Allianz Global Corporate & Specialty (AGCS) News

Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses

Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses for a cash consideration of $450 million. The transaction includes …

People Moves: Papanikolaou to Succeed Mueller as AGCS CEO and Will Lead Allianz Commercial; May Promoted to CEO of Lloyd’s Europe as Breitburd Steps Down

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS) and Lloyd’s Europe. A summary of these new hires follows here. Papanikolaou to Succeed Mueller as CEO of AGCS and Will Lead Allianz Commercial …

AGCS and Local Allianz P/C Entities Now Trading as ‘Allianz Commercial’

Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance businesses of local Allianz Property & Casualty (P&C) entities have begun to trade as “Allianz Commercial” in one go-to-market business that offers insurance solutions for mid-sized businesses, large enterprises …

Report: Top Emerging Liability Trends in the Professional Services Sector

Inflation, new technology, evolving legislation and hackers for hire are just a few of the exposures facing professional services firms including management consultants, auditors, accountants, architects, engineers, solicitors and lawyers and media executives. A new report by Allianz Global Corporate …

Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk

Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according to a report published by Allianz Global Corporate & Speciality …

Rise in Fires, Ukraine-Russia Fallout Top Concerns for Shipping Industry: Allianz Report

The maritime sector experienced fewer total losses of vessels in 2022 while the number of shipping incidents remained relatively consistent, according to a recent report. Allianz Global Corporate & Specialty (AGCS) published its Safety and Shipping Review 2023, an annual …

Raising the Curtain on the Recovery and Risks in the Entertainment Industry

When celebrities collect their Oscars on Sunday, none of them will thank insurers. But it’s the insurance industry that makes entertainment production possible, whether it’s movies, live concerts, or even a virtual event. They all need all kinds of insurance. …

Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business

Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will encompass its Allianz Global Corporate & Specialty (AGCS) business, serving large corporate clients, and the insurance businesses …

People Moves: Ryan Hired to Lead AGCS North America; Goosehead Leadership Promotions; New Private Equity Head at LSM

Tracy Ryan will join the Allianz Global Corporate & Specialty SE Board of Management as Chief Regions and Markets Officer for North America. She succeeds William (Bill) Scaldaferri who has decided to leave Allianz after 23 years, 11 of which …

People Moves: AGCS Creates Delegated Authority, Portfolio & Facilities Team; WTW Bolsters Exposure Mgmt, Climate Analytics Unit; IQUW Hires Jiang for Political Risk

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Willis Towers Watson (WTW), and Lloyd’s insurer IQUW. A summary of these new hire follows here. AGCS Creates Delegated Authority, Portfolio & Facilities Team, Led …