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.
Allianz to phase out coal-based business models in P&C insurance by 2040
4th May 2021
Global insurer Allianz has unveiled a number of new guidelines for coal-based business models in both property and casualty (P&C) insurance and proprietary investments from 2023 onwards. By 2040, Allianz intends to completely phase out coal-based business models in P&C insurance, which is in line with scientific recommendations for a faster ... Read the full article
AGCS appoints David Brown to succeed Boyd as Capital Solutions lead
15th April 2021
Allianz Global Corporate & Specialty (AGCS) has recruited insurance linked markets head David Brown to lead its capital solutions unit, succeeding long-term colleague Richard Boyd in the role. He's expected to officially start on July 1, subject to local regulatory approval. Boyd, meanwhile, is leaving Allianz and moving back to the United ... Read the full article
Tewes-Kampelmann to succeed Ahmed as CEO of Allianz Re
9th April 2021
Allianz SE Reinsurance (Allianz Re), the reinsurance arm of the global insurance carrier, has announced that Holger Tewes-Kampelmann will succeed Amer Ahmed as its Chief Executive Officer (CEO), effective May 1st, 2021. Ahmed, who is leaving the role to pursue new responsibilities outside of the Group, joined Allianz Global Corporate and ... Read the full article
Allianz considering offer for The Hartford after Chubb rejection: reports
29th March 2021
German re/insurer Allianz is exploring an offer for The Hartford, after the U.S. property and casualty insurer rejected a recent offer from Chubb, according to Bloomberg reports. Bloomberg, citing people familiar the matter, reports that Allianz is discussing options with potential advisers and views The Hartford as one of the remaining ... Read the full article
Allianz & SiriusPoint invest in $118m round for Pie Insurance
26th March 2021
Pie Insurance, an insurtech specializing in workers' comp insurance for small businesses, has raised $118 million in a Series C funding round led by Allianz X and Acrew Capital. Also participating in the round were existing investors SiriusPoint, Greycroft, SVB Capital, Elefund, and Moxley Holdings. The investment is expected to help Pie ... Read the full article
Aviva sells Polish arm to Allianz for €2.5bn
26th March 2021
London-headquartered insurer Aviva has reached an agreement with Allianz to sell its entire shareholding in Aviva Poland for €2.5 billion in cash. The deal, which values the Polish business at €2.5 billion, follows the sale of Italian P&C unit Aviva Italia S.p.A. to Allianz for €330 million earlier this month. In ... Read the full article
Allianz warns industry of climate compliance challenges
25th March 2021
Analysts at Allianz have warned that actions to address climate change pose significant operational and compliance challenges for re/insurance companies, with growing scrutiny for those that over-promise or lag behind. Although the pandemic caused re/insurers and governments alike to shift their priorities over 2020, Allianz believes that the issue will move ... Read the full article
Major re/insurance players commit $2mn to Oasis Loss Modelling Framework
23rd March 2021
A number of the world’s biggest players in re/insurance have committed additional funds to support the development of open source catastrophe modelling platform Oasis. Companies include Aon, Allianz, AXA, Chubb, Guy Carpenter, Hannover Re, Lloyd’s, RenaissanceRe, Swiss Re, SCOR, Willis Re and the Insurance Development Forum. The supporting international re/insurers and brokers ... Read the full article
Allianz Life makes Jasmine Jirele president and CEO
17th March 2021
Allianz Life Insurance Company of North America (Allianz Life), has appointed Jasmine Jirele as president and CEO of Allianz Life, succeeding President and CEO Walter White, who will retire at the end of this year. Jirele’s leadership experience spans strategy, product innovation, marketing, operations, and digital and experience management. She has served ... Read the full article
Allianz to acquire the Italian P/C entity of Aviva
4th March 2021
Global insurer Allianz is set to acquire Aviva Italia S.p.A., the Italian P/C entity of Aviva Group, for €330 million. Aviva expects to use the increased capital and cash to support its previously announced capital framework of debt reduction, investment for long-term growth and return of excess capital to shareholders. The portfolio ... Read the full article
Munich Re, AGCS & Google Cloud partner on cyber insurance solution
2nd March 2021
Munich Re, Allianz Global Corporate and Specialty (AGCS) and Google Cloud have announced a collaboration designed to provide customers with increased cloud security and potentially bring down costs. The Risk Protection Program builds on Google Cloud's engineered-in security toolset and consists of two parts. First, a diagnostic tool called Risk Manager enables ... Read the full article
AGCS hires Michael Furtschegger as Global Head of Entertainment
25th February 2021
Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has appointed Michael Furtschegger as Global Head of Entertainment. He will be based in Munich and report to AGCS SE Board Member and Chief Underwriting Officer Specialty Renate Strasser. The AGCS Entertainment line of business provides specialised insurance ... Read the full article
Allianz reports 14% dip in net income; €1.3bn COVID-19 impact for 2020
19th February 2021
Global re/insurer Allianz has reported operating profit of €10.8 billion for 2020 and net income of €6.8 billion, which includes a negative COVID-19 impact of €1.3 billion for the period. Operating profit fell by more than 9% year-on-year, driven mostly by the adverse impacts from the ongoing COVID-19 pandemic. As a result ... Read the full article
Pandemic-related risks front and centre for corporates in 2021: Allianz
20th January 2021
The 10th annual Allianz Risk Barometer reveals that exposures related to the ongoing COVID-19 pandemic are considered the top business risks in 2021, with business interruption (BI) taking the top spot for the eighth time. A significant 41% of responses see BI as the top risk to business in 2021, followed ... Read the full article
Jeremy Sharpe to lead AGCS Global Distribution unit
9th December 2020
Allianz Group’s specialist carrier for corporate insurance business, Allianz Global Corporate & Specialty (AGCS), has appointed Jeremy Sharpe to lead its Global Distribution unit, succeeding Patrick Thiels. Thiels will now lead its Mediterranean & Africa region, succeeding the current Regional Managing Director, Corinne Cipière who has been appointed to a Board ... Read the full article
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