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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.

Cyber the top concern for businesses in 2022: Allianz

18th January 2022

Cyber perils are viewed as the top concern for businesses globally in 2022, as natural catastrophe and climate change risks climb the rankings of the latest Allianz Risk Barometer. With 44% of respondents citing cyber incidents as their biggest concern, largely driven by the threat of ransomware attacks, the peril claimed ... Read the full article

Allianz makes commercial business leadership changes

14th January 2022

Allianz Insurance has made changes within its commercial business, adding four regional managers, who will each be responsibility for the engineering construction & power (EC&P) distribution and underwriting operations. The re/insurer has made these changes to bring together the former Commercial Broker Markets and the EC&P trading businesses. Chris Everett will lead the ... Read the full article

Allianz Claims hires Carroll as Process & Improvement Manager

4th January 2022

Allianz Claims has appointed Chantelle Carroll to the newly created role of Process and Improvement Manager. In this role, she will be in charge of a team driving new technologies, innovation, and improving processes that foster personalised claims solutions. Carroll joined Allianz earlier this month from the Eden Motor Group, where she ... Read the full article

Allianz Insurance names Stuart Toal head of mid-corporate

21st December 2021

Allianz Insurance has added Stuart Toal as head of mid-corporate, a newly-created role. Helen Bancroft is to step into the position vacated by Toal, and has been promoted to serve as the firm's new casualty account manager. Reporting to Chief Underwriting Officer, Catherine Dixon, Toal will lead the mid-corporate business, playing a ... Read the full article

Allianz to leverage AI-driven risk processing from insurtech Cytora

17th December 2021

Allianz SE has announced an agreement with London-based insurtech Cytora that will see the former integrate AI-based digital risk processing solutions into its commercial insurance business. It's hoped the move will improve Allianz' margins by enabling better risk selection. “This is great news for our customers, intermediaries and underwriters," said Jörg Hipp, ... Read the full article

Allianz names José Morago as Risk Director

14th December 2021

Allianz Holdings has appointed José Morago to the position of risk director for its personal lines business. In this role, Morago will be responsible for leading the risk function within the personal lines business and overseeing the risk activities for LV= general insurance, Petplan, L&G general insurance, Allianz Musical Insurance and ... Read the full article

Allianz $35bn reinsurance deal is net positive: AM Best

7th December 2021

Analysts at AM Best have confirmed that they have a net positive view on the recent deal entered into by Allianz to reinsure a $35 billion fixed index annuity portfolio. Allianz announced the deal with Resolution Life and affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, last week. Following ... Read the full article

Allianz to expand current strategy

6th December 2021

Global re/insurer Allianz has announced its strategic outlook for the 2022-24 cycle, placing scale at the core of its operations. The company also set its financial bar higher for the period, targeting 5-7% annual growth in earnings per share (EPS) and minimum 13% return-on-equity (RoE), as it further unlocks potential across ... Read the full article

Allianz in $35bn reinsurance agreement with Resolution Life & affiliates of Sixth Street

3rd December 2021

Allianz Life, part of the global insurer and reinsurer, has announced a new reinsurance agreement with affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, and Resolution Life, for a $35 billion fixed index annuity portfolio. The arrangement is in line with the firm's strategy to unlock value in its ... Read the full article

AGCS appoints Jody Yee as TMT Global Industry Solution Director

2nd December 2021

Allianz Global Corporate & Specialty (AGCS) has appointed Jody Yee to serve as Global Industry Solution Director for Technology, Media & Telecom (TMT). Yee brings 18 years' experience in corporate insurance and alternative risks transfer to the role, working across both the traditional insurance underwriting space as well as alternative risk ... Read the full article

Singapore fintech Pand.ai launches broker with Allianz, Etiqa & MSIG

1st December 2021

Fintech startup Pand.ai has announced the launch of GINA.sg, an English-Chinese bilingual WhatsApp Chatbot that helps car owners in Singapore find motor insurance. GINA.sg will be launched in partnership with insurers Allianz, Etiqa and MSIG. It will offer digital brokerage services for general insurance under the Monetary Authority of Singapore (MAS) Fintech ... Read the full article

Allianz makes senior appointments within Global Commercial division

29th November 2021

Elizabeth Cabrera and Joana Moniz have been appointed to the newly established Allianz Global Commercial Group Center as Head of Underwriting Strategy & Planning and Global Head of Long Tail Lines, respectively. Cabrera joins the Chief Underwriting Office with effect from November 1st and Moniz from December 1st, with both ... Read the full article

Allianz COO Stephanie Smith to depart

26th November 2021

Allianz Holdings has announced that its Chief Operations Officer (COO), Stephanie Smith, will stand down from her position and depart the company from December 31st to pursue new opportunities. Smith joined Allianz Insurance in 2009 as a Senior IT Manager before becoming Director, Operations for its Retail Division and then later ... Read the full article

Allianz ‘comfortable’ with its ‘pretty good’ reinsurance program: CFO Terzariol

12th November 2021

Global insurer Allianz made significant reinsurance recoveries in the third quarter which reduced its burden from catastrophe events in the period, leading the firm’s Chief Financial Officer (CFO), Giulio Terzariol, to discuss the firm’s use of reinsurance. After pre-announcing gross losses of €1.1 billion for the flooding in Europe in July, ... Read the full article

Allianz reports strongest Q3 despite higher nat cat experience

10th November 2021

Global insurer Allianz has reported its strongest ever third quarter performance in 2021, as total revenues and operating profit increased, year-on-year, driven by a solid performance in all business segments. Allianz has announced Q3 total revenue growth of 9.5% to €34.4 billion, alongside an 11.3% rise in operating profit to €3.2 ... Read the full article

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