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 (AGCS) installs dedicated ESG organisation

20th December 2022

Allianz Global Corporate & Specialty (AGCS) has installed an established, dedicated in-house organisation for Environmental, Social & Governance (ESG) activities. The firm has made several high-level leadership roles and appointments for the new leadership team. Gabrielle Durisch will join the firm from Zurich Insurance Group in April 2023 as the new Global Head ... Read the full article

Steve Stennett appointed Commercial Director of Allianz Trade UK & Ireland

16th December 2022

Allianz Trade in the UK and Ireland has hired Steve Stennett as Commercial Director. Within this role, Stennett will hold responsibility for fostering Allianz Trade’s UK and Ireland client, broker and partner relations, as well as delivering profitable growth through the steering of business development, commercial underwriting and marketing activities. He is ... Read the full article

Maxim Ryzhkov appointed CEO of Allianz Trade in China

15th December 2022

Maxim Ryzhkov has been appointed as CEO of Allianz Trade in China, effective 1 January 2023. According to the firm, Ryzhkov will be leading Allianz Trade in one of the largest and fastest-growing markets in the Asia Pacific region. Before this appointment, Ryzhkov was Commercial Director for Allianz Trade in Nordic, overseeing ... Read the full article

AGCS outlines the five most-worrying trends for 2023

15th December 2022

Allianz Global Corporate & Specialty (AGCS) has released a new report giving its insights for the coming year on the international directors and officers market. The report says that the five trends needed to guard against in 2023 are economic and recession risks, cyber security struggles, ESG disclosures and exposures, US class ... Read the full article

Canada Life Reinsurance announces mortality transaction with Allianz Indonesia

14th December 2022

Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has entered into a structured mortality transaction with Allianz Indonesia, expanding its footprint in Asia. Under the agreement, Canada Life Reinsurance will provide protection against adverse mortality experience on a portfolio of credit life business. According to Gareth Dobson, who ... Read the full article

Allianz maintains position as largest European non-life insurer

14th December 2022

New data from AM Best shows that Germany’s Allianz continues to hold on to its position as the largest European non-life insurer, based on gross premiums written for 2021. Allianz topped the rating agency’s table of the 30 largest insurers, boasting GWP of €60,273 million, up 4.3% from €57,772 million in ... Read the full article

Allianz Commercial promotes Kuldip Kang to claims proposition manager

8th December 2022

Allianz Commercial has promoted Kuldip Kang to the position of claims proposition manager. In her new role, Kang will oversee the propositions, communications, customer experience, and claims relationship manager (CRM) teams. She joined Allianz nine years ago and replaces Emily Mills, who has joined KPMG. She will report to Margaret Scott, director of claims strategy ... Read the full article

Allianz Commercial launches new model to support independent brokers

5th December 2022

Allianz Commercial has announced the launch of a new model to provide a consistent and tailored approach to broker relationships. In the new model, brokers will be segmented into three tiers - identified as Broker Partners, Prime Partners or Strategic Partners - and each will receive a unique package of support. Each ... Read the full article

Insurance crucial for Asia to face climate challenges

17th November 2022

Insurance has a crucial role in anticipating, identifying, and managing climate-related risks in Asia, says Anusha Thavarajah, Regional Chief Executive Officer, Allianz Asia Pacific. Temperatures are rising two times faster in Asia than in global average, and the continent is at the frontline of the risks of climate change. Additionally it ... Read the full article

Allianz Re names Thorsten Fromhold Chief Group Reinsurance Buyer

16th November 2022

Allianz Re has appointed Thorsten Fromhold as Chief Group Reinsurance Buyer (CGRB), effective January 1, 2023. The role will form a new, dedicated function within the Board of Allianz Re, separate from assumed business. In his role Fromhold will be overseeing all external Allianz reinsurance placements including cessions out of Allianz ... Read the full article

Allianz appoints James Maxwell to new role

16th November 2022

Allianz has appointed James Maxwell to be its new risk director for its commercial business. Reporting to Allianz Holdings chief risk officer, John Berry, Maxwell will have responsibility for overseeing all risk matters within the Commercial lines business and will also serve as a member of the Commercial executive committee. The role ... Read the full article

Allianz sees operating profit grow 7.4% in Q3 2022

10th November 2022

Allianz has released its Q3 results, saying that operating profit grew by 7.4% in the period to reach €3.5bn. The firm also said, through a statement on its website, that total revenues rose 1.3% in the period to reach €34.8bn. It attributed the growth in its operating profit to what it ... Read the full article

SCR ratio reduction unlikely to have significant impact: GlobalData

9th November 2022

Solvency capital requirements for UK insurers may be relaxed in the near future following the September 2022 mini budget, but according to GlobalData, findings have shown that leading UK insurers are not coming close to the existing limits. GlobalData stated that as part of the mini-budget, the current Solvency Capital Requirement ... Read the full article

Allianz Commercial appoints Carey as Managing Director, mid-market

19th October 2022

Allianz Commercial has announced that it has appointed David Carey to the newly created position of managing director, mid-market, effective from April 2023, subject to regulatory approval. Within this role, he will hold responsibility for leading Allianz Commercial’s regional trading teams, as well as focusing delivery on key customer segments and ... Read the full article

Allianz completes acquisition of Jubilee businesses in East Africa

10th October 2022

Allianz has announced that it has completed its transaction to acquire a majority stake in Jubilee Holdings Limited’s general insurance business in East Africa, namely in Kenya, Uganda, Tanzania, Burundi and Mauritius. The two companies had originally announced the $100 million takeover back in September 2020, when Allianz agreed to ... Read the full article