Reinsurance News

Allianz news

News about Allianz, one of the largest global insurance and reinsurance groups.

Also news about Allianz Global Corporate & Specialty, the Allianz specialist unit that underwrites commercial insurance exposures and alternative risk transfer.

AGCS recruits AIG’s Browne as Global Head of Specialty

14th March 2023

Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has announced the appointment of Gordon Browne as Global Head of Specialty. Most recently, Browne served as Global Head of Energy & Construction and Head of North America Specialty for AIG. During his eight years at AIG he also ... Read the full article

Allianz to serve global commercial insurance segment as one business

10th March 2023

Allianz Group has announced that it will serve the global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial. The business will contain an integrated approach that encompasses its Allianz Global Corporate & Specialty (AGCS) business, serving large corporate clients and the insurance businesses of Allianz’s operating ... Read the full article

Tracy Ryan takes over as head of AGCS North America

8th March 2023

Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has announced that Tracy Ryan will join its Board of Management as Chief Regions and Markets Officer for North America She succeeds William Scaldaferri who has decided to leave Allianz after 23 years, 11 of which were spent ... Read the full article

Allianz Commercial promotes Pickersgill to regional underwriting manager, London

2nd March 2023

Allianz Commercial has announced the promotion of Karen Pickersgill to the role of regional underwriting manager for London. Pickersgill joined Allianz in 1999 following roles at Aviva and Cigna and has since held several underwriting management positions across the business, including property and casualty manager for Maidstone and then Luton. She most ... Read the full article

Allianz’s Hartmut Mai joins Cyberwrite as Group President

21st February 2023

Cyberwrite, a provider of cyber insurance products, has announced that it has appointed Allianz’s Hartmut Mai as Group President. Mai joins the firm with more than 25 years of global insurance leadership experience. In his most recent role, Mai served as the global Chief Underwriting Officer, and board member at Allianz Global ... Read the full article

Allianz Asia Pacific reports resilient FY results amid “turbulent global economy”

20th February 2023

Allianz Asia Pacific has reported that full year Property & Casualty operating profits were up 8% to €141 million, with total revenues up 17% to €1.7 billion. According to Aaron Fryer, Regional Chief Financial Officer, Allianz Asia Pacific, this was spearheaded particularly by strong growth in China, Malaysia, Singapore, and Thailand. Allianz ... Read the full article

Allianz reports 5.7% operating profit growth for 2022

17th February 2023

Allianz has reported a 5.7% increase in operating profit for 2022, ending the year at €14.2 billion as improved performance in both its property and casualty (P&C) and life and health (L&H) segments boosted results. Operating profit for the P&C segment rose by a 8.4% to €6.2 billion over the year, ... Read the full article

Insurance and preparedness will protect communities against climate change: Allianz

13th February 2023

Climate change is creating risk on an unprecedented scale, but insurers can play a role to significantly reduce the degree of their impact by helping to build resilience, according to an Allianz report. As extreme weather events cannot be prevented, using the example of flood events Allianz analysts have shared their ... Read the full article

Allianz and Marco complete P&C legacy transfer deal

23rd January 2023

European P&C insurance run-off group Marco Capital Holdings Limited has completed its Part VII transfer of Allianz Suisse liabilities concerning the remaining risks in Allianz Suisse’s UK Branch, known as The Gibbon Pool. According to the announcement, Marco received approval from the High Court to transfer the remaining risks in The ... Read the full article

Cyber and business interruption are top risks for 2023: Allianz

17th January 2023

Cyber incidents and business interruption have ranked as the biggest company concerns for the second year in succession, according to the 2023 Risk Barometer report by Allianz, with economic and energy risks also on the rise. Cyber and business interruption were both flagged as top risks by 34% of the 2,700+ ... Read the full article

Once again, UnitedHealth is the world’s largest insurer ranked by NPW

11th January 2023

Over 12% growth in net premiums written (NPW) in 2021 ensured that UnitedHealth Group Incorporated remains the world's largest insurance company when ranked by NPW, while global insurer Allianz sits atop the table when ranked by non-banking assets. Our directory of the World’s Largest Insurance Companies, which is ... Read the full article

Allianz hires new Chief Actuary

6th January 2023

Allianz Holdings has appointed Laurence Townley as Chief Actuary, effective immediately. Townley joins Allianz following 10 years of service at Direct Line as director of financial risk. Prior to joining Direct Line, Townley served in various roles at Zurich Insurance UK including Chief Actuary. In addition, he is a Fellow of the Institute ... Read the full article

Allianz (AGCS) installs dedicated ESG organisation

20th December 2022

Allianz Global Corporate & Specialty (AGCS) has installed an established, dedicated in-house organisation for Environmental, Social & Governance (ESG) activities. The firm has made several high-level leadership roles and appointments for the new leadership team. Gabrielle Durisch will join the firm from Zurich Insurance Group in April 2023 as the new Global Head ... Read the full article

Steve Stennett appointed Commercial Director of Allianz Trade UK & Ireland

16th December 2022

Allianz Trade in the UK and Ireland has hired Steve Stennett as Commercial Director. Within this role, Stennett will hold responsibility for fostering Allianz Trade’s UK and Ireland client, broker and partner relations, as well as delivering profitable growth through the steering of business development, commercial underwriting and marketing activities. He is ... Read the full article

Maxim Ryzhkov appointed CEO of Allianz Trade in China

15th December 2022

Maxim Ryzhkov has been appointed as CEO of Allianz Trade in China, effective 1 January 2023. According to the firm, Ryzhkov will be leading Allianz Trade in one of the largest and fastest-growing markets in the Asia Pacific region. Before this appointment, Ryzhkov was Commercial Director for Allianz Trade in Nordic, overseeing ... Read the full article