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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.

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.

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