Keyword
Allianz
What makes wildfire modelling so difficult
August 9, 2019 by Greg MeckbachPredicting 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,…
Not doing this simple thing can cause a whole building to burn down
August 2, 2019 by Greg MeckbachWhile cleaning roof gutters is often touted as a flood risk mitigation measure, it can also address wildfire risk. Commercial clients in areas at risk of wildfire need to remove all tree droppings from roofs – and that includes the…
New chief agent in Canada for Allianz Global Corporate & Specialty
July 16, 2019 by Greg MeckbachLinda Regner Dykeman is the new chief agent in Canada for German commercial insurer Allianz Global Corporate & Specialty SE. She replaces Ulrich Kadow, who is now global head of marine for Munich-based AGCS, which has offices in Toronto, Montreal…
Why CBI insurance is on the rise in Canada
January 16, 2019 by Jason ContantContingent business interruption (CBI) insurance is on the rise in Canada, with an increase in both demand and higher limits, says the CEO and chief agent for Allianz Global Corporate & Specialty (AGCS) Canada. “This is one of the most…
How costly is the fire peril for Canadian insurers?
December 13, 2018 by Jason ContantThe traditional fire peril continues to cost Canadian insurers, with fire/explosion accounting for almost a quarter (23%) of commercial claims by value, Allianz Global Corporate & Specialty (AGCS) said in its new Global Claims Review report, released Thursday. AGCS analyzed…
Why clients need advice on ‘litigation hot spots’
October 21, 2018 by Greg MeckbachCommercial brokers advising Canadian clients with operations in foreign countries need to understand consumer protection and pollution laws in those countries. “It’s up to a broker to make sure that he or she is well versed in what those countries’…
New Allianz head of global liability has Canadian roots
October 10, 2018 by Greg MeckbachCiara Brady, who previously worked in Toronto for both Swiss Re and Chubb, becomes head of global liability for Allianz Global Corporate and Specialty effective Jan. 1, AGCS announced Tuesday. Brady will work out of Zurich and succeed Michael Hohmann…
Three product ingredients that could cause large claims
September 13, 2018 by Greg MeckbachIf your client makes or supplies beauty care products, they could face bodily injury lawsuits if certain chemicals are present. The “toxic trio” – dibutyl phthalate (DBP), toluene and formaldehyde – are contained in some nail varnishes, body lotions, fragrances…
New risks arising from Canadian arctic shipping
July 17, 2018 by Greg MeckbachAs shrinking arctic ice opens up of new shipping routes through Canada’s Arctic Archipelago, this presents challenges for risk managers and insurers, Allianz Global Corporate and Specialty suggests in a report scheduled for release Wednesday. “Arctic ice has been thinning and…
The evolving nature of business interruption
July 6, 2018 Aleksandra ZivanovicIn the face of climate change, cyber risks, and mass terror plots affecting entire regions and sometimes economic sectors, business interruption coverage is a challenging coverage to both write and adjust. This challenge is multi-faceted and directly impacted by global…
Allianz reports third-quarter revenues up 2.1% to 28.3 billion euros in Q3 2017
November 10, 2017 by Canadian UnderwriterAllianz Group has reported total third-quarter revenues of 28.3 billion euros, up 2.1% from 27.7 billion euros in the prior-year quarter. Allianz, which offers insurance and fund products to over 86 million customers in more than 70 countries, reported a…
Allianz Group’s Q2 2017 operating profit up 23% due to “improvements in all segments”
July 28, 2017 by Canadian UnderwriterAllianz Group has reported a 23% increase in operating profit for the second quarter of 2017 ending June 30 from 2.4 billion euros in Q2 2016 to 2.9 billion euros in the most recent quarter. Total revenues rose 2% to…