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Allianz Africa’s Delphine Traoré named President of the African Insurance Organisation

14th June 2019

Delphine Traoré, the Chief Operations Officer (COO) of Allianz Africa has been named President of the African Insurance Organisation, effective June 12th, 2019. Traoré has served as Vice President of the organisation since 2018, and succeeds Managing Director of Ghana Union Assurance, Aretha Duku. She first joined the Regional Executive Board of ... Read the full article

Allianz Asia adds Anusha Thavarajah as regional CEO, Life & Health

12th June 2019

The Asia Pacific operations of global insurer Allianz has announced the appointment of Anusha Thavarajah as Chief Executive Officer, Life & Health. Based in Singapore, Thavarajah will oversee the functional development of Allianz’s Life & Health business in Asia – advancing the segment’s strong growth to meet Allianz Asia’s long-term strategic ... Read the full article

Allianz expands UK presence with dual acquisitions worth £820m

31st May 2019

Global insurer Allianz is to acquire Legal & General Insurance Limited, the general insurance business of Legal & General Group, in a deal worth £242 million. In addition, Allianz UK has also announced a deal to buy out the remaining 51% stake in LV General Insurance Group for up to £578 ... Read the full article

P&C segment drives higher profits for Allianz in Q1

14th May 2019

Global insurer Allianz has announced that the strong performance of its property and casualty (P&C) business in the first-quarter of 2019 significantly contributed to a 7.5% increase in overall operating profit, to €3 billion. The P&C segment produced robust results in the opening three months of the year for Allianz, recording ... Read the full article

Allianz in advanced talks to acquire L&G’s home insurance operation: Sky News

29th April 2019

Sky News has reported that global insurance giant Allianz is in advanced talks to purchase the home insurance business of Legal & General (L&G). According to reports, the British life insurance company's home insurance unit had been put up for sale last year, with Sky News reporting in December 2018 that ... 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 Global Corporate & Specialty SE promotes Mauthe to Regional CEO, CEE

1st March 2019

Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has added Hans-Joerg Mauthe as Regional Chief Executive Officer for Central & Eastern Europe (CEE). Mauthe, who joined Allianz in 1990 as a trainee in Frankfurt, will be responsible for the German market and for AGCS ... Read the full article

JLT & Allianz partner on corporate reputation cover for SMEs

28th February 2019

JLT Specialty and Allianz Global Corporate & Specialty (AGCS) have partnered on the launch of a new corporate reputation insurance product targeted at small and medium-sized enterprises (SMEs) in the UK. Reputation Protect Plus provides coverage against the loss of net operating profit from a reputational crisis combined with a crisis ... Read the full article

Allianz X gets €1bn funding for global tech investments

20th February 2019

The success of Allianz Group’s digital investment unit Allianz X has resulted in it receiving an increased funding allocation of €1 billion. The investment from Allianz SE is designed to facilitate investments into companies globally that represent a strategic relevance to the Group. Allianz X is now one of the largest European ... Read the full article

Allianz posts highest net income for 10 years, P&C performance improves

15th February 2019

Allianz has reported its highest net income of the past decade for 2018, of €7.5 billion (USD 8.5bn), helped by increased operating profit within its property and casualty (P&C) business, despite strong market volatility. A higher overall operating profit of €11.5 billion and reduced income taxes more than offset Allianz's non-operating ... Read the full article

Allianz Exec Burkhard Keese appointed Lloyd’s CFO

4th February 2019

Burkhard Keese has been appointed Chief Financial Officer (CFO) of Lloyd’s following unanimous approval by Council members. Keese, who joins from Allianz Deutschland AG after seven years in the CFO position, will take take up his new role on 1 April 2019. During his time as CFO at Allianz Deutschland Keese successfully ... 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

Allianz to shoulder some losses from burst Vale dam, reports

29th January 2019

Reports are emerging from Reuters that indicate global re/insurer Allianz may have to shoulder some of the costs associated with the deadly dam collapse at Vale’s Corrego do Feijao mine in Brazil. Sources have said the firm’s Global Corporate & Specialty division leads a consortium of reinsurers that assumed some risks ... Read the full article

Allianz to automate legal proceedings for injury claims using AI

28th January 2019

Allianz Insurance has launched a new digital proposition, called Defendant Hub, that uses artificial intelligence (AI) technology to automate Ministry of Justice Stage 3 injury claims. Developed in partnership with UK law firm Keoghs, Defendant Hub will provide Allianz’s injury claims handlers with an end-to-end solution for Stage 3 claims. This is ... Read the full article

Allianz partners with PIMCO to launch P&C ILS unit

25th January 2019

Premier fixed income investment manager PIMCO, which is owned by global re/insurer Allianz, has launched a new property and casualty insurance-linked securities (ILS) business, working in partnership with its parent. The new ILS business launch is to be led by Rick Pagnani as Executive Vice President (EVP), who brings more than ... Read the full article

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