Allianz Global Corporate & Specialty
A.M. Best re-confirms AGCS Rating
A.M. Best, the worldwide insurance rating agency, announced on 21st October that it has reconfirmed its financial strength ratings of A+ (Superior) of Allianz Global Corporate & Specialty.
Oct 21, 2009
Karsten Crede to join Allianz Global Corporate & Specialty board
Karsten Crede (aged 41) will be joining the Allianz Global Corporate & Specialty (AGCS) management board*. Previously the director of Volkswagen Insurance Services, Crede will be heading up a new automotives division for AGCS which will focus on developing insurance schemes for global automobile manufacturers.
Oct 16, 2009
Allianz piracy study highlights how ship-owners can respond to increased risk.
Allianz Global Corporate & Specialty (AGCS), a leading insurer of ships and cargo, has released a study suggesting its clients adapt their approach to marine insurance as the threat of piracy off the Horn of Africa continues to grow.  In addition, the study points out that crews entering dangerous waters must be prepared to handle an attack, and it calls for a more coordinated solution to the current wave of piracy.
Jun 22, 2009
New Board and Senior Management Appointments at Allianz Global Corporate & Specialty AG.
Allianz Global Corporate & Specialty AG has announced today that Chris Fischer Hirs will take on the role of Chief Financial Officer (CFO), and that Doug Pennycuick, currently heading the company’s UK branch in London, will be joining the AGCS AG Board to fill Mr. Fischer’s current role of Chief Regions and Markets Officer, as from July 1st 2009.
Jun 2, 2009
New global marine unit opens for business at Allianz Global Corporate & Specialty.
Allianz Global Corporate & Specialty’s new global marine unit opened for business on January 12th 2009, under the leadership of Art Moossmann in New York and with dedicated marine teams in 14 major service centres worldwide.
Jan 14, 2009
Thierry van Santen appointed as CEO of Allianz Global Corporate & Specialty France.
Thierry van Santen, previously Head of Risk Management at Danone,has been appointed as the new CEO of Allianz Global Corporate &Specialty (AGCS) in France.
Dec 18, 2008
Allianz makes key Aviation hire from AIG
Allianz Aviation Managers, Allianz’s specialist Aviation team in the United States, has today hired Will Lovett, previously President, AIG Aviation, North America.
Oct 17, 2008
A.M. Best upgrades Allianz Global Corporate & Specialty Rating
A.M. Best, the worldwide insurance ratingagency, announced on September 12th that it has upgraded its financial strength ratings on Allianz Global Corporate & Specialty to A+(Superior).
Sep 12, 2008
Allianz creates leading marine insurance provider
Munich and Novato, CA, August 12, 2008 – A stronger fleet is setting sail. Allianz Global Corporate & Specialty (AGCS), the industrial insurance arm of the Allianz Group, and Fireman's Fund Insurance Company (FFIC), an Allianz general insurance unit in the United States, are combining their marine insurance businesses, confirming Allianz as one of the largest marine insurer in the world.
Aug 12, 2008
First Allianz cat bond for Southeastern US hurricanes
Munich July 28, 2008 - Allianz Risk Transfer has closed an innovative catastrophe bond (cat bond) to transfer the risk of hurricanes in the southeastern United States.
Jul 28, 2008
Allianz Global Corporate & Specialty in Canada began servicing the marine market
Toronto, March 10, 2008 – Allianz Global Corporate & Specialty in Canada began servicing the marine market in March 2008 out of its Toronto office. It will begin by focusing on cross-selling Cargo insurance solutions to existing Canadian corporate clients. Further areas under consideration are Canadian Yacht and Marine Liability.
Mar 10, 2008
Allianz Global Corporate & Specialty opens Scandinavia Branch office
Copenhagen, September 3, 2007 – Allianz Global Corporate & Specialty, the corporate insurance arm of the Allianz Group, began offering local service for clients and brokers in the Nordic region on September 1. The carrier’s Scandinavia Branch will operate out of Copenhagen and service Denmark, Sweden, Norway, Finland and the Baltic states.
Sep 3, 2007
Allianz Global Corporate & Specialty wins Reactions "European Insurer of the Year" award
Munich, August 31, 2007 - Allianz Global Corporate & Specialty has won the award "European Insurer of the Year" at magazine Reactions Global Awards ceremony, chosen ahead of major competitors such as AIG, Arch, Axa and Zurich.
Aug 31, 2007
S&P "AA (stable)" upgrade for Allianz Global Corporate & Specialty
Munich, July 12, 2007 – Standard & Poor's has announced that it is raising its long-term counterparty credit and insurer financial strength rating for Allianz SE to "AA (stable)". The rating confirms Allianz's position among the strongest worldwide players in the insurance industry and applies not only to Allianz SE but also its core operating entities, which includes Allianz Global Corporate & Specialty, the Group's newly founded corporate insurance arm.
Jul 12, 2007
Allianz Global Corporate & Specialty issues the first cat bond ever to cover floods
Allianz Global Corporate & Specialty has successfully closed an innovative catastrophe bond (“cat bond”) to transfer the risk of severe river floods in Great Britain and earthquakes in Canada and the US excluding California in an amount of $150 million.
Apr 10, 2007