Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
West African Coast Re-Emerges as Hotspot for Piracy, Kidnappings: Allianz
Jul 15 2020 // The West African coast has overtaken Southeast Asia as the worst area for piracy and kidnappings reported at sea last year, with the number of seafarers seized rising by more than 50%, according to a study. The area, known...
Allianz Restructures AGCS North America Team as Part of New Profit Plan
Jul 13 2020 // As Allianz Global Corporate & Specialty SE (AGCS) executes its plan to regain profitability in the corporate and specialty insurance segment, it is adopting a more simplified regional organization in North America. The...
Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M
Jul 13 2020 // Allianz has finalized the acquisition of the automobile and other property & casualty business from SulAmérica in Brazil. This follows the announcement of the deal on August 23, 2019. The transaction enlarges the...
Allianz Expects to Be Back on Track with Profit Targets as COVID Crisis Subsides: CEO
Jul 2 2020 // Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer’s chief executive said in an...
Allianz Global Corporate & Specialty Restructures to ‘Regain Profitability’
Jul 1 2020 // Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty...
Allianz Ends Relationship with Wirecard Amid Accounting Scandal
Jul 1 2020 // Allianz said on Wednesday that it was ending its relationship with Wirecard Bank and removing from the market a mobile payment app that the two companies had developed. The move is further fallout in corporate Germany amid...
Insurers Alert to Avoiding Legionnaire’s Disease Outbreaks as Buildings Reopen
Jun 19 2020 // Commercial insurers are scrutinizing building managers’ efforts to avoid outbreaks of Legionnaires’ disease as they re-open movie theaters, gyms, schools and offices that had been closed for months due to the...
S&P’s Outlook for AGCS Revised to Negative on ‘Weak Underwriting Performance’
Jun 18 2020 // S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while at the same time affirmed the insurer’s “AA” financial strength and...
Allianz Global Corporate & Specialty Launches ‘Cyber Protect’ Product for UK Market
Jun 16 2020 // Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS, Allianz’s entity for large-scale corporate and specialty risks, released its new Allianz...
German Insurer Allianz Seeks Asset Management License from China Regulators
Jun 5 2020 // Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy. Discussions for a license to manage its...
Kang Joins Allianz From Willis Towers Watson to Head Cyber in North America
Jun 4 2020 // Allianz Global Corporate & Specialty (AGCS) announced that Thomas Kang is joining the insurer as head of Cyber in North America. Kang, an attorney, joins AGCS from Willis Towers Watson, where he served as Global Cyber...
Allianz and Generali Plan to Sell Life Insurance Assets: Sources
May 28 2020 // Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as...
Allianz Group Appoints Richter to Lead Cyber Center of Competence
May 20 2020 // Dr. Catharina Richter will be appointed global head of Cyber Center of Competence for Allianz Group, effective June 1, 2020. The Cyber Center of Competence (CoC) coordinates and steers cyber risk underwriting and...
Allianz Posts 29% Drop in Q1 Net Profit as COVID-19 Crisis Slows Business
May 12 2020 // German insurer Allianz said on Tuesday that a key measure of capital may fall below the company’s target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which earlier reported...
Two Law Firms Seek British Businesses to Join Biz Interruption Lawsuit Against Allianz
May 6 2020 // Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer Allianz for rejecting business interruption claims during the coronavirus pandemic. Edwin Coe and...
Allianz Withdraws 2020 Profit Target on Pandemic Uncertainties
May 1 2020 // Allianz SE withdrew its forecast for the year as Europe’s biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board “does not assume that Allianz can...
Coronavirus Will Cause ‘Massive’ Losses Across Insurance Industry, Says Allianz CEO
Apr 17 2020 // Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers’ business models and will cause “massive” losses across the industry. The virus has forced closures across the...
Facilities Closed During Coronavirus Crisis Pose New Risks, Allianz Cautions
Apr 7 2020 // Many companies are having to shutdown their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), improper action or...
Consumers Find Travel Insurance Policies Not Much Help in Coronavirus Crisis
Apr 6 2020 // Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their plans, or worse, leaves them sick at sea. Most travel insurance companies won’t provide...
Allianz Global Corporate & Specialty Names Shahkarami as 1st Chief Data Officer
Apr 2 2020 // Ali Shahkarami (46) has been appointed as chief data officer for Allianz Global Corporate & Specialty (AGCS). In this newly created position, he will be responsible for the development and the delivery of AGCS data...
