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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.

Wave of new megaships stokes fear of outsize losses

By: Sarah Veysey

Published April 10, 2016 - 12:01am CST

The increasing size of container and passenger ships and opening of new shipping routes present new risks for the maritime industry as well as exacerbate some longstanding perils.

Anbang buys Allianz's Korean units

By: Thomson Reuters

Published April 06, 2016 - 11:13am CST

(Reuters) — Anbang Insurance Group has agreed to buy German insurer Allianz's South Korean businesses for more than $3 million, the Chinese company said on Wednesday.

Allianz unit sells public liability insurance division

By: Joyce Famakinwa

Published March 29, 2016 - 2:50pm CST

Catalina Holdings (Bermuda) Ltd. said that its wholly owned London-based subsidiary Catalina Holdings UK Ltd. has signed a definitive agreement to acquire AGF Insurance Ltd. from Allianz S.E. unit AGF Holdings Ltd.

Allianz veteran leaving North America specialty

By: Donna Mahoney

Published March 15, 2016 - 3:06pm CST

Allianz Global Corporate & Specialty North America said Tuesday that Art Moossmann will leave as president and CEO effective July 1.

Week in pictures

Published March 11, 2016 - 9:32am CST

Widespread hacks, whistleblower suits and more from AIG fill the Business Insurance week in pictures.

VW faces Allianz suit over share drop; jobs under threat after scandal

By: Thomson Reuters

Published March 08, 2016 - 9:21am CST

If successful, it would add to mounting financial pressures on the German carmaker, which is already facing fines and dozens of private lawsuits over its "Dieselgate" emissions scandal.

QBE aviation comp specialists bail to launch unit at Allianz

By: Joyce Famakinwa

Published March 01, 2016 - 2:43pm CST

A group of former senior underwriters from QBE North America is heading up Allianz Global's new U.S. aviation workers compensation department.

Allianz to underwrite aviation industry workers comp program

By: Joyce Famakinwa

Published February 26, 2016 - 11:54am CST

Allianz Global inked a deal last week with the National Air Transportation Association to provide additional comp insurance coverage to its members.

Allianz seeks buyers for South Korean insurance unit: Sources

By: Thomson Reuters

Published February 24, 2016 - 8:40am CST

(Reuters) — Europe's largest insurer, Allianz S.E., 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 said.

Germany's Allianz battens down amid turmoil

By: Thomson Reuters

Published February 19, 2016 - 9:34am CST

Europe's biggest insurer is revamping operations to prepare for the incoming “perfect storm” from low interest rates, weak economic growth and geopolitical risks.

Allianz reduces runoff with $1 billion legacy liability transfer

By: Donna Mahoney

Published February 18, 2016 - 11:42am CST

Allianz S.E. Reinsurance says it will transfer $1.1 billion in U.S. legacy liability claims to runoff reinsurer Enstar Group Ltd. in a 50% quota share arrangement.

Global insurers plot cautious course to re-enter Iran market

By: Thomson Reuters

Published January 25, 2016 - 9:41am CST

First test of appetite for a market worth $7.4 billion in premiums likely to come in March.

Business interruption remains most feared risk; market vagaries rank second

By: Mark A. Hofmann

Published January 13, 2016 - 12:15am CST

For the fourth year in a row, risk experts around the globe have identified business interruption as the top corporate peril in Allianz's annual Risk Barometer report.

Allianz launches crisis management division in North America

By: Joyce Famakinwa

Published January 06, 2016 - 12:36pm CST

Allianz Global Corporate & Specialty said Wednesday that it has launched a North American crisis management division to provide prevention, preparation for and recovery assistance from crisis incidents.

Allianz specialty division launches U.S. cyber unit

By: Joyce Famakinwa

Published December 15, 2015 - 12:19pm CST

Allianz S.E. on Tuesday said its Allianz Global Corporate & Specialty S.E. division will launch a dedicated cyber unit in the U.S. as a response to the rise of intellectual property theft and cyber-extortion.

Week in pictures

Published December 11, 2015 - 12:01am CST

Business Insurance week in pictures is knee deep in flood waters — and more Ace appointments.

Global economy fueling more severe business interruption claims

By: Mark A. Hofmann

Published December 09, 2015 - 10:12am CST

Increasing interdependencies between companies is a key factor driving growing business interruption claims, according to a recent report.

British insurers rethink models after repeat of 100-year floods

By: Thomson Reuters

Published December 07, 2015 - 11:56am CST

(Reuters) — British insurers could have to pay out up to 250 million pounds ($377.8 million) in claims to owners of homes and businesses, industry specialists said on Monday, after the northwest of England suffered once-in-a-century floods for the second time in 10 years.

Allianz launches North America motorsports unit

By: Joyce Famakinwa

Published December 02, 2015 - 11:43am CST

Allianz Global Corporate & Specialty S.E., Allianz S.E.’s corporate and specialty insurance unit, on Wednesday said it has launched a North American motorsports division under its AGCS entertainment umbrella with Alive Risk as its managing general agent.

Allianz shakes up business to boost profitability

By: Thomson Reuters

Published November 24, 2015 - 10:28am CST

Times are tough for insurers, but Allianz is fighting the good fight by reinvesting savings, pursuing opportunities in Asia and honing in on new customers.

Allianz launches North America transportation, logistics unit

By: Joyce Famakinwa

Published November 09, 2015 - 11:39am CST

Allianz Global Corporate & Specialty has launched a transportation and logistics unit in North America.

Allianz earnings down ahead of strategy review

By: Thomson Reuters

Published November 06, 2015 - 8:12am CST

(Reuters) — Allianz S.E.'s earnings fell more than expected in the third quarter as market turbulence hit asset management and insurance results, raising pressure on Europe's biggest insurer ahead of this month's strategy review.

List of global systemically important insurers updated

By: Sarah Veysey

Published November 03, 2015 - 10:38am CST

The Financial Stability Board on Tuesday said it has added Aegon N.V. to its list of global systemically important insurers and removed Assicurazioni Generali.

Moscow insurer leads hull and liability cover for crashed Russian jet

By: Sarah Veysey

Published November 02, 2015 - 9:23am CST

Ingosstrak leads coverage for the Russian Metrojet Airbus that crashed in Egypt, killing all 224 people aboard.

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