Latest Allianz Headlines
All the headlines from our Allianz Topic Page, ordered by recency.
People Moves: Allianz’ Ress to AXA XL; Tye Succeeds Card as Carbon’s CEO; Woodhams Promoted at iprism
Jul 6 2021 // This group of international People Moves provides details of appointments at insurer AXA XL; Carbon Underwriting, a managing general underwriter; and iprism, a managing general agent. A summary of these new hires...
People Moves: Arch’s Kashuba, TransRe’s Robinson to Ascot; Marsh’s Little to MS Amlin; Allianz’ Schaefer to Howden
Jun 25 2021 // These international People Moves detail new hires at two Lloyd’s insurers (Ascot and MS Amlin) and broker Howden. A summary of these appointments follows here. Insurer Ascot Group announced the expansion of its U.S....
French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns
Jun 17 2021 // A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter...
Generali, Allianz Are Among Suitors for NN Group’s Asset Manager Arm: Sources
Jun 4 2021 // DWS Group and Assicurazioni Generali SpA are among suitors that submitted initial bids this week for the asset management arm of NN Group NV, people familiar with the matter said. The unit, known as NN Investment Partners,...
Italy Probes Alleged Cartel Among Auto Insurers, Including Allianz Direct, Zurich
May 21 2021 // MILAN – Italy’s antitrust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile...
COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz
May 17 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also...
People Moves: Everest Re’s Grace Moves to Allianz; Williamson Adds Role as Head of Everest Reinsurance
May 11 2021 // Everest Re Group reports that Jim Williamson has assumed responsibilities as the head of the Everest Reinsurance Division effective immediately. This is in addition to his roles as executive vice president and group chief...
COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz
May 6 2021 // COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also...
Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty
May 3 2021 // Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority agreement for small and medium-sized enterprises (SMEs) customers. Nexus, a...
Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals
Apr 16 2021 // Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with...
Allianz Privately Mulls Counteroffer for The Hartford After Chubb’s Offer
Mar 28 2021 // Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the feasibility of a counteroffer, according to people familiar with the...
Suez Canal Blockage Could Cost Global Trade $6B-$10B per Week: Allianz
Mar 26 2021 // BERLIN – The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. The study by Europe’s biggest insurer also found...
Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War
Mar 26 2021 // Allianz SE, Europe’s largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion). The deal values London-based Aviva’s Polish business at 2.7 billion euros, according...
Allianz Partners Adds Epidemic Coverage to Travel Insurance Products
Mar 23 2021 // Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage to customers who become ill with COVID-19 or a future epidemic, are...
Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership
Mar 9 2021 // Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing and other related digital services. The deal also includes a strategic...
Aviva Sells Italian Businesses to Allianz and CNP in 2 Deals Totaling $1.1 Billion
Mar 4 2021 // Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the UK insurer continues to pivot to its core markets. CNP Assurances and Allianz SE bought the London-based...
Portevin Appointed Global Head of Allianz Risk Consulting
Mar 3 2021 // Thierry Portevin, current global head of property at Allianz Global Corporate & Specialty (AGCS), will be appointed global head of Allianz Risk Consulting (ARC), reporting directly to Tony Buckle, chief underwriting...
Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users
Mar 2 2021 // Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its clients, the companies...
Hub Adds Entertainment Specialist Cloward from Allianz in California
Mar 2 2021 // Hub International has added entertainment insurance specialist David Cloward as practice leader in the Los Angeles, Calif. office. Cloward will focus on managing film, production, venue, business management and live...
Allianz Global Corporate & Specialty Promotes Fioretti in New York
Feb 24 2021 // Allianz Global Corporate & Specialty (AGCS) has named Katie Fioretti as regional head of portfolio steering for financial lines in North America, effective immediately. She assumes the role from Alessandro Carriglio,...
