Allianz

Allianz warns nuclear verdicts have almost trebled since 2020

Pharma class actions, mounting PFAS litigation and the growth of collective redress outside the US are creating a challenging market for liability insurers, which are already grappling with “spiralling” claims costs as nuclear verdicts increase in number and size, according to Allianz Commercial.

MGA Aqueous secures multi-year capacity deal with Sompo and Allied World

Professional indemnity MGA Aqueous Underwriting has secured a three-year capacity deal with Allied World and Sompo.

Allianz Commercial reshuffles in the Americas as Ryan accepts NCCI CEO role

Tracy Ryan will step down from the board of Allianz Global Corporate & Specialty and her role leading Allianz Commercial in the Americas at the end of the year to become CEO of the National Council on Compensation Insurance, replacing Bill Donnell, who is set to retire.

Allianz Commercial names Carslake head of London region

Allianz Commercial has appointed Rob Carslake as its new head of the London region for mid-market.

Allianz posts 93.5% CR for Q3 2024

Allianz has recorded a 93.5 percent combined ratio for the third quarter of 2024, a 2.7 percentage point improvement year on year.

Baloise to sell digital P&C insurer Friday to Allianz

Baloise Holding has announced the sale of its portfolio holdings in digital P&C insurer Friday, one month after Swedish activist investor Cevian Capital disclosed a stake in the Swiss group.

Exclusive: Allianz weighs options for AllianzGI unit, sources say

October 24 (Reuters) by Amy-Jo Crowley, Alexander Hübner, Andres Gonzalez and Anousha Sakoui – Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale.

Allianz ranked as most valuable insurance brand in latest Interbrand ranking

German insurer Allianz has broken into the top 30 most valuable brands in the world for the first time, according to Interbrand’s rankings list for 2024.

Allianz settles £16.4mn Various Eateries BI dispute following London appeal

Allianz and Various Eateries have settled a long-running £16.4mn ($21.3mn) suit brought by the restaurant operator over the payment of claims related to business interruption losses suffered because of Covid-19 lockdowns.

Allianz Trade names Edwards ASEAN commercial director

Allianz Trade has bolstered its Asia Pacific team with the appointment of Harry Edwards as ASEAN commercial director.

UK theatre group fights to restart Allianz pandemic BI claim

A West End theatre owner has urged a UK appellate court to restart its long-running Covid-19 business interruption claim against Allianz, arguing that an earlier Commercial Court judgment was wrong to rule that its policy had not been triggered by the pandemic lockdowns.

Singapore govt to block Allianz’s S$2.2bn Income Insurance purchase

The Singapore government has announced its intention to block Allianz’s S$2.2bn ($1.68bn) deal to purchase a majority stake in Income Insurance.

Allianz calls for “step up” in cyber mitigation as large claims jump 14% in H1

The volume of cyber claims is expected to stabilise in 2024 following a rise in frequency last year, driven by an increase in data and privacy breach incidents, according to Allianz Commercial’s latest cyber risk outlook.

Allianz UK offices painted red over alleged ties to Israeli defence firm

Ten of Allianz’s offices across the UK have been targeted in a protest against the German insurer’s alleged involvement with Israeli weapons manufacturer Elbit Systems.

AGCS names AIG’s Lillelund to succeed Papanikoalaou as CEO

Allianz Global Corporate & Specialty SE has confirmed Thomas Lillelund as CEO, as well as assuming leadership of Allianz Commercial.

Lange: Arch targets further middle market growth after acquiring Allianz units

Arch is targeting further middle market growth following its acquisition of Allianz’s US midcorp and entertainment business, with the carrier now better positioned to offer its broad specialty expertise to clients in the vast customer segment, Mark Lange has told The Insurer.

Allianz continues hunt for a Lloyd’s platform despite failure of syndicate start-up plan

Allianz is one of the frontrunners to become the next global carrier to acquire or establish a Lloyd’s platform despite the breakdown of talks last year to launch a new Lloyd’s (re)insurer with a former Ascot team, The Insurer can reveal.

Allianz among insurers suing French gov over New Caledonia riots

Allianz is among a group of insurers suing the French government for alleged negligence in relation to the handling of the May riots in New Caledonia.

AGCS again looking for new CEO less then a year after unveiling Petros Papanikolaou

AGCS is again looking for a new CEO less than a year after appointing Allianz veteran Petros Papanikolaou into the role to succeed Joachim Müller, The Insurer can reveal.

Allianz to expand share buyback to €1.5bn in 2024

German insurer Allianz has decided to expand the total volume of its previously announced 2024 share buyback to €1.5bn ($1.63bn) in a move expected to return more capital to shareholders and welcomed by analysts.

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