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.

Regulator applies additional capital requirement to Allianz Australia

14th August 2019

After conducting a self-assessment in 2018, Allianz Australia, a division of global re/insurer Allianz, has had an additional $250 million capital requirement imposed by the Australian Prudential Regulation Authority (APRA). Allianz was one of 36 banks, insurers and superannuation companies that the APRA asked to conduct a self-assessment in 2018, which ... Read the full article

Allianz reports solid Q2 profitability on improved L&H result

2nd August 2019

Global insurer Allianz has reported total revenue and net income growth for the second-quarter of 2019, as a higher operating result in Life and Health (L&H) more than offset a decline in Property and Casualty (P&C) on the back of a lower investment result. Total revenues increased by 6.1% in the ... Read the full article

Allianz in talks to buy P&C, auto units from Brazilian insurer Sul América

3rd July 2019

Allianz is currently in bilateral talks with Brazilian insurer Sul América S.A. regarding the potential acquisition of its property & casualty (P&C) and auto units. Sul América revealed in a recent securities filing that it had received a nonbinding offer from Allianz and was in the process of discussing a possible ... Read the full article

Allianz partners with insurtech firm Wrisk to digitalise UK auto products

27th June 2019

Allianz Partners has announced a new partnership with UK-based insurtech firm Wrisk that will help to digitalise the products offered by Allianz Automotive, the business line that focuses on the needs of car manufacturer’s customers. The objective of the partnership is to jointly offer new automotive insurance products on Wrisk’s mobile ... Read the full article

Allianz to sell stake in Spanish bancassurance venture

24th June 2019

Global insurer Allianz has announced plans with Banco Santander to sell its 60% stake in its joint Spanish bancassurance venture, Allianz Popular SL. Banco Santander has agreed to pay €936.5 million for the acquisition of Allianz’s holding and for the termination of the exclusive non-life distribution agreement with Allianz’s operating entity ... Read the full article

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