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.
Swiss Re adds Allianz’ Youngran Kim as group CTO
23rd January 2020
Global reinsurer Swiss Re has appointed Youngran Kim to the role of group Chief Technology Officer, a newly created position. Kim joins from Allianz Asia Pacific, where she has served as regional Chief Information Officer for the past two years. The appointment, based in Zurich, is effective April 1. Prior to Allianz, she ... Read the full article
Allianz’ AGCS unit adds Henning Haagen as specialty CUO
23rd January 2020
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz, has appointed Henning Haagen as Chief Underwriting Officer Specialty. Effective March 1, Haagen will succeed Paul O’Neill and serve as a member of the board of management. He brings over 20 years’ experience to the role and will take ... Read the full article
Allianz aims to double net zero asset commitments, says CEO at Davos
21st January 2020
Oliver Bäte, the Chief Executive Officer (CEO) of global insurer and reinsurer Allianz, has said that through meetings with various investors at the World Economic Forum (WEF) in Davos, the firm is looking to get a doubling of the commitments made under the Net-Zero Asset Owner Alliance. The Net-Zero Asset Owner ... Read the full article
Cyber tops Allianz’ 2020 risk survey
17th January 2020
For the first time ever, Cyber incidents ranked as the most important business risk globally in the ninth Allianz Risk Barometer 2020. Cyber risk was selected by 39% of respondents, overtaking Business interruption, which was chosen by 37%. Awareness of the cyber threat has grown rapidly in recent years, driven by companies ... Read the full article
Allianz opens historic insurance holding company in China
16th January 2020
Global insurer Allianz has opened China’s first fully foreign-owned insurance holding company. Based in Shanghai, it’s hoped the company will support Allianz’ growth ambitions in the country by enhancing its strategic and financial flexibility. Its opening follows recent business registration with the Shanghai Market Administration and Registration Bureau and earlier regulatory ... Read the full article
Allianz bolsters claims supply and experts team with dual hire
16th January 2020
Global insurance giant Allianz has appointed Nathan McLay and Kevin Knight to its claims supply and experts team. McLay, who joined Allianz in 2012, has been appointed to the role of motor engineer services manager, following the retirement of Paul Roberts. He will be responsible for the embedding recent structural and operational ... Read the full article
Allianz completes acquisition of remaining stake in LV=GI
2nd January 2020
Global insurer and reinsurer Allianz has completed its previously announced acquisition of the remaining 51% stake in Liverpool Victoria Friendly Society's (LV=) UK General Insurance businesses (LV=GI). The deal was first announced at the end of May 2019 alongside news that Allianz is to acquire Legal & General Insurance Limited, ... Read the full article
S&P turns negative on Allianz AGCS unit
3rd December 2019
S&P Global Ratings considers Allianz Global Risk US Insurance Co.'s (AGRUS) continuing underperformance relative to peers as a hindrance to the performance of its parent Allianz Global Corporate & Specialty (AGCS), revising its outlook on AGRUS to negative from stable. S&P believe the recent change in CEO at AGCS indicates ... Read the full article
Allianz AGCS announces launch of new value-added services
19th November 2019
Allianz Global Corporate & Specialty (AGCS), insurance giant Allianz's corporate insurance arm, has announced the establishment of AGCS Services, a new business initiative designed to provide value-added services to its corporate clients. AGCS explains that the offering includes risk consulting, captive fronting and crisis management solutions, and will initially be launched ... Read the full article
Allianz receives approval for Chinese holding company
15th November 2019
Germany-based insurance giant Allianz is to commence the operation of China's first fully foreign-owned insurance holding company, after receiving approval from the China Banking and Insurance Regulatory Commission (CBIRC). Based in Shanghai, Allianz (China) Insurance Holding Company will support the growth ambitions in the country by enhancing the insurer's strategic and ... Read the full article
Allianz AGCS adds Williams as global head of financial lines
15th November 2019
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has appointed Shanil Williams as global head of financial lines, effective November 15. Williams, who joined AGCS in 2016 as global head of commercial for New Zealand, succeeds Bernard Poncin, who is set to leave the ... Read the full article
Allianz & Microsoft partner on open-source insurance platform
14th November 2019
Global insurance giant Allianz has partnered with multinational technology company Microsoft to re-imagine the insurance industry experience through digital transformation. The new strategic partnership has a focus on digitally transforming the insurance sector and is designed to simplify the insurance process while at the same time creating an improved experience for ... Read the full article
Allianz AGCS announces CEO succession amid leadership changes
14th November 2019
Allianz Global Corporate & Specialty (AGCS), Allianz's specialist carrier for corporate insurance business, has announced that Joachim Müller will replace Chris Fischer Hirs as Chief Executive Officer (CEO), effective December 1st, 2019. It was revealed in the media recently that AGCS CEO Fischer Hirs had departed the firm, and the ... Read the full article
Allianz AGCS CEO Fischer Hirs reported to have departed firm
12th November 2019
Chris Fischer Hirs the Chief Executive Officer of Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has reportedly departed suddenly from the firm. The news was first reported in Germany by Herbert Frommes Insurance Monitor, with speculation surrounding the precise reason for the departure. Update: Read the full article
Allianz posts strong Q3 operating profit despite dip in P&C
8th November 2019
Global insurance giant Allianz has reported a slight increase in net income to €1.9 billion for the third-quarter of 2019, while operating profit was strong at €3 billion despite a decline in Property and Casualty (P&C). Overall, Allianz saw its total revenues increase by just over 8% to €33.4 billion in ... Read the full article
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