Allianz Marine & Aviation, the Allianz Group brand for specialist transportation, shipping and aviation insurance, has confirmed its strategy of focused specialization within selected markets based on strong technical underwriting.
The announcement follows the recent affirmation of the division’s “A-” (Strong) ratings by Standard & Poor’s (See IJ Website Dec. 8), and the outlook upgrade from “stable” to “positive”, on the two operating companies.
The bulletin said Allianz Marine & Aviation “has reinforced its commitment to maintaining technical underwriting discipline and growing those key lines of business, such as General Aviation, Cargo and pleasure craft, which can offer opportunities for collaboration with other Allianz Group organisations.”
CEO Heinz-Werner Hof commented: “Our strategy has always been based on a combination of strong underwriting discipline and technical focus. I am pleased to note that Standard & Poor’s stressed these competences in their positive commentary on our rating outlook.
The aim is now to build on our strengths in a range of marine and aviation sectors, notably general aviation, cargo and pleasure craft, in association with the Allianz Group international network and other partners.”
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