Allianz to expand alternative risk transfer businessPosted On: Jul. 5, 2019 5:54 AM CST
Germany-based Allianz Global Corporate and Specialty S.E. plans to expand its alternative risk-transfer business in the Pacific region related to weather risks and parametric insurance, Artemis.bm reported. Allianz has appointed James Stack as chief executive of its Pacific unit to tap the insurance-linked securities for risk transfer opportunities.