Allianz

Allianz rolls out its new silent cyber strategy in the US

Allianz in the US is only covering “pure financial” non-physical damage cyber-related losses in affirmative cyber policies as part of a change in its underwriting approach that went live earlier this month.

Swiss Re swoops on AGCS for LatAm Corporate Solutions CEO

Swiss Re Corporate Solutions has appointed AGCS’ Angelo Colombo CEO of Latin America.

Allianz considers merging asset manager arm with DWS : reports

German insurer Allianz is investigating combining its asset management business with DWS, the asset management arm majority owned by Deutsche Bank.

Merck insurers resist NotPetya silent cyber claim

US pharmaceutical company Merck is taking legal action against its property insurers over losses relating to 2017’s NotPetya cyber attack after several markets denied the claim citing a war exclusion.

Enstar and ART ink $125mn quota share agreement with Amerisure

Legacy carrier Enstar and Allianz Risk Transfer (ART) have entered into a deal with Amerisure Mutual Insurance Company, which will see both Bermudians assume a 50 percent quota share for construction defect losses incurred by the Michigan-based carrier.

Allianz increases digital investment unit’s fund size to Eur1bn

Allianz X has received additional investment from its German insurer parent, increasing its fund size to Eur1bn ($1.13bn) from Eur430mn.

Allianz leads second Vale dam $400mn loss

AGCS already lead on $200mn Vale GL $400mn TÜV SÜD cover exposed; AGCS leads Arrests in alleged corruption probe

Allianz's P&C unit grows top and bottom line in Q4

German insurance powerhouse Allianz delivered an operating profit of Eur1.5bn ($1.69bn) in its property and casualty business in the fourth quarter of 2018, which was coupled with top line growth in the segment.

QBE Europe taps Allianz for UK director of motor

QBE has appointed Jon Dye as director of motor for the UK.

Maiden hands European automotive group to Allianz

NASDAQ-listed Maiden Holdings has sold its European automotive group to Allianz Partners for an undisclosed sum.

The storm before the calm…

The Insurer was in Bermuda last week and the weather was a perfect metaphor for the mood among (re)insurers.

Allianz shares dip as CEO eyes M&A

Shares in European Insurance heavyweight Allianz dipped today as investors contemplated an increased chance of a large-scale M&A deal.

Allianz gains regulatory nod for first foreign-controlled Chinese carrier

German insurer Allianz has received approval from the Chinese financial regulator to launch an insurance holding company in China.

M&A hungry Allianz extends CEO’s contract by five years

Oliver Bäte, the CEO of Europe’s second largest insurer Allianz, has had his contract extended by a further five years.

Allianz sees third quarter profit climb 21 percent

Europe’s second largest insurer Allianz saw third-quarter operating profit surge 20.6 percent year-on-year, thanks largely to increased earnings in its P&C business, and has confirmed it remains on track to reach its 2018 profit target.

US MGA start-up Vindati hires Allianz exec

Start-up US MGA Vindati has hired former Allianz executive John Barnwell to lead its new ocean marine line of underwriting.

State Farm and Heritage control storm-warned Hawaii’s homeowner market

US giant State Farm dominates almost a third of the $383.6mn homeowner’s market in Hawaii, which stands in the path of Category 3 Hurricane Lane.

Allianz plucks CFO from Ageas

Insurance giant Allianz has hired Fernley Dyson to takeover as finance boss when Mark Churchlow steps down at the end of the year.

AGCS fuels Allianz premium growth as combined ratio inches up

Allianz’ specialty arm AGCS was one of the drivers behind a 3.4 percent uptick in premium at the German insurance giant, which blamed weather losses for a marginal deterioration in its combined ratio in the second quarter.

Allianz weighing approach for RSA, Aviva: report

German insurance giant Allianz is mulling a takeover approach for large UK carriers including RSA and Aviva after the Oliver Bäte-led company was beaten to the punch in pursuit of XL Group.

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