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 Asia Pacific reports resilient FY results amid “turbulent global economy”
20th February 2023
Allianz Asia Pacific has reported that full year Property & Casualty operating profits were up 8% to €141 million, with total revenues up 17% to €1.7 billion. According to Aaron Fryer, Regional Chief Financial Officer, Allianz Asia Pacific, this was spearheaded particularly by strong growth in China, Malaysia, Singapore, and Thailand. Allianz ... Read the full article
Allianz reports 5.7% operating profit growth for 2022
17th February 2023
Allianz has reported a 5.7% increase in operating profit for 2022, ending the year at €14.2 billion as improved performance in both its property and casualty (P&C) and life and health (L&H) segments boosted results. Operating profit for the P&C segment rose by a 8.4% to €6.2 billion over the year, ... Read the full article
Insurance and preparedness will protect communities against climate change: Allianz
13th February 2023
Climate change is creating risk on an unprecedented scale, but insurers can play a role to significantly reduce the degree of their impact by helping to build resilience, according to an Allianz report. As extreme weather events cannot be prevented, using the example of flood events Allianz analysts have shared their ... Read the full article
Allianz and Marco complete P&C legacy transfer deal
23rd January 2023
European P&C insurance run-off group Marco Capital Holdings Limited has completed its Part VII transfer of Allianz Suisse liabilities concerning the remaining risks in Allianz Suisse’s UK Branch, known as The Gibbon Pool. According to the announcement, Marco received approval from the High Court to transfer the remaining risks in The ... Read the full article
Cyber and business interruption are top risks for 2023: Allianz
17th January 2023
Cyber incidents and business interruption have ranked as the biggest company concerns for the second year in succession, according to the 2023 Risk Barometer report by Allianz, with economic and energy risks also on the rise. Cyber and business interruption were both flagged as top risks by 34% of the 2,700+ ... Read the full article
Once again, UnitedHealth is the world’s largest insurer ranked by NPW
11th January 2023
Over 12% growth in net premiums written (NPW) in 2021 ensured that UnitedHealth Group Incorporated remains the world's largest insurance company when ranked by NPW, while global insurer Allianz sits atop the table when ranked by non-banking assets. Our directory of the World’s Largest Insurance Companies, which is ... Read the full article
Allianz hires new Chief Actuary
6th January 2023
Allianz Holdings has appointed Laurence Townley as Chief Actuary, effective immediately. Townley joins Allianz following 10 years of service at Direct Line as director of financial risk. Prior to joining Direct Line, Townley served in various roles at Zurich Insurance UK including Chief Actuary. In addition, he is a Fellow of the Institute ... Read the full article
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