Latest Allianz Global Corporate & Specialty Headlines
All the headlines from our Allianz Global Corporate & Specialty Topic Page, ordered by recency.
Allianz Launches Transportation Unit in North America
Nov 12 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is launching a dedicated transportation and logistics unit in North America to be led by Helen Leonard, Inland Marine...
Allianz Group’s AGCS Names Fellows Head of Market Management Canada
Nov 11 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Robert J. Fellows has been named head of market management for Canada, effective January 4, 2016. Based in...
How Big Is Cyber Risk?
Sep 21 2015 // Cyber risk is costing the global economy $445 billion annually, $108 billion of which comes from the U.S., according to a new report. The report from insurer Allianz Global Corporate & Specialty also predicts cyber...
Just How Costly, Fast-Growing Is Cyber Risk?
Sep 15 2015 // Cyber risk is costing the global economy $445 billion annually, $108 billion of which comes from the U.S., according to a new report. The report from insurer Allianz Global Corporate & Specialty also predicts cyber...
Allianz Global Corporate & Specialty Appoints McNulty as Head of Claims in Canada
Jul 9 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that Bernard McNulty has been named the head of claims Canada, effective immediately. Based in Toronto, he will...
Allianz Global Corporate & Specialty Names Kadow as Chief Agent for Canada
May 13 2015 // Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has appointed Ulrich Kadow as chief agent for Canada effective immediately. Based in Toronto, Kadow will lead...
Allianz Completes Sale of Fireman’s Fund Personal Lines to ACE
Apr 1 2015 // Allianz Global Corporate & Specialty (AGCS) said it has completed the sale of the U.S. personal lines business of Fireman’s Fund Insurance Co. (FFIC) to ACE Ltd. The sale, which closed on schedule as previously...
Shipping Losses Down in 2014 But New Threats Loom: Allianz
Mar 26 2015 // Shipping losses declined to 75 during 2014, a 32 percent drop from the previous year and well below the 10-year loss average of 127, according to Allianz Global Corporate & Specialty SE’s (AGCS) third annual...
Allianz Survey: Businesses Face New Challenges in Interconnected World
Jan 15 2015 // Business interruption (BI) and supply chain, natural catastrophes and fire/explosion are the major risks that occupy the attention of companies at the start of 2015, according to the fourth annual “Allianz Risk...
People – East
Jan 12 2015 // Maryland’s Republican Gov.-elect Larry Hogan has named Al Redmer, Jr. to be the state’s insurance commissioner. Maryland’s current insurance commissioner, Therese M. Goldsmith, previously announced that...
People – Southeast
Jan 12 2015 // Raymond Farmer is staying on to lead South Carolina’s Department of Insurance. Farmer said he was asked by Gov. Nikki Haley to stay on in the position he’s held since 2012. Farmer took over nearly a year after...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Jan 12 2015 // On Dec. 18, Allianz Group announced that it would sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Dec 18 2014 // Allianz Group has agreed to sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines business with ACE and the...
Allianz Announces New Leadership Team for Combined Fireman’s Fund, AGCS NA
Dec 12 2014 // German insurance giant Allianz announced a new team that will lead the combined Fireman’s Fund and Allianz Global Corporate & Specialty North American business beginning in 2015. Andrew Torrance, current...
Allianz Realigns Industrial Management, Launches Mid-Corporate Line
Oct 24 2014 // Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of...
Losses by Business Sector
Sep 22 2014 // Aviation Improvements in airline safety are leading to far fewer catastrophic losses overall, despite 2014’s extraordinary loss activity. However, the cost of aviation claims is rising, driven by the widespread use...
Top 10 Causes of Business Insurance Losses
Sep 22 2014 // Nearly 70 percent of business financial losses arise from 10 causes of loss, with the largest single identified cause being ship groundings, reflecting the high values of modern shipping risks, followed by fires and...
Allianz to Assume Fireman’s Fund Commercial Lines; Future of Personal Lines Uncertain
Sep 17 2014 // German insurance giant Allianz said it will absorb the commercial lines business of its U.S. subsidiary Fireman’s Fund Insurance Co. into one of its own global divisions. Meanwhile, after days of declining to...
Allianz Launches Cyber Crime Coverage for Canadian Companies
Aug 19 2014 // Industrial insurance specialist Allianz Global Corporate & Specialty (AGCS) has launched Allianz Cyber Protect in Canada, a suite of coverages with capacity to protect a company in the event of a data loss or a...
Allianz Specialty Reports on ‘Billion Dollar Challenge’ from Panama Canal Expansion
Aug 6 2014 // The Panama Canal is preparing to celebrate its 100th anniversary, accompanied by warnings from insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships...
