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 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
Allianz Life forms start-up accelerator with Securian Financial and gener8tor
16th November 2018
Allianz Life Ventures, part of Allianz Life Insurance Company of North America, has partnered with Securian Financial and start-up accelerator gener8tor to form the OnRamp Insurance Accelerator program, which will invest in new tech start-ups in the re/insurance industry. Based in Minneapolis, the initiative will provide a cash investment of $100,000, ... Read the full article
Allianz subsidiary in contingent BI agreement with Just Energy Group
16th October 2018
Interstate Fire & Casualty Company (IFCC), a subsidiary of Allianz Global Corporate & Specialty SE (AGCS), has entered into a multi-year contingent business interruption insurance agreement with Just Energy Group Inc. Just Energy Group, a consumer company that specialises in electricity and natural gas commodities, energy efficient solutions and renewable energy options, ... Read the full article
Allianz names Bart Schlatmann CEO of European direct business
31st August 2018
Insurance giant Allianz has named Bart Schlatmann as Chief Executive Officer (CEO) of its European direct business, effective September 1. Schlatmann, who brings over 20 years’ experience to the role, will lead the consolidation process for Allianz’ European direct business; including the establishment of a new pan-European risk carrier for the ... Read the full article
Allianz hires new CFO Fernley Dyson from Ageas
22nd August 2018
Allianz Insurance has announced the appointment of Fernley Dyson, current Chief Financial Officer (CFO) at Ageas, as its new CFO, effective 1 January 2019. Dyson will replace outgoing CFO Mark Churchlow, who is retiring after almost 30 years with Allianz. Churchlow has served as CFO since 2010, before which he was ... Read the full article
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