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 names José Morago as Risk Director
14th December 2021
Allianz Holdings has appointed José Morago to the position of risk director for its personal lines business. In this role, Morago will be responsible for leading the risk function within the personal lines business and overseeing the risk activities for LV= general insurance, Petplan, L&G general insurance, Allianz Musical Insurance and ... Read the full article
Allianz $35bn reinsurance deal is net positive: AM Best
7th December 2021
Analysts at AM Best have confirmed that they have a net positive view on the recent deal entered into by Allianz to reinsure a $35 billion fixed index annuity portfolio. Allianz announced the deal with Resolution Life and affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, last week. Following ... Read the full article
Allianz to expand current strategy
6th December 2021
Global re/insurer Allianz has announced its strategic outlook for the 2022-24 cycle, placing scale at the core of its operations. The company also set its financial bar higher for the period, targeting 5-7% annual growth in earnings per share (EPS) and minimum 13% return-on-equity (RoE), as it further unlocks potential across ... Read the full article
Allianz in $35bn reinsurance agreement with Resolution Life & affiliates of Sixth Street
3rd December 2021
Allianz Life, part of the global insurer and reinsurer, has announced a new reinsurance agreement with affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, and Resolution Life, for a $35 billion fixed index annuity portfolio. The arrangement is in line with the firm's strategy to unlock value in its ... Read the full article
AGCS appoints Jody Yee as TMT Global Industry Solution Director
2nd December 2021
Allianz Global Corporate & Specialty (AGCS) has appointed Jody Yee to serve as Global Industry Solution Director for Technology, Media & Telecom (TMT). Yee brings 18 years' experience in corporate insurance and alternative risks transfer to the role, working across both the traditional insurance underwriting space as well as alternative risk ... Read the full article
Singapore fintech Pand.ai launches broker with Allianz, Etiqa & MSIG
1st December 2021
Fintech startup Pand.ai has announced the launch of GINA.sg, an English-Chinese bilingual WhatsApp Chatbot that helps car owners in Singapore find motor insurance. GINA.sg will be launched in partnership with insurers Allianz, Etiqa and MSIG. It will offer digital brokerage services for general insurance under the Monetary Authority of Singapore (MAS) Fintech ... Read the full article
Allianz makes senior appointments within Global Commercial division
29th November 2021
Elizabeth Cabrera and Joana Moniz have been appointed to the newly established Allianz Global Commercial Group Center as Head of Underwriting Strategy & Planning and Global Head of Long Tail Lines, respectively. Cabrera joins the Chief Underwriting Office with effect from November 1st and Moniz from December 1st, with both ... Read the full article
Allianz COO Stephanie Smith to depart
26th November 2021
Allianz Holdings has announced that its Chief Operations Officer (COO), Stephanie Smith, will stand down from her position and depart the company from December 31st to pursue new opportunities. Smith joined Allianz Insurance in 2009 as a Senior IT Manager before becoming Director, Operations for its Retail Division and then later ... Read the full article
Allianz ‘comfortable’ with its ‘pretty good’ reinsurance program: CFO Terzariol
12th November 2021
Global insurer Allianz made significant reinsurance recoveries in the third quarter which reduced its burden from catastrophe events in the period, leading the firm’s Chief Financial Officer (CFO), Giulio Terzariol, to discuss the firm’s use of reinsurance. After pre-announcing gross losses of €1.1 billion for the flooding in Europe in July, ... Read the full article
Allianz reports strongest Q3 despite higher nat cat experience
10th November 2021
Global insurer Allianz has reported its strongest ever third quarter performance in 2021, as total revenues and operating profit increased, year-on-year, driven by a solid performance in all business segments. Allianz has announced Q3 total revenue growth of 9.5% to €34.4 billion, alongside an 11.3% rise in operating profit to €3.2 ... Read the full article
Allianz Insurance adds Chris Varley as Chief Analytics Officer
9th November 2021
Allianz Insurance has added Chris Varley as Chief Analytics Officer, a newly created position effective from March 2022. Varley will be responsible for increasing data and pricing capabilities while creating a distinct analytics strategy across the organisation. He joins from Willis Towers Watson, having served as a senior director in a role ... Read the full article
Allianz promotes Anusha Thavarajah to lead Asia Pacific as CEO
5th November 2021
Global insurer Allianz has appointed Anusha Thavarajah to lead its Asia Pacific operations as regional Chief Executive Officer, succeeding Solmaz Altin, who has decided to part ways with the company after 13 years’ of service. In her new role, Thavarajah will be responsible for delivering Allianz Asia Pacific’s long-term growth strategy ... Read the full article
Allianz raises European flood loss to €1.1 billion
25th October 2021
Global insurer Allianz is now expecting gross losses of approximately €1.1 billion from the impacts of storm Bernd across Germany, Belgium, and the Netherlands in July. In early August, Allianz pegged its losses from the July flooding across parts of Europe at €900 million, of which it said roughly €500 ... Read the full article
AGCS’ ART division appoints Houlihan to lead Americas on permanent basis
22nd October 2021
Allianz Global Corporate & Specialty (AGCS) has named Thomas Houlihan as the firm's permanent regional head of Americas within its Alternative Risk Transfer (ART) division. Based in New York, he reports to Grant Maxwell, global head of ART. Houlihan has been serving in this role on an interim basis since May 2021 ... Read the full article
Allianz report highlights growing threat of ‘ransomware pandemic’
15th October 2021
An Allianz Global Corporate & Specialty (AGCS) report has identified a number of key trends in the ransomware space re/insurers should be aware of in order to protect itself from cyber criminals, including the recent development of ‘ransomware as a service’. AGCS’ report explains how ransomware as a service has made ... Read the full article