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 $35bn reinsurance deal is net positive: AM Best

7th December 2021

Analysts at AM Best have confirmed that they have a net positive view on the recent deal entered into by Allianz to reinsure a $35 billion fixed index annuity portfolio. Allianz announced the deal with Resolution Life and affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, last week. Following ... Read the full article

Allianz to expand current strategy

6th December 2021

Global re/insurer Allianz has announced its strategic outlook for the 2022-24 cycle, placing scale at the core of its operations. The company also set its financial bar higher for the period, targeting 5-7% annual growth in earnings per share (EPS) and minimum 13% return-on-equity (RoE), as it further unlocks potential across ... Read the full article

Allianz in $35bn reinsurance agreement with Resolution Life & affiliates of Sixth Street

3rd December 2021

Allianz Life, part of the global insurer and reinsurer, has announced a new reinsurance agreement with affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, and Resolution Life, for a $35 billion fixed index annuity portfolio. The arrangement is in line with the firm's strategy to unlock value in its ... Read the full article

AGCS appoints Jody Yee as TMT Global Industry Solution Director

2nd December 2021

Allianz Global Corporate & Specialty (AGCS) has appointed Jody Yee to serve as Global Industry Solution Director for Technology, Media & Telecom (TMT). Yee brings 18 years' experience in corporate insurance and alternative risks transfer to the role, working across both the traditional insurance underwriting space as well as alternative risk ... Read the full article

Singapore fintech Pand.ai launches broker with Allianz, Etiqa & MSIG

1st December 2021

Fintech startup Pand.ai has announced the launch of GINA.sg, an English-Chinese bilingual WhatsApp Chatbot that helps car owners in Singapore find motor insurance. GINA.sg will be launched in partnership with insurers Allianz, Etiqa and MSIG. It will offer digital brokerage services for general insurance under the Monetary Authority of Singapore (MAS) Fintech ... Read the full article

Allianz makes senior appointments within Global Commercial division

29th November 2021

Elizabeth Cabrera and Joana Moniz have been appointed to the newly established Allianz Global Commercial Group Center as Head of Underwriting Strategy & Planning and Global Head of Long Tail Lines, respectively. Cabrera joins the Chief Underwriting Office with effect from November 1st and Moniz from December 1st, with both ... Read the full article

Allianz COO Stephanie Smith to depart

26th November 2021

Allianz Holdings has announced that its Chief Operations Officer (COO), Stephanie Smith, will stand down from her position and depart the company from December 31st to pursue new opportunities. Smith joined Allianz Insurance in 2009 as a Senior IT Manager before becoming Director, Operations for its Retail Division and then later ... Read the full article

Allianz ‘comfortable’ with its ‘pretty good’ reinsurance program: CFO Terzariol

12th November 2021

Global insurer Allianz made significant reinsurance recoveries in the third quarter which reduced its burden from catastrophe events in the period, leading the firm’s Chief Financial Officer (CFO), Giulio Terzariol, to discuss the firm’s use of reinsurance. After pre-announcing gross losses of €1.1 billion for the flooding in Europe in July, ... Read the full article

Allianz reports strongest Q3 despite higher nat cat experience

10th November 2021

Global insurer Allianz has reported its strongest ever third quarter performance in 2021, as total revenues and operating profit increased, year-on-year, driven by a solid performance in all business segments. Allianz has announced Q3 total revenue growth of 9.5% to €34.4 billion, alongside an 11.3% rise in operating profit to €3.2 ... Read the full article

Allianz Insurance adds Chris Varley as Chief Analytics Officer

9th November 2021

Allianz Insurance has added Chris Varley as Chief Analytics Officer, a newly created position effective from March 2022. Varley will be responsible for increasing data and pricing capabilities while creating a distinct analytics strategy across the organisation. He joins from Willis Towers Watson, having served as a senior director in a role ... Read the full article

Allianz promotes Anusha Thavarajah to lead Asia Pacific as CEO

5th November 2021

Global insurer Allianz has appointed Anusha Thavarajah to lead its Asia Pacific operations as regional Chief Executive Officer, succeeding Solmaz Altin, who has decided to part ways with the company after 13 years’ of service. In her new role, Thavarajah will be responsible for delivering Allianz Asia Pacific’s long-term growth strategy ... Read the full article

Allianz raises European flood loss to €1.1 billion

25th October 2021

Global insurer Allianz is now expecting gross losses of approximately €1.1 billion from the impacts of storm Bernd across Germany, Belgium, and the Netherlands in July. In early August, Allianz pegged its losses from the July flooding across parts of Europe at €900 million, of which it said roughly €500 ... Read the full article

AGCS’ ART division appoints Houlihan to lead Americas on permanent basis

22nd October 2021

Allianz Global Corporate & Specialty (AGCS) has named Thomas Houlihan as the firm's permanent regional head of Americas within its Alternative Risk Transfer (ART) division. Based in New York, he reports to Grant Maxwell, global head of ART. Houlihan has been serving in this role on an interim basis since May 2021 ... Read the full article

Allianz report highlights growing threat of ‘ransomware pandemic’

15th October 2021

An Allianz Global Corporate & Specialty (AGCS) report has identified a number of key trends in the ransomware space re/insurers should be aware of in order to protect itself from cyber criminals, including the recent development of ‘ransomware as a service’. AGCS’ report explains how ransomware as a service has made ... Read the full article

Allianz in P&C legacy transfer deal with Marco

13th October 2021

Allianz has entered into a deal with European P&C insurance run-off group Marco Capital Holdings Limited concerning the transfer of the remaining risks in Allianz Suisse’s UK Branch. The risks in Allianz Suisse’s UK Branch were underwritten by R.W. Gibbon and are therefore known as “The Gibbon Pool”. “I am pleased to ... Read the full article