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Allianz

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New Allianz head of global liability has Canadian roots

October 10, 2018 by Greg Meckbach

Ciara 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

News InsuranceLegal

Three product ingredients that could cause large claims

September 13, 2018 by Greg Meckbach

If 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

News Climate ChangeInsurance

New risks arising from Canadian arctic shipping

July 17, 2018 by Greg Meckbach

As 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

News Earnings / RatingsInsuranceMarkets / Coverages

Allianz reports third-quarter revenues up 2.1% to 28.3 billion euros in Q3 2017

November 10, 2017 by Canadian Underwriter

Allianz 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

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Allianz Group’s Q2 2017 operating profit up 23% due to “improvements in all segments”

July 28, 2017 by Canadian Underwriter

Allianz 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

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Allianz total revenues up 2.5% to 36.2 billion euros in Q1 2017

May 12, 2017 by Canadian Underwriter

Allianz Group has recorded total revenues of 36.2 billion euros in the first quarter of 2017, up 2.5% from 35.4 billion euros in the same quarter last year. All segments contributed to the increase, Allianz said in a press release

Christof Bentele, Head of Global Crisis Management, Allianz Global Corporate & Specialty
News InsuranceMergers and Aqcuisitions

Terrorist attack on extraction companies likely low, cyber risk increase as refining process advances

April 28, 2017 Angela Stelmakowich, Editor

PHILADELPHIA – Resources extraction industries are certainly not alone in facing cyber risk, but the risk of a related terrorism attack would most likely be higher later in the refining process, suggested Christof Bentele, head of global crisis management for

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

Allianz makes strategic investment in Lemonade Insurance Company

April 22, 2017 by Canadian Underwriter

Allianz SE announced on Friday that it has recently made a “strategic investment” in Lemonade Insurance Company, a New York-licensed renters and homeowners insurer powered by artificial intelligence and behavioural economics. “The partnership ties in neatly with our digitization focus,”

News AssociationsInsuranceMergers and AqcuisitionsReinsuranceTechnology

ATB Financial joins R3 distributed ledger consortium

March 10, 2017 by Canadian Underwriter

ATB Financial announced Thursday that the Alberta-based financial services provider has joined the consortium of financial innovation firm R3 to design and apply distributed and shared ledger-inspired technologies to global financial markets. The company will be collaborating with more than

News InsuranceMarkets / CoveragesProfessional DevelopmentReinsuranceTechnology

Hannover Re, Generali Group and SCOR join blockchain insurance industry initiative B3i

February 6, 2017 by Canadian Underwriter

Hannover Re, Generali Group and SCOR announced on Monday that they have joined the blockchain insurance industry initiative B3i, bringing the total number of insurers and reinsurers in the initiative to 15. Members of the B3i initiative will explore the

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Blockchain technology a source of both disruption and opportunity for insurers: Novarica

November 21, 2016 by Canadian Underwriter

Blockchain technology will be a source of both disruption and opportunity for insurers, according to a new report from Boston-based research and advisory firm Novarica. In its latest executive brief, released on Monday, Novarica predicted that the technology would have

News InsuranceMarkets / CoveragesTechnology

More than half of polled P&C insurers aware of implications and potential of blockchain: Strategy Meets Action

November 11, 2016 by Canadian Underwriter

More than half of P&C insurers surveyed by insurance strategic advisory firm Strategy Meets Action (SMA) are at least aware of the implications and potential of blockchain in the industry, a new report from the company has found. In particular,