Allianz Global Corporate & Specialty (AGCS) News

Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz

A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three perils to the top of the list of global business risks in this year’s Allianz Risk Barometer. Cyber incidents top …

People Moves: Aon Recruits WTW’s James as Chief Broking Officer, Commercial Risk UK; Allianz’ Strong to WTW as Head of Environmental; AGCS Promotes Yee for TMT

This edition of International People Moves details appointments at Aon, Willis Towers Watson and Allianz Global Corporate & Specialty (AGCS). A summary of these new hires follows here. Aon Recruits James from WTW as Chief Broking Officer, Commercial Risk UK …

People Moves: AGCS Promotes Williams to CUO Corporate, Succeeding Buckle; Aon Names Irl to U.S. Reinsurance Treaty Team; AXIS’ Gorman to Arrow Risk Mgmt

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty, Aon’s Reinsurance Solutions team and Arrow Risk Management. A summary of these new hires follows here. AGCS Promotes Williams to CUO Corporate, Succeeding Buckle Allianz Global …

AGCS, Insurtech Visicover Launch Marine Insurance Service for UK Leisure Vessel Owners

Allianz Global Corporate & Specialty (AGCS), Allianz’ entity for large-scale corporate and specialty risks, announced the launch of an online marine insurance service designed for UK leisure vessel owners in collaboration with insurtech company Visicover. Visicover’s web-based service lets customers …

Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount

LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and U.S. …

People Moves: Allianz Global Corporate & Specialty Appoints 5 to Leadership Team

Allianz Global Corporate & Specialty SE (AGCS) announced it is strengthening its leadership team, hiring internal and external talent for executive positions in its regional management, underwriting and risk consulting functions, all market-facing roles. Alfredo Alonso who currently leads AGCS’ …

Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report

During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published by Allianz Global Corporate & Specialty (AGCS). Further, the report noted, business interruption and restoration costs are the main causes …

What Corporations Can Do to Avoid Ransomware Attacks

Allianz Global Corporate & Specialty (AGCS) has published a checklist of cyber risk management recommendations to help prevent ransomware attacks. “In around 80% of ransomware incidents, losses could have been avoided if the organizations had followed best practices. Regular patching, …

People Moves: Beazley Names Sanchez to New Cyber Role; AGCS Promotes Vassallo for Energy & Construction; Dyer and Adams Join Marsh’s UK Marine & Cargo Practice

This edition of International People Moves covers London-based appointments at Beazley, Allianz Global Corporate & Specialty (AGCS) and Marsh. A summary of these promotions and new hires follows here. Insurer Beazley Names Sanchez for Newly Created Global Head of Cyber …

People Moves: AXA’s Sayce to AGCS as Head of Cyber; AGCS’ Drubhra to HDI; Amwins Hires Miller’s Johnson, AFL’s Ritson, Nationale Nederlanden’s Dekker

This wrap-up of international People Moves includes appointments at Allianz Global Corporate & Specialty (AGCS); HDI Global SE UK & Ireland, and Amwins Global Risks. A summary of these new hires follows here. Scott Sayce will join Allianz Global Corporate …