Allianz Global Corporate & Specialty News

Allianz Aims to Grow Global Program Business with New Multinational Team

Global insurer Allianz is moving to substantially expand its business from customers in the global insurance program sector and serve the increasing demand from large and medium-size companies needing cross-border coverage. Its international corporate insurance carrier, Allianz Global Corporate & …

Construction Industry Faces ‘New Age’ Risks Along with Strong Growth Outlook

The global construction industry’s risk landscape will be transformed by radical changes in design, materials and processes as the industry enters a sustained period of strong growth. The post-Covid-19 growth will be driven by government spending on infrastructure and the …

People Moves: Garrison Heads Navigators Wholesale; Trochey Joins Ascot; AXA Environmental Adds 3; Allianz Names Houlihan

The Hartford Names Garrison Head Of Navigators Wholesale The Hartford has named Michael Garrison as head of Wholesale for Navigators, a brand of The Hartford. Garrison will lead the strategic direction, growth, and underwriting for the business, as well as …

People Moves: Jencap’s Maher, XS Brokers’ Mordarski Promoted; AGCS Hires Two

New York’s Jencap Group Promotes Maher to President Jencap Group LLC, a New York-headquartered national wholesale intermediary, has promoted Mark Maher to president. In his new role, Maher will work with the Jencap management team to develop strategic plans, drive …

Risk Management (or Lack Thereof) and Texas’ Deep Freeze Energy Failures

While renewable energy sources such as wind turbines and solar panels fuel a fraction of the state’s energy grid, the bulk of Texas’ power is supplied by natural gas, coal and nuclear plants, with natural gas power plants generating nearly …

Allianz Global Corporate & Specialty Promotes Fioretti in New York

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, now head of claims reporting and analytics. Fioretti reports …

Covid-19 Vaccine Distribution Risks and Insurance: Q&A With Allianz Specialists

As COVID-19 vaccine distribution rolls out across the country, insurers of the pharmaceutical industry are in a position to share their experience as to what constitutes a successful and safe distribution process. Allianz Global Corporate & Specialty (AGCS) is one …

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. …

Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation

Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of dollars. Japan has more than 200 cases of …

Venture Insurance Programs Partners with Allianz on Golf, Country Club Accounts

Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the golf and country club accounts of its flagship PREFERRED CLUB program. PREFERRED …