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Allianz


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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,

News InsuranceMarkets / CoveragesReinsuranceTechnology

Aegon, Allianz, Munich Re, Swiss Re and Zurich launch blockchain initiative B3i

October 19, 2016 by Canadian Underwriter

Five insurers and reinsurers – Aegon, Allianz, Munich Re, Swiss Re and Zurich – have launched the blockchain insurance industry initiative B3i, aimed at exploring the potential of distributed ledger technologies to better serve clients through faster, more convenient and

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Nat cat losses for Allianz Group almost twice 10-year average for Q2

August 8, 2016 by Canadian Underwriter

Allianz Group reported Friday a 2.9-point deterioration in its property & casualty combined ratio, as natural catastrophe losses were “almost twice” its 10-year average for the second quarter. Munich-based Allianz reported its p&c operations had a combined ratio 96.4% during

News InsuranceMergers and Aqcuisitions

Allianz Global Corporate & Specialty announces new specialty chief underwriting officer

July 7, 2016 by Canadian Underwriter

Allianz Global Corporate & Specialty SE plans to have Paul O’Neill replace Bill Scaldaferri as chief underwriting officer, specialty. Scaldaferri – appointed chief executive officer for North America for Munich-based AGCS effective July 1 – continued having responsibility for the

Feature AssociationsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Moves and Views

April 1, 2016 by Canadian Underwriter

1 Ryan Michel [1] took on duties as president and chief executive officer of Allstate Insurance Company of Canada and its subsidiary companies January 11. Michel succeeds John O’Donnell, now senior vice president with Allstate Insurance Corporation in the United