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.
Arch Insurance secures approval for Allianz’s US MidCorp and Entertainment insurance businesses
25th July 2024
Arch Insurance North America, part of Arch Capital Group Ltd., has obtained regulatory approval for its previously announced acquisition of Allianz’s US MidCorp and Entertainment insurance businesses, including select specialty insurance programmes, from Allianz Global Corporate & Specialty SE. Both parties expect to close the transaction on August 1, 2024, subject ... Read the full article
Allianz’s acquisition of Income Insurance unlikely to alter Singapore market, Fitch
22nd July 2024
Global insurer and asset manager Allianz's proposed acquisition of Singapore’s Income Insurance Limited "should not materially change the competitive landscape in Singapore’s insurance market," says Fitch Ratings. If you recall, Allianz Group, through its wholly owned subsidiary Allianz Europe B.V., recently announced its intention to acquire a 51% majority stake ... Read the full article
Allianz to acquire majority stake in Singapore’s Income Insurance
17th July 2024
Allianz Group, a global insurer and asset manager, through its wholly owned subsidiary Allianz Europe B.V., has offered Singapore-domiciled insurer Income Insurance a pre-conditional voluntary cash general offer to acquire at least 51% of its shares. This strategic move will propel Allianz from the ninth to the fourth largest composite insurer ... Read the full article
AXA tops list of largest European insurers ranked by GPW
9th July 2024
When ranked by gross premiums written (GPW) in 2022, global insurer AXA tops the list of the largest European insurance companies with US$106.1 billion. AXA also recorded $42.3 billion in capital & surplus from the same year. Based on data from ratings agency AM Best, our directory of ... Read the full article
Bloomberg reports UK insurance market upheaval with Allianz and AXA rate increases
27th June 2024
The insurance market in the UK is experiencing significant upheaval as Allianz and AXA, two global insurers, implement substantial rate hikes, according to a recent report by Bloomberg Intelligence (BI), a provider of financial analysis and research. Compared to other European markets, the price increases for personal lines in the UK ... Read the full article
Allianz appoints Vanessa Maxwell as Global Head of Cyber & Financial Lines
17th June 2024
Allianz Commercial has recently announced the appointment of industry veteran Vanessa Maxwell as Global Head of Cyber, alongside her current role as Global Head of Financial Lines. In this dual capacity, Maxwell will report directly to Shanil Williams, Chief Underwriting Officer at Allianz Commercial. She will oversee Cyber and Financial Lines as ... Read the full article
Shipping losses hit historic low amid rising risks: Allianz review
10th June 2024
Allianz Commercial’s annual Safety and Shipping Review reveals a historic low in shipping losses despite escalating risks from geopolitical tensions and climate change. In 2023, the global count of large ships lost dropped significantly to 26, down over a third from the previous year's total of 41. Over the past decade, ... Read the full article
Allianz UK makes two key senior leadership changes appointing Kam as CRO
22nd May 2024
Allianz UK has announced the promotion of Jason Howes to Chief Transformation Officer and the appointment of Hanna Kam to the role of Chief Risk Officer, taking over the role from John Berry, who has decided to step down. According to the announcement, these senior moves reflect the company’s ongoing strategic ... Read the full article
Allianz reports 6.8% rise in operating profit for Q1’24 to €4bn, driven by P&C
15th May 2024
Allianz Group, a global insurer and asset manager, has reported an increase in operating profit of almost 7% to €4 billion for the first quarter of 2024, up from last year's €3.7 billion, driven by the firm’s property and casualty business, supported by good results in the asset management and ... Read the full article
Nicola George appointed Managing Director of Allianz personal lines broker business
3rd May 2024
Allianz has announced the appointment of Nicola George as the Managing Director (MD) of its personal lines broker business in the UK, which will undergo a rebranding from LV= Broker to Allianz on May 1st. George's appointment follows Mike Crane's decision to step down from his role as MD of LV= ... Read the full article
Allianz to extend market visibility with LV= Broker rebrand and new leadership appointment
2nd May 2024
Allianz has announced the rebrand of its personal lines broker business from LV= Broker to Allianz, the latest strategic advance for its brand in the UK. Nicola George, who joined the company recently, will lead this part of the Allianz business as managing director. With around 750,000 customers holding an LV= Broker ... Read the full article
Allianz Re names Silvia Rimola as Head of Capital and Legacy Solutions
29th April 2024
Allianz Reinsurance, part of global insurer Allianz, has named Silvia Rimola as Head of Capital and Legacy Solutions, effective April 2024. Rimola first joined Allianz in 2002 as part of the financial department, and has since held numerous roles within the company and its reinsurance arm. This includes time as a life ... Read the full article
Allianz appoints Alex Ktenidis as director of digital trading and Allianz Legal Protection
19th April 2024
Allianz Commercial has announced the promotion of Alex Ktenidis to the senior role of director of digital trading and Allianz Legal Protection (ALP). In his new capacity, Ktenidis will lead the profitable growth of Allianz’s digital trading and legal protection businesses. Nadia Côté, Managing Director at Allianz Commercial, expressed her enthusiasm for ... Read the full article
Allianz completes sale of stake in Allianz Saudi Fransi to ADNIC
18th April 2024
Allianz Group, a global insurer and asset manager, has announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider ADNIC is based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange. The ... Read the full article
Surge in elections increases demand for political violence insurance: Allianz
11th April 2024
A recent report from Allianz Commercial highlights growing concerns surrounding the surge in elections scheduled for 2024, which could potentially escalate the risks of political violence and result in significant insured losses. Srdjan Todorovic, Head of Political Violence and Hostile Environment Solutions at Allianz Commercial, emphasises, “So many elections in one ... Read the full article
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