Latest Allianz Headlines

All the headlines from our Allianz Topic Page, ordered by recency.

Chubb’s Hearden, Allianz’s LePiane Join Hiscox Professional Risks

Mar 2 2016 // Specialty insurer Hiscox announced senior executive hires to its Professional Risks division, which writes liability coverage for professionals in the technology, architects and engineering, accounting, financial services,...

Allianz Launches Workers’ Comp Unit for Aviation Risks

Mar 2 2016 // Allianz Global Corporate & Specialty (AGCS) has entered into an agreement with the National Air Transportation Association (NATA) through which it has established a new aviation workers’ compensation department....

Allianz Puts South Korean Life Insurance Unit on Block: Sources

Feb 24 2016 // Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global overhaul in a tough low-interest rate environment, sources with direct knowledge of the matter...

Allianz, AXA & Sompo to Distribute Products Across Asia via CIMB Bank Branches

Feb 19 2016 // Allianz SE, AXA SA and Sompo Japan Nipponkoa Holdings Inc. made final bids for the rights to distribute their general insurance products through CIMB Group Holdings Bhd.’s branches across Asia, people with knowledge...

Allianz Q4 2015 Profit Rises to $1.6B on Cat Claims; Lower Than Analyst Estimates

Feb 19 2016 // Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes.Net income at Europe’s biggest insurer increased to 1.42 billion euros ($1.6 billion) in the quarter from 1.22...

Reinsurers’ Loss Reserves Dwindle While Rates Continue to Drop: Allianz Re CEO

Feb 18 2016 // Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according to the head of Allianz SE’s reinsurance unit.“I don’t think there are too many...

Allianz Transfers $1.1B of Policy Obligations to Reinsurer Enstar, Limiting US Risks

Feb 18 2016 // Allianz SE, Europe’s biggest insurer, struck a deal to limit risks in the U.S. by transferring policy obligations to reinsurer Enstar Group Ltd.Enstar will assume net reinsurance reserves of about $1.1 billion and...

Allianz to Buy Aegon’s Commercial P&C Portfolio in the Netherlands

Jan 22 2016 // Allianz has agreed to acquire the commercial P&C portfolio of Aegon in the Netherlands. Details of the transaction were not disclosed.Allianz’s P&C market share in the Netherlands will rise from 4.4 percent...

Allianz Global Creates North America Crisis Management Unit

Jan 7 2016 // Allianz Global Corporate & Specialty (AGCS) announced it has launched a Crisis Management division to assist its North American clients. Marcos Garcia Norris has been named crisis management regional practice group...

Catalina Completes Allianz Suisse Re Acquisition

Dec 18 2015 // Catalina Holdings (Bermuda) Ltd. announced that, following receipt of regulatory approvals from the FINMA the Swiss financial regulator, it has completed its acquisition of Allianz Suisse Ruckversicherungs-Gesellschaft AG...

Allianz Global Names AIG’s Williams Environmental Liability Manager for North America

Dec 11 2015 // Allianz Global Corporate & Specialty (AGCS) reported that Thomas Williams has been named regional practice leader, Environmental Impairment Liability (EIL), for North America. Based in Atlanta, he will report to Dieter...

Business Interruption Claims on the Rise: Allianz

Dec 10 2015 // The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a...

Business Moves

Dec 7 2015 // Endurance, W. Brown AssociatesEndurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has entered into an exclusive joint underwriting agreement with W....

Allianz Launches Motorsports Unit in North America

Dec 2 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is launching a dedicated motorsports unit in North America to be led by David Cloward, Global Product leader for Live...

Allianz Plans to Sell Coal Holdings in Response to Climate Change Concerns: CIO

Nov 24 2015 // Allianz SE is turning its back on coal as returns evaporate from energy generation that is harmful to the environment.Europe’s largest insurer plans to exit holdings in mining companies and utilities that derive more...

Allianz Aims to Increase Premiums by $6.9 Billion Annually

Nov 24 2015 // Allianz SE, Europe’s largest insurer, aims to generate an additional 6.5 billion euros ($6.9 billion) in annual premiums as the company focuses on its most profitable businesses.Allianz wants to achieve annual...

Allianz Names Mackowiak Team Leader in Colorado

Nov 16 2015 // Allianz Global Corporate & Specialty has named Mandy Mackowiak as a team leader for the mountain states territory.Mackowiak will be based in the Denver, Colo. field office. She will be responsible for leading an...

Allianz Specialty Names Christie to Head Global Broker Partnerships

Nov 16 2015 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has named Rani Christie as head of global partnerships, effective Jan. 1, 2016. In this position, Christie will be...

Allianz Forms ‘Digital Transformation’ Unit; Various Senior Execs Appointed

Nov 16 2015 // To foster the digitalization of Allianz Group, a new unit called “Digital Transformation” will be established at Allianz SE, the company announced.Solmaz Altın (41), currently CEO of Allianz Turkey, will be...

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...