Daily Insurance Industry News
 
 
Daily Insurance Industry News
Saturday 23rd of September 2017
December 13, 2012

Allianz Retail offers Christmas security tips

by Richard Kilner

Story link: Allianz Retail offers Christmas security tips

As Christmas draws nearer Allianz Retail has issued advice to customers and brokers to help ensure properties are as secure as possible over the festive season. Many spend time away from home, visiting family and friends, which can leave unoccupied homes easy pickings for criminals. The insurer has issued a range of tips to avoid […]



December 12, 2012

£2.4bn of presents to be hidden in cars this year

by Richard Kilner

Story link: £2.4bn of presents to be hidden in cars this year

New research from Allianz Your Cover has found that Britons will hide Christmas presents worth a total of £2.4bn in their cars this year. The survey of 2,000 people found that 30% hid their presents in the car, and 28% left them on display and unsecured in the vehicle, heightening the risk of theft. Toys […]



November 19, 2012

Allianz Commercial makes two appointments

by Gill Montia

Story link: Allianz Commercial makes two appointments

Allianz Commercial has announced two new appointments to its Maidstone branch where Sarah Smith is taking up the post of branch manager and Kerry Myles development manager. Ms Smith has worked at Allianz for 17 years during which time she held in a number of senior technical leadership roles in its claims division, most recently […]



November 14, 2012

Willis and Allianz complete electronic accounting link

by Gill Montia

Story link: Willis and Allianz complete electronic accounting link

Willis’ London-based operations and Allianz Global Corporate & Specialty (AGCS) have successfully launched a full electronic accounting process between the two companies, using the current (2010.2) ACORD data standard and exchanging messages via TMEL (The Message Exchange Limited). The move forms part of a continuation in the adoption of e-Accounting in the London Market. Both […]



November 6, 2012

Skills shortage impacts two-thirds of general insurers

by Gill Montia

Story link: Skills shortage impacts two-thirds of general insurers

According to the latest annual survey from Allianz and the Chartered Insurance Institute (CII), 67% of general insurers are experiencing a shortage of skills at present, with the proportion down 10% on a year ago. Despite the year-on-year improvement 73% of the 2,300 CII members questioned identified skills gaps in their organisations, with service quality, […]



October 7, 2012

Allianz mulls appeal over “cost of repair” ruling

by Gill Montia

Story link: Allianz mulls appeal over “cost of repair” ruling

Allianz says its legal team is considering a judgement made by Mr Justice Cooke last week regarding the practice of producing invoices to prove claims for cost of repair. According to the insurer, if the judgement stands, insurers tempted to seek recovery based upon diminution of value, rather than the traditional repair cost, will have […]



October 4, 2012

Home & Legacy launch HNW building works policy

by Gill Montia

Story link: Home & Legacy launch HNW building works policy

Home & Legacy has partnered with Allianz Engineering to launch a building works product for the high net worth insurance market. Building Works Extension is designed to give protection to home insurance policyholders against the risk of damage when refurbishments or extensions are being carried out. As well as covering all risks for the existing […]



September 16, 2012

Allianz Your Cover appoints head of direct

by Gill Montia

Story link: Allianz Your Cover appoints head of direct

Allianz Your Cover Insurance has appointed Jon Lott as head of direct, following the departure of Andy James. Mr Lott is moving to the UK business from his current role as head of direct at Allianz Australia where his responsibilities included profitability, sales, customer experience and product and proposition development. In his new role, he […]



September 7, 2012

Allianz Commercial UK head to retire

by Gill Montia

Story link: Allianz Commercial UK head to retire

Allianz Insurance has announced that Chris Hanks, general manager of Allianz Commercial in the UK, is to retire in 2013 after 45 years in the business. Simon McGinn, who is currently director, commercial broker markets, will succeed Mr Hanks once he steps down. Allianz Insurance chief executive officer, Andrew Torrance, comments: “Chris has been an […]



August 13, 2012

Allianz appoints innovation manager

by Gill Montia

Story link: Allianz appoints innovation manager

Allianz Insurance has promoted Robin Stagg to the post of innovation manager. In his new role, he will work as part of the group’s strategic innovation unit, developing and implement the insurer’s innovation strategy while at the same time ensuring that latest research is taken on board. Mr Stagg joined Allianz’s claims management graduate programme […]



July 20, 2012

Allianz strengthens ecological and social focus

by Gill Montia

Story link: Allianz strengthens ecological and social focus

Allianz is planning to become the first major company in the world to establish a committee at board level tasked with ensuring that ecological and social issues are taken into account in decisions made throughout the organisation. The committee’s members will be Allianz SE board members Clement Booth, Maximilian Zimmerer and Jay Ralph, who will […]



July 11, 2012

Allianz shines through in transparency ratings

by Gill Montia

Story link: Allianz shines through in transparency ratings

Allianz has taken tenth place in the transparency ratings just published by Transparency International, an organisation dedicated to the fight against corruption in business and in government. The group assessed the world’s 105 biggest companies, which together are worth more than $11 trillion, and awarded the German insurer a rating of 6.6 out of 10. […]



June 11, 2012

Allianz acquires Groupama’s French brokerage subsidiary

by Gill Montia

Story link: Allianz acquires Groupama’s French brokerage subsidiary

Allianz and Groupama have reached an agreement for Allianz France to acquire the property and casualty brokerage-related activities of Groupama subsidiary, Gan Eurocourtage. Gan Eurocourtage is a leading property and casualty franchise in the French market and the transfer will create one of the largest brokerage franchises in the country, enhancing Allianz’s existing relationships with […]



May 10, 2012

Allianz on track for 2012 targets

by Gill Montia

Story link: Allianz on track for 2012 targets

Based on preliminary figures, Allianz SE says it achieved total revenues of over €30 billion in the first quarter of 2012, compared to €29.9 billion in the same period of 2011. Operating profit exceeded €2.3 billion, approximately 40% above last year’s level of €1.7 billion, and net income in the first quarter of 2012 topped […]



May 8, 2012

Allianz retains FTSE4Good status

by Gill Montia

Story link: Allianz retains FTSE4Good status

Allianz has been reconfirmed as a member company of the FTSE4Good Index. The insurer has been a member of the sustainability index for more than a decade and this year has been especially recognized in the areas of “countering bribery” and “environmental management”. The Index evaluates companies in five areas as follows: working towards environmental […]



April 13, 2012

Allianz warns on global financial repression

by Gill Montia

Story link: Allianz warns on global financial repression

In its latest Global Strategic Outlook, Allianz Global Investors reports that LTROs (longer term refinancing operations) and notably the European Central Bank’s introduction of three-year long-term refinancing operations, have been the main catalysts for increased risk appetite and falling equity volatility. However, according to the insurer, global imbalances remain and the clash between debtor and […]



Allianz Italy chairman to move on

by Gill Montia

Story link: Allianz Italy chairman to move on

Allianz Italy could soon be looking for a new chairman, the board of UniCredit S.p.A. having reported that it is recommending the appointment of Giuseppe Vita as its new chairman. Shareholders of the Milan-based bank will vote on the proposed appointment on 11th May.



March 19, 2012

Allianz appoints casualty and motor manager

by Richard Kilner

Story link: Allianz appoints casualty and motor manager

Allianz Insurance has announced the appointment of Sarah Mallaby as casualty and motor manager within the Claims division. She succeeds Martin Saunders, who took over from retiring divisional claims manager (Technical) Roy Hebburn. Mallaby is to be tasked with the direction of motor and casualty claims handling and responsibility for major loss claims handling, litigation […]



February 28, 2012

Allianz reports rising profits in 2011

by Richard Kilner

Story link: Allianz reports rising profits in 2011

Allianz has reported its financial results for 2011, including IFRS pre-tax operating profits of £168.7m, up by 6.4% compared to £158.5m last year. Gross written premiums rose by 10.1% from £1,633.7m to £1832.2m, and the Retail Division reported top line 22.1% growth. Retail gross written premiums rose, year-on-year, from £701.1m to £856m, and the Commercial […]



February 15, 2012

Allianz issues €1.5bn senior bond

by Gill Montia

Story link: Allianz issues €1.5bn senior bond

Allianz has completed a €1.5 billion fundraising with the issue of a senior bond. Listed on the Luxembourg Stock Exchange, the senior bond has a maturity of ten years and a fixed coupon of 3.5%. Guaranteed by Allianz SE, it was issued yesterday by the group’s Dutch financing subsidiary, Allianz Finance II B.V, and sold […]