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 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
Allianz Exec Burkhard Keese appointed Lloyd’s CFO
4th February 2019
Burkhard Keese has been appointed Chief Financial Officer (CFO) of Lloyd’s following unanimous approval by Council members. Keese, who joins from Allianz Deutschland AG after seven years in the CFO position, will take take up his new role on 1 April 2019. During his time as CFO at Allianz Deutschland Keese successfully ... Read the full article
Cyber and business interruption top global risk rankings: Allianz
1st February 2019
Cyber incidents and business interruption (BI) are tied as the most concerning risks for global businesses in 2019 and beyond, according to the results of the latest Allianz Risk Barometer report. The annual survey by Allianz, which questioned 2,415 experts from 86 countries, found that 37% of respondents identified cyber as ... Read the full article
Allianz to shoulder some losses from burst Vale dam, reports
29th January 2019
Reports are emerging from Reuters that indicate global re/insurer Allianz may have to shoulder some of the costs associated with the deadly dam collapse at Vale’s Corrego do Feijao mine in Brazil. Sources have said the firm’s Global Corporate & Specialty division leads a consortium of reinsurers that assumed some risks ... Read the full article
Allianz to automate legal proceedings for injury claims using AI
28th January 2019
Allianz Insurance has launched a new digital proposition, called Defendant Hub, that uses artificial intelligence (AI) technology to automate Ministry of Justice Stage 3 injury claims. Developed in partnership with UK law firm Keoghs, Defendant Hub will provide Allianz’s injury claims handlers with an end-to-end solution for Stage 3 claims. This is ... Read the full article
Allianz partners with PIMCO to launch P&C ILS unit
25th January 2019
Premier fixed income investment manager PIMCO, which is owned by global re/insurer Allianz, has launched a new property and casualty insurance-linked securities (ILS) business, working in partnership with its parent. The new ILS business launch is to be led by Rick Pagnani as Executive Vice President (EVP), who brings more than ... Read the full article
Allianz eyes joint venture with Vietnam’s FPT after signing MoU
25th January 2019
Global insurer and reinsurer Allianz has signed a Memorandum of Understanding (MoU) with Vietnam-based IT corporation, FPT Group, which cements the firms' intentions to enter into a joint venture agreement to establish a new general insurance company in Vietnam. The MoU, which was signed on the side-lines of the World Economic ... Read the full article
Allianz, AXA & Swiss Re among brands most praised for climate actions
21st January 2019
Re/insurers Allianz, AXA and Swiss Re are among the top five companies to receive the praise from non-governmental organisations (NGOs) in 2018 due to their actions on climate change. Data compiled by research consultancy SIGWATCH shows that the trio of re/insurers overtook global brands such as McDonald’s, Aldi and H&M as ... Read the full article
Allianz announces three senior promotions
18th January 2019
Insurance giant Allianz has revealed the promotions of three senior executives, starting with Birgit König, current Chief Executive Officer of Allianz Deutschland’s private health insurer Allianz Private Krankenversicherung (APKV), who will now head the international unit Allianz Digital Health (ADH). König has been CEO of Allianz Private Krankenversicherung since 2012 and ... Read the full article
Maiden enters reinsurance deal with Allianz amid auto group sale
18th January 2019
Bermuda-based re/insurer Maiden Holdings has entered into a three-year quota share reinsurance agreement with Allianz as part of the sale of its European automotive group, AVS Automotive VersicherungsService GmbH. Maiden said that the sale of AVS and its related European subsidiaries to Allianz Partners represented another step in its strategic review. Allianz ... Read the full article
POP Insurance, Allianz launch Fusion Specialty M&A
4th January 2019
Specialist insurance group POP Insurance Holdings Pty Ltd., in partnership with Allianz Global Corporate Specialty (AGCS), a division of Allianz Australia Insurance Limited, has announced the launch of Fusion Specialty M&A MGA (Fusion M&A). The new unit is already writing business, and is offering a full suite of transactional insurance solutions, ... Read the full article
Enhanzed Re reinsurer launched by Enstar, Allianz & Hillhouse Capital
12th December 2018
Enhanzed Reinsurance Ltd. (Enhanzed Re) is a new joint-venture life and P&C reinsurer that is being launched by a partnership formed by Enstar, Allianz and investor Hillhouse Capital. Bermuda-based insurance, reinsurance and run-off specialist Enstar Group has invested in newly established Bermuda-based Class 4 and Class E reinsurer Enhanzed Reinsurance Ltd. ... Read the full article
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