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Allianz

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News AnnouncementsCommercial LinesInsuranceMarkets / Coverages

Allianz Commercial: Insurer launches new regional set-up

July 25, 2023 by Jason Contant

Allianz Global Corporate & Specialty (AGCS) has joined forces with the commercial insurance businesses of local Allianz P&C entities, trading under the name Allianz Commercial.  The new structure will consist of 11 new regions, bringing together the current six regional

Giant waves break near the lighthouse at Peggy's Cove, Nova Scotia.
News CatastrophesClimate ChangeInsuranceMarkets / CoveragesRisk

Could hurricanes in Canada worsen?

June 1, 2022 by Alyssa DiSabatino

The trend of above-average hurricane seasons is expected to continue this year and Canadian insurers should heed this warning by preparing Atlantic businesses for more severe hurricanes, according to Allianz Global Corporate & Specialty’s Atlantic Hurricane Season Outlook 2022.  “Although Canada

Close-up aerial photo of an oil refinery in the Alberta Oilsands, near Fort McMurray.
News Insurance

Insurers holding difficult conversations with carbon-producing clients as ESG awareness grows

January 27, 2022 by Alyssa DiSabatino

With environmental, social and governance (ESG) awareness on the rise, insurance companies are starting to hold difficult conversations with their long-standing carbon-producing partners, said three P&C insurance company executives during a Canadian Underwriter webinar on Jan. 25.  In compliance with the

Hand holding magnifying glass against the only red wooden block among black wooden blocks.
News Insurance

How the pandemic has affected industry recruitment and mentorship

January 25, 2022 by Alyssa DiSabatino

The war for talent has been an ongoing struggle for the P&C industry. Mix that with the influx of workers leaving their jobs during the COVID-19 pandemic, and the search for talent has become that much more difficult.   As a result, companies

Hand holding chooses wooden block cubes with risk word. Risk management concept.
News Insurance

Canada’s 3 top business risks

January 19, 2022 by Alyssa DiSabatino

Business interruption, cyber incidents, and climate change have been dubbed the Top 3 risks facing Canadian businesses this year, according to a new report.   Although these were Canada’s Top 3 risks, Allianz Global Corporate & Specialty (AGCS)’s Risk Barometer

News AnnouncementsAppointmentsInsurance

Former Aviva Canada leader to head up Allianz Holdings plc

May 26, 2021 by David Gambrill

Allianz Holdings plc has named Colm Holmes, currently CEO of Aviva General Insurance in the United Kingdom, as its new CEO, effective at the end of November 2021. Holmes will be a familiar name to anyone who had dealings with

News ClaimsClaims CanadaCommercial LinesInsuranceRisk

Why the D&O market will probably get harder

December 15, 2020 by Greg Meckbach

Data breaches and the impact of COVID-19 on a company’s financial performance are among the “megatrends” affecting directors’ and officers’ liability claims, Allianz Global Corporate & Specialty warned in a report released Dec. 15. “Outside the U.S., securities class actions

News Insurance

Allianz Global Corporate & Specialty names new chief agent for Canada

August 25, 2020 by Jason Contant

Allianz Global Corporate & Specialty (AGCS) announced Tuesday it has appointed Bernard McNulty as chief agent for Canada, effective immediately. In addition to taking on the chief agent role, McNulty will remain in his current position as head of claims

News Insurance

How pandemic is making a common marine risk problem worse

July 16, 2020 by Greg Meckbach

The pandemic is making it difficult for shipping companies to get spare parts and technical professionals aboard to perform essential maintenance and repair, a new report from Allianz Global Corporate & Specialty suggests. For the insurance industry, the most common

News AdjustersClaims CanadaCommercial LinesRisk

How COVID-19 impacts maritime risk

June 9, 2020 by Greg Meckbach

Restrictions imposed on international travel to limit the spread of COVID-19 may be a concern for merchant shipping because crews could be overdue for a rest, Allianz Global Commercial Specialty suggests in a recent paper. “Due to closed international borders

News InsuranceMarkets / Coverages

Why business interruption worries Canadians more than cyber

January 14, 2020 by Adam Malik

Business interruption outranked cyber incidents as top concerns for Canadian businesses, brokers and trade organizations, according to a new report from Allianz Global Corporate & Specialty. Globally, however, it’s the other way around. When the annual Allianz Risk Barometer, which

News Insurance

What makes wildfire modelling so difficult

August 9, 2019 by Greg Meckbach

Predicting losses from wildfire is more difficult than for other natural hazards like wind and earthquake, a risk control expert for one insurer suggests. Catastrophe models that predict losses come from research on how wind and ground motion affects buildings,