Allianz has slightly downgraded its profit outlook for the full year after increased claims from natural disasters in North America, the German insurance giant’s finance chief said. Hurricanes Harvey, Irma and Maria, two earthquakes in Mexico, and fires in California …
Allianz Global Corporate & Specialty SE (AGCS) has successfully trialed blockchain technology for a global captive insurance program, which facilitates cash transfers between countries. AGCS’s Allianz Risk Transfer (ART) business has teamed up with EY (Ernst & Young) as blockchain …
Saudi Arabia’s insurance industry needs more consolidation and foreign input to help create solid companies capable of competing in the oil-rich nation’s crowded market, the country’s central bank chief said. “There are some small firms I don’t believe are capable …
Insurers are considering raising premiums for tall buildings in Britain with flammable cladding panels and no sprinklers or even excluding related risks following the Grenfell fire in London earlier this year. Inquiries into the tragedy, which killed up to 80 …
The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms have moved fast to develop new products, …
A coalition of insurance firms agreed on Friday to crack down on pirate fishing by banning coverage for trawlers whose illegal catches are worth at least $10 billion a year. Firms would deny insurance for vessels on a European Union …
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has teamed up with San Mateo, Calif.-based cyber risk analytics and modeling firm Cyence to boost its global cyber risk analysis capabilities. Cyence’s cyber analytics …
China’s Anbang Insurance Group Co. Ltd. and HNA Group Co. Ltd. separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledge of the matter said. The conglomerates …
Allianz Group announced a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. Financial details of the transaction were not disclosed. Ensure Insurance Plc. offers life and non-life insurance …
When Micah Carr-Hill wanted to insure Chief, the Labrador that helps with his son’s autism therapy, he found an ally in Munich Re, the world’s biggest reinsurer. The German company had just teamed up with a U.K. internet startup to …
