Allianz Aviation Managers, Allianz’s specialist Aviation team in the United States, has today hired Will Lovett, previously President, AIG Aviation, North America.

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).

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 the largest marine insurer in the world.

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.

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.

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.

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.

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.

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.