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Allianz Global Corporate unit makes executive moves

By: Sarah Veysey

Published August 09, 2016 - 9:56am CST

Allianz Global Corporate & Speciality, a unit of Munich-based Allianz S.E., has announced a series of senior underwriting appointments.

Damage claims, investment weakness hit Allianz in second quarter

By: Thomson Reuters

Published August 05, 2016 - 8:32am CST

(Reuters) — German insurer Allianz S.E. reported earnings battered by higher damage claims, a loss on the sale of its South Korean business and a weaker investment performance in the second quarter, sending its share price down by over 4 percent.

Policy combines cyber and professional liability coverage

By: Joyce Famakinwa

Published August 03, 2016 - 1:54pm CST

Allianz Global Corporate & Specialty S.E., Allianz S.E.’s specialist corporate insurer unit, said Wednesday that it has launched a cyber and professional liability coverage product for North America.

Allianz unit forced to pay archdiocese sex abuse settlement

By: Rob Lenihan

Published August 02, 2016 - 1:34pm CST

A federal judge has awarded nearly $1 million to the Roman Catholic Archdiocese of Hartford, Connecticut.

Experience at sea is best safety training

By: Sarah Veysey

Published July 31, 2016 - 12:01am CST

A perceived overreliance by some ships' crews on technology and a lack of crew experience is leading to safety concerns in the maritime industry, experts say.

Soccer club's stadium gets boost from insurer Allianz

Published July 21, 2016 - 10:01am CST

Austrian soccer club SK Rapid Wien has opened its 2016-17 campaign under the benevolent embrace of Munich-based insurer Allianz S.E.

Allianz offers transactional liability coverage in North America

By: Joyce Famakinwa

Published July 20, 2016 - 1:29pm CST

Allianz Global Corporate & Specialty S.E. has launched a transactional liability unit in North America to cover risks posed by mergers and acquisitions.

Allianz sees cyber premiums as fire insurance of 21st century

By: Thomson Reuters

Published July 13, 2016 - 2:52pm CST

(Reuters) — The growing threat of hacking and a duty to protect data more stringently will accelerate demand for cyber insurance in Europe, insurer Allianz S.E. said on Wednesday, as it launched its first product aimed at Germany's small-to-medium-sized manufacturers.

London market underwriters group bolsters board

By: Sarah Veysey

Published July 05, 2016 - 9:18am CST

Six London insurance market executives have been elected to the board of the International Underwriting Association, the London-based IUA announced Tuesday.

XL Catlin expands marine team, snags from rivals

By: Joyce Famakinwa

Published June 30, 2016 - 2:27pm CST

XL Catlin said on Thursday that it has expanded its inland marine business in the U.S. by adding six senior marine underwriters.

Allianz global specialty unit makes executive moves

By: Sarah Veysey

Published June 29, 2016 - 9:24am CST

The company has named a new board member and chief underwriting officer for specialty lines.

Allianz names regional head of aviation

By: Joyce Famakinwa

Published June 21, 2016 - 12:26pm CST

Allianz Global Corporate & Specialty S.E. on Tuesday said it has named Toronto-based Michael Hansen regional head of aviation for North America.

Zurich sells African insurer to rival

By: Mark A. Hofmann

Published June 17, 2016 - 9:56am CST

Allianz S.E. has agreed to buy Zurich Insurance Group Ltd.’s Moroccan insurance business for €244 million ($347.9 million), Allianz announced Friday.

Insurer appoints new head of property for Canada

By: Joyce Famakinwa

Published June 16, 2016 - 12:48pm CST

Allianz Global Corporate & Specialty has named Toronto-based John Hastings head of property for Canada, the insurer said in a Thursday statement.

Bigger risks, rewards come with Panama Canal expansion

By: Rob Lenihan

Published June 15, 2016 - 2:55pm CST

The Panama Canal's expansion will increase the value of insured goods and risk accumulation, Allianz Global Corporate & Specialty said Wednesday.

Insurers protecting cash from theft, fire — and fees

Published June 15, 2016 - 10:12am CST

It's logical that a bank would be a place where cash is stashed, but Europe's economics may have lead to too much of a good thing.

Runoff specialist picks up reinsurance pool's legacy business

By: Joyce Famakinwa

Published June 14, 2016 - 3:15pm CST

London-based Compre Group on Tuesday said it has acquired Allianz IARD S.A.’s Ridgwell Fox & Partners Ltd. pool legacy reinsurance business.

Insurer, broker offer wide-ranging drone coverage

By: Joyce Famakinwa

Published June 09, 2016 - 1:09pm CST

German insurer Allianz S.E. and specialty risk broker Transport Risk Management Inc. have teamed to develop an insurance program that will provide liability and hull coverage for commercial unmanned aerial systems exposures.

Allianz expands cyber insurance team

By: Joyce Famakinwa

Published June 07, 2016 - 12:11pm CST

Allianz S.E.'s specialist corporate insurer Allianz Global Corporate & Specialty has expanded its North American cyber insurance team.

Fake car insurance policies land teen behind bars

Published June 07, 2016 - 10:45am CST

If you're planning to write fraudulent insurance policies, it might be wise not to pretend you're a big insurer.

AIG must face Pimco lawsuit over financial crisis losses

By: Thomson Reuters

Published June 02, 2016 - 8:43am CST

AIG failed to persuade a judge to dismiss claims the company lied about its subprime mortgage exposure prior to the 2008 financial crisis.

Hurricane season is here, so prepare for the worst

By: Andrew Higgins

Published May 29, 2016 - 12:01am CST

It takes just one hurricane or windstorm to wreak havoc on a business. So, with some forecasters predicting an active storm season, preparation is key. Andrew Higgins, technical manager for Allianz Risk Consulting L.L.C. offers tips to help companies reduce the risk and minimize losses.

Capital pours in as insurers eye potential for growth

By: Judy Greenwald

Published May 29, 2016 - 12:01am CST

More capital is coming into the cyber insurance market, experts say.

Limited catastrophe losses buoy Allianz; Alberta wildfires an industry event

By: Gloria Gonzalez

Published May 12, 2016 - 9:55am CST

Insurer Allianz S.E. posted double-digit growth in first-quarter net income amid limited natural catastrophe losses.

Hotel owner's tardy, incomplete damage report means no insurance coverage

By: Judy Greenwald

Published April 15, 2016 - 2:52pm CST

An Allianz S.E. unit is not obligated to pay a claim for 2011 hailstorm damage to a closed Dallas hotel because it was not filed until 19 months after the storm and it was not clear when the damage occurred, an appeals court has ruled.

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