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 agrees €2.6bn sale of stake in Indian non-life & life JVs to Bajaj Group
17th March 2025
Global insurer Allianz has agreed to sell its 26% stake in Bajai Allianz General Insurance Company and Bajaj Allianz Life Insurance Company to the Bajaj Group for around €2.6 billion, bringing an end to the joint venture agreements between the German insurer and Bajaj Finserv Ltd., an Indian non-banking financial ... Read the full article
Allianz sees record operating profit in 2024 as all segments grow
28th February 2025
Allianz has reported a record operating profit of €16 billion for 2024, up 8.7% from 2023, supported by all business segments, with the Property-Casualty business being the main driver. Meanwhile, the firm's net income attributable to shareholders in 2024 was €9.9 billion, up 16.3% from 2023, while total business volume grew ... Read the full article
Allianz Partners names Dominic Gantner MD Greater Southeast Asia
19th February 2025
Allianz Partners has announced the appointment of Dominic Gantner as Managing Director for Greater Southeast Asia (GSEA), effective March 1, 2025. He takes over from Steve Watkins, who is retiring after more than two decades with the company. Gantner will be responsible for Allianz Partners' business in key GSEA markets including Thailand, ... Read the full article
Sarah Murrow to succeed James Daly as CEO of Allianz Trade in Americas
10th February 2025
Allianz Trade has announced changes to its regional leadership teams, with James Daly, CEO of Allianz Trade in the Americas, set to retire on June 30, 2025, with Sarah Murrow, currently CEO of Allianz Trade in the UK & Ireland, will succeed him on July 1, 2025. This appointment is subject ... Read the full article
Allianz, IAG considering bid for Western Australia’s top insurer: Bloomberg
6th February 2025
Allianz and Insurance Australia Group (IAG) are considering bids for the insurance division of the Royal Automobile Club of Western Australia (RAC), according to a recent Bloomberg article. A spokesperson for RAC confirmed the review, stating the organisation is always looking to enhance its member experience and services, including insurance, but ... Read the full article
Cyber attacks considered top business concern for 2025: Allianz
15th January 2025
Cyber incidents are considered the top risk for companies globally in 2025, according to the Allianz Risk Barometer. Business interruption is also a main concern for companies of all sizes, remaining in second place, with natural catastrophes ranking third. Geopolitical turmoil, impact of government and regulatory change, and fear of trade wars ... Read the full article
Ranked by 2023 NPW, health carriers again dominate list of world’s largest insurers
3rd January 2025
In terms of net premiums written (NPW), health insurance companies continued to dominate in 2023 as four out of the top five were US-based health insurers, with UnitedHealth Group holding on to the top spot for the 10th year in a row with NPW growth of 13%. Our ranking of ... Read the full article
Allianz UK announces several hires and promotions for its commercial digital trading team
20th December 2024
Allianz UK is heavily investing in its commercial digital trading team to accelerate profitable growth in the digital marketplace. This includes new appointments and promotions within the team, and an enhanced focus on seamless digital journeys. By building on existing strong broker relationships and digital foundations, Allianz aims to solidify its ... Read the full article
Allianz withdraws offer to acquire majority stake in Income Insurance
16th December 2024
Following the Singapore Government’s announcement during the parliament sitting on October 14th and subsequent changes to the Insurance Act, Allianz Group has withdrawn its pre-conditional voluntary cash general offer to acquire a majority stake in Income Insurance Limited. The original offer was announced on July 17th, 2024 and was made ... Read the full article
Allianz launches life reinsurance sidecar Sconset Re
10th December 2024
Global insurer Allianz has established a new independent strategic reinsurance platform called Sconset Re Ltd., which will be capitalized through equity investments from high-quality institutional partners. Located in Bermuda, Sconset Re will specialise in assuming Fixed Indexed Annuity product risk and its asset management, and will aim to deliver more efficient ... Read the full article
Allianz lifts financial targets through 2027 after surpassing goals
10th December 2024
After exceeding its 2024 economic goals, Allianz has raised its financial targets for the 2024-2027 cycle, aiming for a property and casualty operating profit of approximately €9.5 billion by 2027, with a combined ratio of 92-93%. In its other segments, the company has anticipated a Life and Health operating profit of ... Read the full article
Allianz purchases general insurance business of RAA
2nd December 2024
Allianz has acquired the general insurance business of the Royal Automobile Association of South Australia Incorporated (RAA), expanding its consumer insurance presence in South Australia. The insurer’s partnership with the RAA, worth AUD$6422 million, also includes a 20-year exclusive distribution agreement for the Home and Motor insurance product lines of RAA. Within ... Read the full article
Von Mesterhazy named as new MD for Allianz UK Specialty business
25th November 2024
Allianz UK has announced the appointment of Isabella Von Mesterhazy as Managing Director for its Specialty business, effective 1 December 2024, subject to regulatory approval. Von Mesterhazy will be taking over the role from Kieran O’Keeffe, incumbent MD for Specialty, who will be retiring at the end of the year. In her ... Read the full article
Allianz launches global program to combat polarisation in societal institutions
18th November 2024
Following an active electoral year worldwide, Allianz has announced the launch of “Power of Unity,” a global program aimed at restoring trust in societal institutions and fostering confidence in a better economic future. According to Allianz Research’s Social Resilience Index 2024, polarisation and social unrest have increased in many countries, carrying ... Read the full article
Allianz sees Q3’24 net income hit €2.5bn as operating profit climbs 14%
13th November 2024
In its Q3 2024 results, Allianz has revealed that net income attributable to shareholders was €2.5 billion, up from €2 billion in the same period of last year, driven by a higher operating profit. Allianz also disclosed that total business volume rose 17.3% to €42.8 billion in Q3 2024, driven by ... Read the full article
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