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 to acquire Generali’s Tua Assicurazioni for €280m
13th October 2023
Global insurer Allianz is set to increase its property and casualty (P&C) market share in Italy with the acquisition of Tua Assicurazioni from Generali for a cash consideration of €280 million. Previously part of Cattolica Assicurazioni, TUA Assicurazioni is an insurance subsidiary of the Group focused on P&C business in the ... Read the full article
SanlamAllianz to provide insurance & financial services in 27 African markets
6th October 2023
African non-banking financial services provider, Sanlam, and global insurer Allianz have announced the receipt of regulatory approvals for a joint venture called SanlamAllianz, a Pan-African non-banking financial services company with a presence in 27 countries across the continent. The joint venture's ambition is to be among the top three players, in ... Read the full article
HIVE & Allianz Commercial collaborate to underwrite new product
4th October 2023
HIVE Underwriters Ltd. and Allianz Commercial are collaborating to underwrite Aviation Hull War and Excess Third-Party Aviation War Liabilities (XS AVN52) classes with immediate effect. With capacity from Allianz, the facility utilises HIVE’s risk analytics and exposure management systems. Bruce Carman, HIVE’s Chief Underwriting Officer, commented: “HIVE is continually looking to enhance ... Read the full article
Allianz SE announces updates to Board of Management
2nd October 2023
Allianz SE has announced a series of updates to its Board of Management, among which Oliver Bäte’s mandate as Chairman has been renewed and extended through the Annual Shareholders Meeting 2028. At the same time, The mandate of Andreas Wimmer as a Member of the Board of Management responsible for Life ... Read the full article
Economic pressures and tech innovation in offshore wind industry pose challenges for insurers: Allianz
26th September 2023
The offshore wind industry is poised for growth, but developers and their insurers need to successfully manage a range of risks to successfully scale this industry globally, said Allianz in a recent report. In ‘A turning point for offshore wind’, Allianz Commercial highlights growth opportunities, tech innovations, risk trends, and loss ... Read the full article
Fighting climate change has become an ever greater challenge: Allianz CEO
22nd September 2023
"The long era of robust economic growth, low inflation, and geopolitical stability is over, and it's replaced by uncertainty, volatility, and war. Suddenly, fighting climate change has become an ever greater challenge," suggests Allianz CEO Oliver Bäte. Bäte's comments stem from his speech at a summit of leaders from 34 governments ... Read the full article
Allianz names Henry Topham managing director of its UK Retail business
14th September 2023
Allianz Holdings has appointed Henry Topham as the new managing director of its UK Retail business. He succeeds Heather Smith, who will be leaving the business to take up a new opportunity. Topham has been with Allianz since December 2016 and is currently the managing director of Britannia Rescue and Flow. In his ... Read the full article
Allianz outlines new net-zero transition plan
8th September 2023
German insurer Allianz has published its first net-zero transition plan committing to reduce emissions as part of a plan that aims for net-zero in 2050 in its proprietary investment and Property and Casualty (P&C) underwriting portfolios and by 2030 within its own operations. The insurer pledged to grow its revenues from ... Read the full article
DUAL hires Allianz’s Simon McGinn as UK CEO
5th September 2023
DUAL, the specialist underwriting arm of Howden Group Holdings, has appointed Simon McGinn as CEO of its UK business, subject to regulatory approval. McGinn is set to join the firm on January 1, 2024, where he will report to Richard Clapham, CEO, DUAL Group. According to the firm, McGinn's appointment will help ... Read the full article
Allianz names Christian Sandric Commercial leader for Asia
13th July 2023
Christian Sandric will join Allianz Commercial as Commercial Managing Director Asia in Singapore with effect from 1 September, subject to regulatory approval. Sandric will join the company from AIG Singapore where he currently serves as President & CEO. He is also Regional Manager for Indonesia, the Philippines and Vietnam with overall ... Read the full article
Italy’s top insurers, Allianz and banks come to Eurovita’s rescue: reports
3rd July 2023
Italy's top four insurers and Germany's Allianz have agreed on a multi-billion euro rescue deal for Eurovita, industry supervisor IVASS said on Friday, as reported by Reuters. This comes after months of work to broker an accord which also involves 25 banks. Earlier this year, Eurovita became the first Italian insurance ... Read the full article
Allianz AGCS names Oskar Buchauer as its new Chief Financial Officer
3rd July 2023
Allianz Global Corporate Specialty SE (AGCS) has appointed Oskar Buchauer as its new Chief Financial Officer (CFO). With effect from September 1, 2023, Claire-Marie Coste-Lepoutre, CFO of AGCS for more than four years, will hand over to Buchauer who currently serves as Head of Allianz Group Actuarial, Planning and Controlling and ... Read the full article
Allianz Global Corporate & Specialty names Global Head of Natural Resources
28th June 2023
Allianz Global Corporate & Specialty SE (AGCS) has announced the appointment of Anthony Vassallo as the Global Head of Natural Resources, effective immediately. In his new role, Vassallo will report to Gordon Browne, the Global Head of Specialty at AGCS. As the Global Head of Natural Resources, Vassallo's primary focus will be ... Read the full article
Allianz names Nick Hobbs as Chief Distribution Officer for Allianz Commercial in UK
23rd June 2023
Allianz, a leading global insurance company, has announced the appointment of Nick Hobbs as the Chief Distribution Officer for Allianz Commercial in the UK. In this newly created role, Hobbs will oversee all aspects of distribution for the integrated Allianz Commercial operations across the UK. The appointment, subject to regulatory approval, is ... Read the full article
Allianz names Serge Raffard as Managing Director for Personal Lines
7th June 2023
Allianz Holdings appointed Serge Raffard as the new personal managing director, following the recent news of Steve Treloar deciding to step down. Treloar has decided to leave the business to pursue new opportunities. Raffard will join at the beginning of July and report to Colm Holmes, CEO of Allianz Holdings. Raffard joined Allianz ... Read the full article
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