AGCS News

AGCS Names Generali’s Baker as Regional Head of Liability for London, Nordics Unit

Allianz Global Corporate & Specialty (AGCS) announced the appointment of Luke Baker as the new regional head of Liability for Regional Unit London and Nordics. He will join AGCS, Allianz’s entity for large-scale corporate and specialty risks, early in 2021. …

Allianz Restructures AGCS North America Team as Part of New Profit Plan

As Allianz Global Corporate & Specialty SE (AGCS) executes its plan to regain profitability in the corporate and specialty insurance segment, it is adopting a more simplified regional organization in North America. The company announced several U.S. and Canada appointments …

Allianz Global Corporate & Specialty Restructures to ‘Regain Profitability’

Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on restructuring program, designed “to regain profitability and market leadership in the corporate and specialty insurance segment.” The transformation program, which is called “New AGCS,” is …

S&P’s Outlook for AGCS Revised to Negative on ‘Weak Underwriting Performance’

S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while at the same time affirmed the insurer’s “AA” financial strength and issuer credit ratings. The outlook revision reflects S&P’s view …

Allianz Global Corporate & Specialty Launches ‘Cyber Protect’ Product for UK Market

Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS, Allianz’s entity for large-scale corporate and specialty risks, released its new Allianz Cyber Protect policy that provides a full suite …

Kang Joins Allianz From Willis Towers Watson to Head Cyber in North America

Allianz Global Corporate & Specialty (AGCS) announced that Thomas Kang is joining the insurer as head of Cyber in North America. Kang, an attorney, joins AGCS from Willis Towers Watson, where he served as Global Cyber Product leader since 2018. …

AGCS Names Global Leaders for Alternative Risk Transfer, Crisis Management Units

Allianz Global Corporate & Specialty SE (AGCS) has appointed Christof Bentele to the newly created position of head of Global Client Management for Alternative Risk Transfer. His previous role as head of Global Crisis Management has been split into two …

Allianz Specialty Moves Ossena to U.S. to Head North American Marine Business

Allianz Global Corporate & Specialty AGCS) announced that Baptiste Ossena, global product leader of Hull and Marine Liabilities (HML), is assuming additional responsibility as the North American regional head of HML. Relocating to New York from Paris, Ossena will work …

Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey

Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report

Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that business interruption – including supply chain disruption – ranks …