Keyword
Allianz
Terrorist attack on extraction companies likely low, cyber risk increase as refining process advances
April 28, 2017 Angela Stelmakowich, EditorPHILADELPHIA – 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…
Allianz makes strategic investment in Lemonade Insurance Company
April 22, 2017 by Canadian UnderwriterAllianz 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,”…
ATB Financial joins R3 distributed ledger consortium
March 10, 2017 by Canadian UnderwriterATB 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…
Hannover Re, Generali Group and SCOR join blockchain insurance industry initiative B3i
February 6, 2017 by Canadian UnderwriterHannover 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…
Blockchain technology a source of both disruption and opportunity for insurers: Novarica
November 21, 2016 by Canadian UnderwriterBlockchain 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…
More than half of polled P&C insurers aware of implications and potential of blockchain: Strategy Meets Action
November 11, 2016 by Canadian UnderwriterMore 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,…
Aegon, Allianz, Munich Re, Swiss Re and Zurich launch blockchain initiative B3i
October 19, 2016 by Canadian UnderwriterFive 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…
Nat cat losses for Allianz Group almost twice 10-year average for Q2
August 8, 2016 by Canadian UnderwriterAllianz 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…
Allianz Global Corporate & Specialty announces new specialty chief underwriting officer
July 7, 2016 by Canadian UnderwriterAllianz 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…
Moves and Views
April 1, 2016 by Canadian Underwriter1 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…