Reinsurance News


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

Allianz ART adds AXIS Re’s Kiernan to lead North America reinsurance

23rd March 2020

Former Chief Underwriting Officer and president of AXIS Re in Bermuda, Peter Kiernan, has joined Allianz Global Corporate & Specialty as head of reinsurance North America for its Alternative Risk Transfer division. Kiernan brings over 13 years’ experience to the role and will remain working out of Bermuda. His departure from AXIS ... Read the full article

Allianz board member Axel Theis to retire, successor named

24th February 2020

Axel Theis, Allianz SE’s member of the board responsible for insurance in German speaking countries and Central and Eastern Europe is set to retire on March 1 after 33 years with the company. Klaus-Peter Röhler, currently chairman of the board of management of Allianz Deutschland AG and Allianz Versicherungs-AG, has been ... Read the full article

AGCS reserve strengthening stunts Allianz’ P&C performance

21st February 2020

Global insurer Allianz has seen its property and casualty segment full year results negatively impacted following €600 million of reserve strengthening within Allianz Global Corporate & Specialty SE (AGCS). AGCS was also afflicted by lower operating investment income, although this was partly compensated by an improved expense ratio. As a result, the ... Read the full article

Allianz promotes Margo Young to Chief Compliance Officer

27th January 2020

Global insurer Allianz has promoted Margo Young to the role of Chief Compliance Officer, replacing the recently-retired Ann Alexander. Young has been with Allianz’ compliance team since 2003 and most recently served as deputy to Alexander. In her role as deputy CCO she supported the transfer of Allianz’s home and personal motor ... Read the full article

Swiss Re adds Allianz’ Youngran Kim as group CTO

23rd January 2020

Global reinsurer Swiss Re has appointed Youngran Kim to the role of group Chief Technology Officer, a newly created position. Kim joins from Allianz Asia Pacific, where she has  served as regional Chief Information Officer for the past two years. The appointment, based in Zurich, is effective April 1. Prior to Allianz, she ... Read the full article

Allianz’ AGCS unit adds Henning Haagen as specialty CUO

23rd January 2020

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz, has appointed Henning Haagen as Chief Underwriting Officer Specialty. Effective March 1, Haagen will succeed Paul O’Neill and serve as a member of the board of management. He brings over 20 years’ experience to the role and will take ... Read the full article

Allianz aims to double net zero asset commitments, says CEO at Davos

21st January 2020

Oliver Bäte, the Chief Executive Officer (CEO) of global insurer and reinsurer Allianz, has said that through meetings with various investors at the World Economic Forum (WEF) in Davos, the firm is looking to get a doubling of the commitments made under the Net-Zero Asset Owner Alliance. The Net-Zero Asset Owner ... Read the full article

Cyber tops Allianz’ 2020 risk survey

17th January 2020

For the first time ever, Cyber incidents ranked as the most important business risk globally in the ninth Allianz Risk Barometer 2020. Cyber risk was selected by 39% of respondents, overtaking Business interruption, which was chosen by 37%. Awareness of the cyber threat has grown rapidly in recent years, driven by companies ... Read the full article

Allianz opens historic insurance holding company in China

16th January 2020

Global insurer Allianz has opened China’s first fully foreign-owned insurance holding company. Based in Shanghai, it’s hoped the company will support Allianz’ growth ambitions in the country by enhancing its strategic and financial flexibility. Its opening follows recent business registration with the Shanghai Market Administration and Registration Bureau and earlier regulatory ... Read the full article

Allianz bolsters claims supply and experts team with dual hire

16th January 2020

Global insurance giant Allianz has appointed Nathan McLay and Kevin Knight to its claims supply and experts team. McLay, who joined Allianz in 2012, has been appointed to the role of motor engineer services manager, following the retirement of Paul Roberts. He will be responsible for the embedding recent structural and operational ... Read the full article

Allianz completes acquisition of remaining stake in LV=GI

2nd January 2020

Global insurer and reinsurer Allianz has completed its previously announced acquisition of the remaining 51% stake in Liverpool Victoria Friendly Society's (LV=) UK General Insurance businesses (LV=GI). The deal was first announced at the end of May 2019 alongside news that Allianz is to acquire Legal & General Insurance Limited, ... 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 receives approval for Chinese holding company

15th November 2019

Germany-based insurance giant Allianz is to commence the operation of China's first fully foreign-owned insurance holding company, after receiving approval from the China Banking and Insurance Regulatory Commission (CBIRC). Based in Shanghai, Allianz (China) Insurance Holding Company will support the growth ambitions in the country by enhancing the insurer's strategic and ... Read the full article

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