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Allianz

Allianz closes €500m purchase of auto, other P&C business from SulAmérica

13th July 2020

Global insurer Allianz has closed the acquisition of the automobile and other Property & Casualty business from SulAmérica for around BRL 3.2 billion (€0.5 billion). This deal was first announced late last year and sees Allianz grow its geographical footprint in Brazil. “This represents our largest investment in Brazil,” said Iván de ... Read the full article

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

Allianz (AGCS) SE reorganises Board roles

22nd June 2020

Allianz Global Corporate & Specialty SE, the industrial insurer of the Allianz Group, has announced a realignment of its Board of Management, focusing on responsibilities for regions and markets as well as for Underwriting and Claims functions. Effective from July 1, the number of Chief Regions & Markets Officers (CRMO) on ... Read the full article

Allianz (AGCS) names Head of Aviation for Regional Unit London

9th June 2020

Allianz Global Corporate & Specialty (AGCS), a division of global re/insurer Allianz, has announced the appointment of Jonathan Milford-Cottam as Head of Aviation for the company’s Regional Unit London. He succeeds Tom Fadden, current Global Head of Aviation, who has had a dual role since June 2019. Going forward, Milford-Cottam will have ... 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

Allianz & Lime partner on micromobility safety insurance

3rd June 2020

Global insurer Allianz has entered into a strategic partnership with Lime, a leading provider of shared micromobility solutions, focused on improving the safety of micromobility. Lime, together with Allianz, through its Allianz Partners unit, have launched a comprehensive insurance program that automatically provides Lime riders with Personal Accident Insurance, and Liability ... Read the full article

Allianz adds Rebecca Rogers as head of property claims

2nd June 2020

Global insurer Allianz has announced the appointment of Rebecca Rogers as head of property claims. She brings over 23 years' experience and joins from LV= having served as commercial property technical and relationship manager. She will be responsible for the development of Allianz’ property claims handling strategies, technical best practice and ensuring overall ... Read the full article

Allianz & Generali eyeing life asset divestment: reports

28th May 2020

European insurance giants Allianz and Generali could be preparing to sell billions of euros of life insurance assets in order to free up capital amid the COVID-19 pandemic, according to reports from Bloomberg. Sources told the publication that Allianz has been working with Morgan Stanley to divest as much as €9 ... Read the full article

Allianz names Catharina Richter as Head of Cyber Center of Competence

20th May 2020

Allianz Group has announced the appointment of Catharina Richter as Global Head of its Cyber Center of Competence (CoC), effective June 1st. Established in 2018, the Allianz Cyber CoC is embedded into Allianz Global Corporate & Specialty (AGCS) and focuses on coordination and alignment of cyber exposures and insurance in the ... Read the full article

Allianz’ Q1 net income falls 29% off COVID-19 P&C impacts

12th May 2020

Global insurer Allianz saw its net income fall 28.9% to €1.4 billion in the first quarter, driven primarily by the impact of coronavirus on its property and casualty segment. Higher claims from natural catastrophes, as well as coronavirus-related losses, drove P&C operating profit down 29.1% to €1 billion against the prior ... Read the full article

Allianz withdraws 2020 guidance, expects Q1 profit dip

1st May 2020

Allianz is the latest global insurer and reinsurer to withdraw its operating profit target for 2020 as the COVID-19 coronavirus pandemic continues to drive widespread uncertainty and financial market volatility. As a result of the uncertain macroeconomic outlook being caused by the virus outbreak and the now available updated financial plans ... Read the full article

Allianz sets up bancassurance venture in Spain with BBVA

28th April 2020

Allianz has announced that it plans to set up a bancassurance joint venture in Spain with Banco Bilbao Vizcaya Argentaria (BBVA) that will allow it to distribute its property and casualty insurance products through BBVA’s network. The French insurer will acquire 50% plus 1 share in the joint venture for €277 ... Read the full article

COVID-19 heightens risk for cargo shippers, transportation firms: Allianz

23rd April 2020

A report by global insurer Allianz has underlined the impact coronavirus-related lockdown measures could have on cargo shippers and transportation companies, as supply chains continue to face prolonged disruption. Allianz notes how the growing number of locked down and unmanned facilities means not only a greater risk of theft and fire ... Read the full article

COVID-19 insured losses are going to be massive, says Allianz CEO

17th April 2020

Oliver Bäte, the Chief Executive Officer (CEO) of global insurer and reinsurer Allianz, has said in an interview with Bloomberg Television that while the company itself doesn't have large exposures, for the industry, losses from the COVID-19 coronavirus pandemic are going to be massive. The unprecedented changes and challenges created by ... Read the full article

Allianz Partners add Vinay Surana as CEO, Asia Pacific

17th April 2020

Allianz Partners has announced the appointment of Vinay Surana as Regional Chief Executive Officer, Asia Pacific. Based in Singapore, Surana will lead the Asia Pacific business with responsibility for Australasia, China, Japan, India and South East Asia. He reports directly to Dan Assouline, Global Head of Markets and Board Member, Allianz Partners. Surana ... Read the full article

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