Tag: Allianz

Regulatory / Legal

Reinstatement of COVID BI case has potential to set a ‘worrying precedent’

July 19, 2022

Via: Reinsurance News

The recent ruling by a California court of appeal to reverse a lower court’s dismissal and reinstate a COVID-19 related business interruption (BI) lawsuit filed against a division of global insurer Allianz, has the potential to set a “worrying precedent”, […]

Geo-Political, Risk Management, Trends

Multiple Marine Insurance Claims Expected From War in Ukraine: Allianz

May 10, 2022

Via: Insurance Journal

Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday. Two seafarers […]

Financial, Risk Management

Allianz grows aggregate reinsurance and lifts catastrophe budget for 2022

February 21, 2022

Via: Reinsurance News

Global insurance carrier Allianz has expanded its aggregate reinsurance protection for 2022 and also raised its catastrophe budget for the year, after the company experienced a particularly high burden from nat cat losses in 2021. Allianz’s recently published full year […]

Financial, Risk Management

Allianz completes $35bn reinsurance agreement with Resolution Life

January 7, 2022

Via: Reinsurance News

Allianz Life has completed its previously announced reinsurance agreement with affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, and Resolution Life, for a $35-billion fixed index annuity portfolio. The transaction which was announced last month, unlocks $4.1 billion […]