Reinsurance News
Allianz Global Corporate & Specialty
Nephila Climate and Allianz close solar farm Proxy Revenue Swap deal
29th May 2018
Nephila Climate (NCx), the recently established weather and ESG-driven specialty division of Nephila Holdings, has completed the first solar farm Proxy Revenue Swap transaction in partnership with Allianz Global Corporate & Specialty SE. The parties successfully closed a first set of solar Proxy Revenue Swaps for the Susan River Solar ... Read the full article
AGCS partners with ParaZero on drone safety systems
27th April 2018
Allianz Global Corporate & Specialty (AGCS), the specialist corporate re/insurer of Allianz Group, has partnered with Israel-based drone safety systems company ParaZero to reduce risks related to commercial Unmanned Aircraft Systems (UAS). AGCS plans to offer pricing incentives and preferential conditions to clients using ParaZero products, initially in the U.S market ... Read the full article
Artificial Intelligence risks may outweigh benefits, reports Allianz
29th March 2018
In a new report, Allianz Global Corporate & Specialty (AGCS), a division of global insurer Allianz, has claimed that the advantages offered by increasingly integrated Artificial Intelligence (AI) applications in the re/insurance industry may be outweighed by the potential threats they bring. AGCS claims that increased vulnerability to malicious cyber-attacks and ... Read the full article
Allianz expands Asian Entertainment operations with Singapore launch
22nd March 2018
Allianz Global Corporate & Specialty SE (AGCS) is expanding its Entertainment operations in the growing Asian market with the launch of a new division in Singapore. Since integrating Allianz’s U.S subsidiary Fireman’s Fund in 2015, AGCS has been moving into new markets beyond North America, with expansions in Singapore, Hong Kong ... Read the full article
Allianz closes 10-year proxy revenue swap for Invenergy wind farm
9th February 2018
Allianz Global Corporate & Specialty’s (AGCS) alternative risk transfer unit (Allianz) has closed a 10-year proxy revenue swap for Invenergy's Upstream Wind Energy Center to ensure stable revenues despite uncertainty of intermittent wind resource. Allianz cooperated with Nephila and REsurety to provide an innovative financing solution for the renewable energy company's ... Read the full article
BI, cyber & larger nat cat losses top global business risks in 2018: Allianz
19th January 2018
Business interruption (BI), cyber incidents and larger losses from natural catastrophe events are the top three business risks globally in 2018, according to the latest Allianz Risk Barometer. The Allianz 2018 Risk Barometer, which includes responses from over 1,900 risk experts from 80 countries, ranks BI as the number one business ... Read the full article
Allianz Global Corporate & Specialty SE appoints Lars Vissing to Regional Head of Claims
11th January 2018
Allianz Global Corporate & Specialty SE (AGCS) has appointed Lars Vissing as Regional Head of Claims set to succeed Martin Henson who will retire from the position in February 2018 after nearly 20 years with Allianz. Based in London and Copenhagen, Vissing will lead AGCS’ claims team in the UK, Ireland, ... Read the full article
Allianz Global Corporate and Specialty announces changes to leadership board
19th December 2017
Allianz Global Corporate and Specialty (AGCS) has announced a series of changes to its leadership board set for the first half of 2018. Current Chief Operating Officer (COO) Sinead Browne will replace Carsten Scheffel who is retiring from a position as Chief Regions and Markets Officer. In her new board-level role, Browne ... Read the full article
AGCS boosts UK cyber division with two appointments
1st December 2017
Allianz Global Corporate & Specialty (AGCS), a division of global insurer Allianz, has announced the promotion of Yogesh Virji to lead its UK Cyber division and the appointment of Hui Yu as a Senior Underwriter, within the UK Cyber team. Virji was previously Underwriting Manager for Financial Lines at AGCS, and ... Read the full article
AGCS expands in China & Indonesia
22nd November 2017
Allianz Global Corporate & Specialty (AGCS), a division of global insurer and reinsurer Allianz, has expanded its presence in China and Indonesia as it looks to take advantage of opportunities from growing regional insurance markets. AGCS has announced that it's started operations in Beijing, China, as a division of Allianz China's ... Read the full article
Schiavone succeeds Guffey as head of Alternative Risk Transfer, Allianz
21st November 2017
Paul Schiavone has been appointed to Global Head of Alternative Risk Transfer (ART) business at Allianz, set to replace Bill Guffey who is leaving the firm. Based in New York, Schiavone will head up ART's tailor-made solutions development for corporate, industrial and financial clients facing unusual or complex risks, including specialty insurance fronting ... Read the full article
Allianz’s captive insurance blockchain prototype shows efficiency potential
7th November 2017
Allianz Risk Transfer (ART), a division of Allianz Global Corporate & Specialty (AGCS), which is part of global insurer Allianz, has created and successfully implemented a blockchain prototype solution for a global captive insurance program of an existing ART client. ART collaborated with Ernst & Young (EY) as blockchain advisory service ... Read the full article
David Warfel named Head of Aviation, NA, AGCS
29th September 2017
The international specialist corporate insurance arm of insurer Allianz, Allianz Global Corporate & Specialty (AGCS), has announced that David Warfel will replace Mike Hansen as Head of Aviation, North America, effective October 1st, 2017. Warfel previously held the position of Head of Major Risks for Aviation at Allianz, a position he ... Read the full article
AGCS & Cyence partner to boost insurer’s cyber capabilities & develop new model
28th September 2017
Allianz Global Corporate & Specialty (AGCS), a division of global insurer Allianz, has teamed up with Cyence in order to bolster its international cyber risk analysis capabilities. Under the new partnership, Cyence, a cyber risk analytics and modelling company, will combine its cyber analytics platform with AGCS' underwriting processes, ultimately enabling ... Read the full article
AGCS launches digital distribution platform for small commercial businesses
22nd September 2017
Allianz Global Corporate & Specialty (AGCS), the corporate insurance arm of Allianz, has launched a new online distribution platform, called AllianzGo for small commercial businesses in the U.S. market. The new, innovative platform provides brokers with the ability to rate, quote, issue and service the accounts for small commercial businesses online, ... Read the full article
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