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 UK appoints Akhil Lalwani as Chief Data Officer amid data function overhaul
3rd June 2025
Allianz UK, part of the global financial services provider Allianz Group, has appointed Akhil Lalwani as its new Chief Data Officer (CDO). The move follows the company’s decision to create a centralised data function, aimed at aligning its data strategy across key business areas. Lalwani will report to Fergal Coburn, Chief ... Read the full article
Global shipping losses drop to record low of 27 vessels, but new geopolitical risks loom: Allianz
30th May 2025
Global shipping losses have fallen to their lowest level in decades—just 27 vessels in 2024, down from more than 200 annually in the 1990s—according to the Safety and Shipping Review 2025 by Allianz Commercial, the corporate insurance division of Allianz Group. Despite the improvement in maritime safety, Allianz warns the industry ... Read the full article
Allianz sees record operating profit of €4.2bn in Q1’25
15th May 2025
Allianz has reported a record operating profit of €4.2 billion for Q1 2025, marking a 6.3% increase from Q1 2024, keeping the firm on track to meet its full-year operating profit target of €16 billion. The Property & Casualty (P&C) segment posted an operating profit of €2.2 billion in Q1 2025, ... Read the full article
Rokstone & Allianz Commercial announce five-year capacity agreement
2nd April 2025
Rokstone, the international re/insurance MGA of the Aventum Group, has signed a five-year capacity agreement with Allianz Commercial, further expanding their existing partnership across multiple Commercial insurance lines. The agreement, executed through Allianz Global Corporate & Specialty SE (AGCS), reportedly builds on successful individual capacity arrangements established with Rokstone over ... Read the full article
Allianz makes executive changes to Commercial arm
27th March 2025
Allianz UK has appointed Adam Lloyd as Chief Underwriting Officer and Claire Buck as Chief Technical Officer, a newly created role, in its Commercial arm covering Mid Corp, Fleet, and Digital/SME, effective April 14. According to Allianz, both Lloyd and Buck are internal appointments, reflecting its commitment to leveraging in-house talent ... Read the full article
Allianz, BlackRock, and T&D Holdings partner to acquire Viridium from Cinven in €3.5bn deal
19th March 2025
A consortium led by Allianz, BlackRock, and T&D Holdings is acquiring Viridium Group, a platform in European life insurance consolidation, from Cinven, in a €3.5 billion transaction. Cinven, after more than a decade of guiding Viridium, will exit its majority stake in the business. Generali Financial Holdings and reinsurer Hannover Re will ... Read the full article
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
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