Allianz Global Corporate & Specialty News

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 …

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 …

Allianz Adds Reyes to Aviation Underwriting Team in Colorado

Allianz Global Corporate & Specialty has named Hugo Reyes a senior underwriter in General Aviation for North America. Reyes is responsible for the underwriting of complex General Aviation risks and broker development and management. Reyes joins Allianz with nearly two …

Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes

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 …

Phillips to Head Allianz Global Entertainment Business in North America

Allianz Global Corporate & Specialty reported that Wanda Phillips will take on responsibility as the North America regional head of Entertainment, effective January 1, 2019. Phillips will replace Sue McGuirl who has left Allianz to pursue opportunities outside of the …

The Changing Risk and Liability Landscape: New Tech, New Loss Scenarios

Advancements in technology are changing the risk landscape irrevocably and driving potential big changes in liability, and other insurance, claims activity. The opportunities for business from new technologies such as autonomous machines, artificial intelligence, smart factories and digitalized supply chains …

Allianz Global Corporate & Specialty Promotes Haagen and Soja

Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has announced that effective December 31, Henning Haagen will take over as North American regional head of specialty lines, and Rich Soja will become the North American regional head …

Allianz Specialty Names Vassallo to London Energy Team

Allianz Global Corporate & Specialty SE (AGCS) has appointed Anthony Vassallo as senior underwriter leading downstream energy for the regional unit in London that includes the UK, Ireland, Dubai, Russia, the Nordic Region, Australia and New Zealand. He will be …

Allianz Global Corporate & Specialty Names Mann in California Head of E&O

Allianz Global Corporate & Specialty has named Gary Mann North America head of errors and omissions. He is based in San Francisco, Calif. He reports to Paul Schiavone, North America regional head of financial lines. Mann was previously deputy regional …