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.

Defective product risk among biggest perils to business: Allianz

11th December 2017

Tougher regulation, global supply chains, materials from fewer suppliers and consumer awareness are contributing to a rise in recalls making defective product risk an increasing peril for companies, according to Allianz Global Corporate & Specialty (AGCS) report. While the average cost of significant recall is $12 million, "ripple effect" events can ... Read the full article

AGCS boosts UK cyber division with two appointments

1st December 2017

Allianz Global Corporate & Specialty (AGCS), a division of global insurer Allianz, has announced the promotion of Yogesh Virji to lead its UK Cyber division and the appointment of Hui Yu as a Senior Underwriter, within the UK Cyber team. Virji was previously Underwriting Manager for Financial Lines at AGCS, and ... Read the full article

Allianz seeks 100% ownership of Euler Hermes

27th November 2017

Insurance giant Allianz has made an offer to acquire the remaining shares of trade-credit insurer Euler Hermes, as it seeks to take control of the company. Allianz has already secured the purchase of an additional 11.34% of Euler Hermes share capital, taking its ownership to 74.34% of Euler Hermes share capital ... Read the full article

AGCS expands in China & Indonesia

22nd November 2017

Allianz Global Corporate & Specialty (AGCS), a division of global insurer and reinsurer Allianz, has expanded its presence in China and Indonesia as it looks to take advantage of opportunities from growing regional insurance markets. AGCS has announced that it's started operations in Beijing, China, as a division of Allianz China's ... Read the full article

Schiavone succeeds Guffey as head of Alternative Risk Transfer, Allianz

21st November 2017

Paul Schiavone has been appointed to Global Head of Alternative Risk Transfer (ART) business at Allianz, set to replace Bill Guffey who is leaving the firm. Based in New York, Schiavone will head up ART's tailor-made solutions development for corporate, industrial and financial clients facing unusual or complex risks, including specialty insurance fronting ... Read the full article

Allianz’s captive insurance blockchain prototype shows efficiency potential

7th November 2017

Allianz Risk Transfer (ART), a division of Allianz Global Corporate & Specialty (AGCS), which is part of global insurer Allianz, has created and successfully implemented a blockchain prototype solution for a global captive insurance program of an existing ART client. ART collaborated with Ernst & Young (EY) as blockchain advisory service ... Read the full article

China Life acquires Allianz Taiwan life portfolio

20th October 2017

Allianz Taiwan Life Insurance has reached an agreement to sell part of its traditional life insurance portfolio to China Life Insurance, as the firm pursues a strategy to actively manage its Taiwan life portfolio for more capital-efficient solutions. The transaction includes a portfolio of approximately 78,000 policies with a guaranteed interest ... Read the full article

Allianz partners with Zeguro to offer clients cyber risk guidance

4th October 2017

Allianz Group's specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has formed a partnership with software firm Zeguro, in which Zeguro will act as Chief Information Security Officer (CISO), using its platform to provide Allianz clients with guidance on cyber risk. These cyber exposure management and mitigation strategies will initially be ... Read the full article

David Warfel named Head of Aviation, NA, AGCS

29th September 2017

The international specialist corporate insurance arm of insurer Allianz, Allianz Global Corporate & Specialty (AGCS), has announced that David Warfel will replace Mike Hansen as Head of Aviation, North America, effective October 1st, 2017. Warfel previously held the position of Head of Major Risks for Aviation at Allianz, a position he ... Read the full article

AGCS & Cyence partner to boost insurer’s cyber capabilities & develop new model

28th September 2017

Allianz Global Corporate & Specialty (AGCS), a division of global insurer Allianz, has teamed up with Cyence in order to bolster its international cyber risk analysis capabilities. Under the new partnership, Cyence, a cyber risk analytics and modelling company, will combine its cyber analytics platform with AGCS' underwriting processes, ultimately enabling ... Read the full article

AGCS launches digital distribution platform for small commercial businesses

22nd September 2017

Allianz Global Corporate & Specialty (AGCS), the corporate insurance arm of Allianz, has launched a new online distribution platform, called AllianzGo for small commercial businesses in the U.S. market. The new, innovative platform provides brokers with the ability to rate, quote, issue and service the accounts for small commercial businesses online, ... Read the full article

Allianz appoints new CEOs to Allianz DE & Allianz Italia

19th September 2017

The Supervisory Board of Allianz Deutschland AG has appointed Dr. Klaus-Peter Röhler to Chairman of the Management Board (CEO) and successor to Dr. Manfred Knof, who is stepping down from the position and will take time off for health reasons. Since 2014 Röhler has been CEO of Allianz Italia SpA, a post ... Read the full article

AGCS names leader of downstream energy unit, Regional London Energy team

14th September 2017

Allianz Global Corporate & Specialty (AGCS), a division of global insurer Allianz, has announced that Anthony Vassallo has been appointed as a Senior Underwriter to lead its downstream energy unit within its Regional London Energy team. Vassallo has been with the firm since 2003, and has worked across numerous specialty lines ... Read the full article

Allianz expands African footprint with Ensure Insurance acquisition

4th September 2017

Global insurer Allianz has announced a new binding agreement to acquire 98% of Nigerian domiciled insurance firm, Ensure Insurance Plc., from its main shareholder, Greenoaks Global Holdings Ltd. Ensure Insurance provides life and non-life insurance services and during 2016 produced gross written premiums (GWP) of €11 million ($13.1mn). Nigeria has the largest ... Read the full article

Allianz and Brokerslink partnership already showing its worth

23rd August 2017

A strategic partnership between global insurer and reinsurer, Allianz, and Brokerslink, a company which is composed of brokers and risk consultant entities, provides the latter's clients in 95 countries with improved access to Allianz' solutions and is already proving successful. According to a statement Allianz clients are already benefiting from the ... Read the full article