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) targets multinationals with new team & investments
14th July 2022
Allianz is aiming to expand its business from the global insurance program sector to serve more large multinational customers, and to this end has set up a new team within its international corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS). The move, which also includes dedicated investments in data and ... Read the full article
Moody’s affirms Allianz’s ratings, moves outlook to positive
11th July 2022
Moody’s has affirmed Allianz’s Aa3 insurance financial strength rating (IFSR), moving its outlook to positive from stable. The firm confirmed that it had also affirmed the IFSR of Allianz S.p.A. at A3, of Euler Hermes at Aa3, and of Allianz Life at A1 and changed the outlook on these entities to ... Read the full article
Brokers value communication and flexibility from insurers – Allianz
4th July 2022
Brokers want better communication and more of a personal touch from insurers when dealing with complex claims, according to a new survey by Allianz. The survey asked which aspects of the claims process had the largest impact on brokers’ work and the service they provide to customers. Respondents ... Read the full article
Allianz partners up with Coalition
4th July 2022
Allianz has gone into a multi-year partnership with cyber insurance and security provider Coalition. The terms of the agreement will see Allianz provide Coalition with long-term committed capacity for its US cyber insurance programs and will lead the latter’s UK cyber program when it launches later this year. Scott Sayce, global head ... Read the full article
Allianz & HSBC extend bancassurance partnership by 15 years
1st July 2022
Allianz Asia Pacific (Allianz) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) have extended their exclusive bancassurance distribution agreement by 15 years. Since 2012, the strategic partnership between Allianz and HSBC in Asia Pacific has formed a strong and resilient bancassurance business across the region. The proven track record of the ... Read the full article
Allianz invests in sustainability data firm ESG Book
24th June 2022
Allianz has been confirmed as among the investors participating in a recent Series B funding round for ESG Book, a global provider of cloud-based sustainability products and solutions. The data and technology firm raised $35 million in the funding round, which was led by investment firm Energy Impact Partners (EIP), alongside ... Read the full article
Businesses should prepare for rise in civil unrest incidents: Allianz
15th June 2022
Allianz Global Corporate & Specialty (AGCS) has advised businesses to review their insurance policies and contingency plans as a rise in social unrest incidents could heighten their risk exposure, resulting in costly damages. Strikes, riots and violent protest movements pose risks to companies because in addition ... Read the full article
Allianz and Voya sign agreement to integrate assets and teams
15th June 2022
Voya has entered in a definitive agreement with Allianz Global Investors (AGI) whereby Voya will integrate certain assets and teams of the Allianz company with Voya Investment Management, the asset management business of Voya Financial. Through the transaction, Voya IM will integrate AGI income and growth, fundamental equity, and private placement ... Read the full article
Allianz offloads majority stake in Russian operations
6th June 2022
The Allianz Group has agreed to sell a majority stake in its Russian operations to LLC, the owner of Russian property and casualty (P&C) insurer Zetta Insurance. The move, which follows Allianz’s decision to scale back its operations in Russia, is aimed at “ensuring continuity for clients and employees,” the company ... Read the full article
Allianz (AGCS) names Regional Head of Strategy & Portfolio Steering, North America
25th May 2022
Allianz Global Corporate & Specialty (AGCS) has announced that Anthony “Sandy” Codding, Jr. will join the AGCS Financial Lines team as Regional Head of Strategy & Portfolio Steering, North America. Codding will be based in Boston and will report to Joe Caruso, North America Regional Head of Financial Lines. He takes over ... Read the full article
S&P affirms strength ratings of ‘AA’ for Allianz
25th May 2022
S&P Global Ratings has affirmed its ‘AA’ long-term issuer credit and insurer financial strength ratings on the core operating entities of Allianz. S&P said it was affirming the ratings because the governance deficits related to the Structured Alpha investigations do not change its overall view on the Allianz group's capital and ... Read the full article
“Ukraine war dashes hopes of bumper year for insurance” – Allianz
24th May 2022
Russia’s invasion of Ukraine has ‘dashed’ hopes for a bumper year for the insurance industry, says a new report from Allianz. The Allianz Global Insurance Report 2022 says that this year was expected to be ‘another bumper year’ for the insurance industry, but this was lain to waste by Russia’s invasion ... Read the full article
Allianz Commercial names Nick Kelsall as head of motor claims
20th May 2022
Allianz Commercial has made Nick Kelsall its new head of motor claims. The firm said that Kelsall is replacing Ian Kershaw, who is leaving Allianz to pursue other opportunities, after a brief handover period. In his new role, Kelsall will report to Lee Watts, head of technical claims. Watts said in a statement: ... Read the full article
Allianz finished acquiring majority stake in Tanzanian business of Jubilee
20th May 2022
Allianz has finished acquiring its majority stake in Jubilee General Insurance Company of Tanzania. A joint statement from the insurer, along with Jubilee General Insurance, said that the former had acquired a 51% stake, following the signing of an agreement in September 2020. Under the deal, Allianz was to become the ... Read the full article
Allianz (AGCS) announces key leadership changes
12th May 2022
Allianz Global Corporate & Specialty (AGCS) has announced that Mike Martin has been appointed as Global Head of Property, effective May 16, 2022. Within his new role, Martin will report directly to Chief Underwriting Officer Corporate, Shanil Williams. He will also succeed Maria Grace who left AGCS in late 2021, and ... Read the full article
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