard Green has been appointed to lead the new unit as Regional Head of ART, Asia Pacific, with effect from 15 ... Read the full article
Allianz subsidiary in contingent BI agreement with Just Energy Group
16th October 2018
Interstate Fire & Casualty Company (IFCC), a subsidiary of Allianz Global Corporate & Specialty SE (AGCS), has entered into a multi-year contingent business interruption insurance agreement with Just Energy Group Inc. Just Energy Group, a consumer company that specialises in electricity and natural gas commodities, energy efficient solutions and renewable energy options, ... Read the full article
Allianz Global Corporate and Specialty makes dual broker appointment
11th October 2018
Allianz Global Corporate & Specialty SE, Allianz Group’s specialist carrier for corporate insurance business, has appointed Lee Brewer and Harriet Tiplady as Senior Broker Relationship Manager and Broker Relationship Manager, respectively. Based in London within the Market Management team, the pair will have responsibility for pipeline and relationship management with major ... Read the full article
AGCS restructures Alternative Risk Transfer business
9th October 2018
Allianz Global Corporate & Specialty (AGCS), the specialist corporate re/insurer of Allianz Group, has announced that it plans to restructure its existing Alternative Risk Transfer (ART) line of business into two specialist teams. From November 1, the Insurance-Linked Markets team will become a standalone line of business known as Capital Solutions, ... Read the full article
Hazardous beauty chemicals may pose liability risk, say Allianz and Praedicat
14th September 2018
A potentially harmful trio of chemicals commonly found in beauty products could pose significant liability risk to manufacturers and suppliers if bodily injuries can be linked to exposure, and may have a considerable impact on the insurance industry, according to a report by Allianz Global Corporate & Specialty (AGCS) and ... Read the full article
Nephila Climate and Allianz complete Proxy Revenue Swap for Australian wind farm
20th June 2018
Nephila Climate (NCx), the weather and ESG-driven specialty division of Nephila Holdings, together with Allianz Global Corporate & Specialty’s alternative risk transfer unit, have completed a Proxy Revenue Swap and Corporate Power Purchase Agreement (PPA) for the Lal Lal wind farm project in Victoria, Australia. The Proxy Revenue Swap transaction marks ... Read the full article
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