Allianz Global Corporate & Specialty (AGCS) News

Allianz Promotes Castriotta to North American Financial Product Development Head

Allianz Global Corporate & Specialty has promoted Kelly Castriotta to regional head of Product Development for Financial Lines in North America. Castriotta, an attorney, joined the AGCS Financial Lines team in 2018 and has been helping to manage AGCS’s “silent …

AGCS Names Global Leaders for Alternative Risk Transfer, Crisis Management Units

Allianz Global Corporate & Specialty SE (AGCS) has appointed Christof Bentele to the newly created position of head of Global Client Management for Alternative Risk Transfer. His previous role as head of Global Crisis Management has been split into two …

AGCS Appoints Kadow as Global Head of Marine; Fadden Named Global Head of Aviation

Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective July 1, 2019, Ulrich Kadow will be appointed as AGCS global head of Marine. Effective immediately, Tom Fadden will be …

Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge

Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. In 2018, 46 large ships were …

AGCS Offers Crisis Management Response Services with Its Pollution Liability Cover

Allianz Global Corporate & Specialty (AGCS) announced it is offering expanded emergency response services as part of its Environmental Impairment Liability (EIL) coverage when pollution and/or contamination events occur. AGCS has formed strategic partnerships with GM Consultant (global) and HETI …

AGCS Launches Product Recall Cover for UK Auto Parts Manufacturers

Allianz Global Corporate & Specialty (AGCS), Allianz’ specialist corporate insurer, launched Automotive Component Parts Product Recall cover for the UK market, which enables customers to mitigate the risk of expenses linked to a recall. These expenses can range from the …

AGCS Names Mauthe Regional CEO for Germany, Central & Eastern Europe

Allianz Global Corporate & Specialty SE (AGCS), the industrial insurance unit of Allianz Group, has appointed Hans-Joerg Mauthe as regional CEO for Central & Eastern Europe (CEE). Based in Munich, he will be responsible for the German market and for …

Allianz Offers Reputational Protection in UK to Replace Lost Profits in a Crisis

Allianz Global Corporate & Specialty (AGCS) has launched Reputation Protect Plus in the UK to help companies protect their reputations – their most valuable assets – in times of crisis. Providing “tangible assistance to an intangible risk,” AGCS said its …

Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey

Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

AGCS, Praedicat to Offer Product Safety Resource to Industrial Companies

Allianz Global Corporate & Specialty (AGCS), and Praedicat, an insurtech analytics company based in Los Angeles, have expanded their partnership to provide access to ChemMeta, Praedicat’s software product delivering science and regulatory risk analytics for industrial companies. ChemMeta allows both …