Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
People Moves: Everest Re’s Grace Moves to Allianz; Williamson Adds Role as Head of Everest Reinsurance
May 11 2021 // Everest Re Group reports that Jim Williamson has assumed responsibilities as the head of the Everest Reinsurance Division effective immediately. This is in addition to his roles as executive vice president and group chief...
COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz
May 6 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also...
Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty
May 3 2021 // Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority agreement for small and medium-sized enterprises (SMEs) customers. Nexus, a...
Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals
Apr 16 2021 // Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with...
Allianz Privately Mulls Counteroffer for The Hartford After Chubb’s Offer
Mar 28 2021 // Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the feasibility of a counteroffer, according to people familiar with the...
Suez Canal Blockage Could Cost Global Trade $6B-$10B per Week: Allianz
Mar 26 2021 // BERLIN – The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. The study by Europe’s biggest insurer also found...
Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War
Mar 26 2021 // Allianz SE, Europe’s largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion). The deal values London-based Aviva’s Polish business at 2.7 billion euros, according...
Allianz Partners Adds Epidemic Coverage to Travel Insurance Products
Mar 23 2021 // Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage to customers who become ill with COVID-19 or a future epidemic, are...
Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership
Mar 9 2021 // Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also includes a strategic...
Aviva Sells Italian Businesses to Allianz and CNP in 2 Deals Totaling $1.1 Billion
Mar 4 2021 // Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the UK insurer continues to pivot to its core markets. CNP Assurances and Allianz SE bought the London-based...
Portevin Appointed Global Head of Allianz Risk Consulting
Mar 3 2021 // Thierry Portevin, current global head of property at Allianz Global Corporate & Specialty (AGCS), will be appointed global head of Allianz Risk Consulting (ARC), reporting directly to Tony Buckle, chief underwriting...
Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users
Mar 2 2021 // Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its clients, the companies...
Hub Adds Entertainment Specialist Cloward from Allianz in California
Mar 2 2021 // Hub International has added entertainment insurance specialist David Cloward as practice leader in the Los Angeles, Calif. office. Cloward will focus on managing film, production, venue, business management and live...
Allianz Global Corporate & Specialty Promotes Fioretti in New York
Feb 24 2021 // Allianz Global Corporate & Specialty (AGCS) has named Katie Fioretti as regional head of portfolio steering for financial lines in North America, effective immediately. She assumes the role from Alessandro Carriglio,...
Allianz’ 2020 Operating Profit Drops 9.3% in First Decline Since 2011
Feb 19 2021 // FRANKFURT – German insurer Allianz posted its first fall in annual operating profit in nearly a decade on Friday on higher claims from businesses hit by lockdowns and lower demand for car and travel insurance. Operating...
Allianz Makes Personnel Changes to Georgia-Based Aviation Team
Feb 11 2021 // Allianz Global Corporate & Specialty’s (AGCS) North American Aviation team has promoted two executives and hired a new underwriting specialist, effective immediately. Lamont Rosemond has been promoted to regional...
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz
Feb 8 2021 // There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of Covid-19 related risks...
China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing
Jan 28 2021 // SHANGHAI— Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world’s...
World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate
Jan 27 2021 // European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the chief executive of German insurer Allianz said on Wednesday. “Today, the...
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz
Jan 27 2021 // There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of Covid-19 related risks —...
