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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 posts highest net income for 10 years, P&C performance improves

15th February 2019

Allianz has reported its highest net income of the past decade for 2018, of €7.5 billion (USD 8.5bn), helped by increased operating profit within its property and casualty (P&C) business, despite strong market volatility. A higher overall operating profit of €11.5 billion and reduced income taxes more than offset Allianz's non-operating ... Read the full article

Allianz Exec Burkhard Keese appointed Lloyd’s CFO

4th February 2019

Burkhard Keese has been appointed Chief Financial Officer (CFO) of Lloyd’s following unanimous approval by Council members. Keese, who joins from Allianz Deutschland AG after seven years in the CFO position, will take take up his new role on 1 April 2019. During his time as CFO at Allianz Deutschland Keese successfully ... Read the full article

Cyber and business interruption top global risk rankings: Allianz

1st February 2019

Cyber incidents and business interruption (BI) are tied as the most concerning risks for global businesses in 2019 and beyond, according to the results of the latest Allianz Risk Barometer report. The annual survey by Allianz, which questioned 2,415 experts from 86 countries, found that 37% of respondents identified cyber as ... Read the full article

Allianz to shoulder some losses from burst Vale dam, reports

29th January 2019

Reports are emerging from Reuters that indicate global re/insurer Allianz may have to shoulder some of the costs associated with the deadly dam collapse at Vale’s Corrego do Feijao mine in Brazil. Sources have said the firm’s Global Corporate & Specialty division leads a consortium of reinsurers that assumed some risks ... Read the full article

Allianz to automate legal proceedings for injury claims using AI

28th January 2019

Allianz Insurance has launched a new digital proposition, called Defendant Hub, that uses artificial intelligence (AI) technology to automate Ministry of Justice Stage 3 injury claims. Developed in partnership with UK law firm Keoghs, Defendant Hub will provide Allianz’s injury claims handlers with an end-to-end solution for Stage 3 claims. This is ... Read the full article

Allianz partners with PIMCO to launch P&C ILS unit

25th January 2019

Premier fixed income investment manager PIMCO, which is owned by global re/insurer Allianz, has launched a new property and casualty insurance-linked securities (ILS) business, working in partnership with its parent. The new ILS business launch is to be led by Rick Pagnani as Executive Vice President (EVP), who brings more than ... Read the full article

Allianz eyes joint venture with Vietnam’s FPT after signing MoU

25th January 2019

Global insurer and reinsurer Allianz has signed a Memorandum of Understanding (MoU) with Vietnam-based IT corporation, FPT Group, which cements the firms' intentions to enter into a joint venture agreement to establish a new general insurance company in Vietnam. The MoU, which was signed on the side-lines of the World Economic ... Read the full article

Allianz, AXA & Swiss Re among brands most praised for climate actions

21st January 2019

Re/insurers Allianz, AXA and Swiss Re are among the top five companies to receive the praise from non-governmental organisations (NGOs) in 2018 due to their actions on climate change. Data compiled by research consultancy SIGWATCH shows that the trio of re/insurers overtook global brands such as McDonald’s, Aldi and H&M as ... Read the full article

Allianz announces three senior promotions

18th January 2019

Insurance giant Allianz has revealed the promotions of three senior executives, starting with Birgit König, current Chief Executive Officer of Allianz Deutschland’s private health insurer Allianz Private Krankenversicherung (APKV), who will now head the international unit Allianz Digital Health (ADH). König has been CEO of Allianz Private Krankenversicherung since 2012 and ... Read the full article

Maiden enters reinsurance deal with Allianz amid auto group sale

18th January 2019

Bermuda-based re/insurer Maiden Holdings has entered into a three-year quota share reinsurance agreement with Allianz as part of the sale of its European automotive group, AVS Automotive VersicherungsService GmbH. Maiden said that the sale of AVS and its related European subsidiaries to Allianz Partners represented another step in its strategic review. Allianz ... Read the full article

POP Insurance, Allianz launch Fusion Specialty M&A

4th January 2019

Specialist insurance group POP Insurance Holdings Pty Ltd., in partnership with Allianz Global Corporate Specialty (AGCS), a division of Allianz Australia Insurance Limited, has announced the launch of Fusion Specialty M&A MGA (Fusion M&A). The new unit is already writing business, and is offering a full suite of transactional insurance solutions, ... Read the full article

Enhanzed Re reinsurer launched by Enstar, Allianz & Hillhouse Capital

12th December 2018

Enhanzed Reinsurance Ltd. (Enhanzed Re) is a new joint-venture life and P&C reinsurer that is being launched by a partnership formed by Enstar, Allianz and investor Hillhouse Capital. Bermuda-based insurance, reinsurance and run-off specialist Enstar Group has invested in newly established Bermuda-based Class 4 and Class E reinsurer Enhanzed Reinsurance Ltd. ... Read the full article

Allianz to address silent cyber with updated policy wordings

30th November 2018

Insurance giant Allianz is stepping up efforts to provide more comprehensive cyber protection by implementing more specific and relevant wordings to the commercial, corporate, and specialty insurance policies of its property & casualty (P&C) companies. Allianz Global Corporate & Specialty (AGCS), as its corporate insurance carrier, will be one of the ... Read the full article

Allianz Global Corporate & Specialty partners with insurtech Praedicat

28th November 2018

The Allianz corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is partnering with insurtech analytics firm Praedicat to give policyholders access to ChemMeta, a software solution delivering science and regulatory risk analytics for industrial companies. ChemMeta leverages natural language processing and machine learning to “read” and convert high volumes of ... Read the full article

Allianz China unit given regulatory go-ahead

26th November 2018

Insurance giant Allianz has received approval from the China Banking and Insurance Regulatory Commission for the preparatory establishment of an insurance holding company in China. Based in Shanghai, Allianz (China) Insurance Holding Company Limited will be the country’s first ever insurance company wholly owned by a foreign insurer. Allianz says the holding ... Read the full article

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