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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.

Ace Group announces $5.3 billion bond to fund Chubb buy

By: Thomson Reuters

Published October 27, 2015 - 9:49am CST

(Reuters) — Swiss insurer Ace Group Ltd. on Tuesday announced a $5.3 billion four-part bond to help finance its $28.3 billion acquisition of Chubb Corp., and is expected to price the trade later in the day.

Wrongful death lawsuit filed in cargo ship sinking

By: Sarah Veysey

Published October 20, 2015 - 9:33am CST

El Faro, which the suit charges was not seaworthy, went down off the Bahamas during Hurricane Joaquin with 33 people aboard.

European insurers centralizing reinsurance purchases

By: Sarah Veysey

Published October 19, 2015 - 9:13am CST

Many large European insurers have continued to centralize their reinsurance buying and are purchasing less reinsurance, according to a report published Monday by Standard & Poor’s Corp.

China insurers seek Western mentors for health, property products

By: Thomson Reuters

Published October 13, 2015 - 9:12am CST

(Reuters) — Chinese insurers are pursuing strategic tie-ups and outright M&A to tap Western expertise, keen for knowledge on products, pricing and technology as a nascent market for health and property insurance takes off, industry executives say.

'Bond king' sues Pimco for $200 million over forced ouster

By: Thomson Reuters

Published October 08, 2015 - 2:28pm CST

Famed bond investor Bill Gross says his $250 million bonus drove jealous managing directors at Pimco, a unit of Allianz S.E., to plot his ouster.

QBE snags senior vice president from Allianz

By: Joyce Famakinwa

Published October 05, 2015 - 1:26pm CST

Walter Grote to have responsibility for commercial property/casualty insurance business.

Global regulators finalize new capital rules for big insurers

By: Thomson Reuters

Published October 05, 2015 - 11:27am CST

After G20-requested review, AIG, Allianz, Aviva, Ping An and Axa are among the world's insurers that will need deeper pockets.

Hyperion, DUAL tap former Allianz exec as chairman

By: Joyce Famakinwa

Published October 02, 2015 - 3:24pm CST

DUAL International Ltd., the underwriting arm of Hyperion Insurance Group Ltd., said Friday it has appointed former Allianz S.E. board member Clem Booth as nonexecutive chairman of the board at DUAL and Hyperion.

Embattled VW looks to cut costs; directors and officers cover targeted

By: Judy Greenwald and Sarah Veysey

Published October 01, 2015 - 3:11pm CST

Volkswagen A.G., hit hard by an emissions scandal affecting millions of diesel VW and Audi cars, is seeking ways to cut its costs amid a flood of litigation, some of which looks to target its directors and officers insurance.

Embedded technologies driving cyber risks

By: Mark A. Hofmann

Published September 09, 2015 - 9:54am CST

The growing popularity of mobile devices is likely to increase cyber risk, according to a study released Wednesday by Allianz Global Corporate & Specialty S.E.

Lockton Brazil nabs ex-Allianz exec for deputy CEO post

By: Joyce Famakinwa

Published August 25, 2015 - 4:29pm CST

Lockton Cos. L.L.C. has appointed former Allianz Group executive Guilherme Perondi Neto as deputy CEO of their Brazilian subsidiary, Lockton Brazil.

Vacationing Czechs drive on the wild side

Published August 20, 2015 - 9:12am CST

Wild and crazy animal encounters are shaping up as a summer travel risk — especially for vacationers from the Czech Republic — based on reports from insurers.

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