Allianz Fire & Marine Insurance Japan Ltd. (AGCS Japan) organized a celebration on the occasion on 20 years Allianz in Japan at the German ambassador’s residence in Tokyo on November 30th 2010.
More than 150 clients, brokers and partners from Japan attended the 20th anniversary reception. It took place in the framework of the 150 years German-Japanese diplomatic relations celebrations in Japan and gave guests the opportunity to become more familiar with the AGCS leadership as well as the strategy looking ahead.
Left to right: AGCS CEO Axel Theis, AGCS Japan Country Manager Michael Maicher and the German ambassador toast to 20 years of Allianz in Japan. Click to enlarge.
Allianz established its presence in Japan more than 20 years ago in 1990. It was the first European insurer to obtain a comprehensive non-life insurance business license in Japan. At the beginning of 2010 Allianz Global Corporate & Specialty, the center of excellence for global corporate insurance solutions in Allianz Group, assumed management control of AGCS Japan.
Axel Theis, CEO of Allianz Global Corporate & Specialty, looked back at the last 20 years of Allianz corporate insurance in Japan but also explained why he thought of Japan as a promising market to go into and what his plans are for the future. AGCS can create differentiated value for corporate clients by offering expertise in specialized fields such as engineering – i.e. large international infrastructure- and mining projects –, local and global solutions in property, liability, financial lines, energy and marine insurance. The total amount of capital of AGCS Japan has reached 5.9 billion yen in March 2010.
In 2010 Allianz Global Corporate & Specialty integrated Allianz Fire and Marine Insurance Japan Ltd into its global framework. Michael Maicher, President and Country Manager of AGCS Japan, explained that following this integration, the company is now able to offer the financial strength of AGCS as a whole and has already achieved an AA rating from Standard & Poor’s which constitutes the highest rating of an insurer in Japan, major capacity, a global network and the ability to write international programs.
The German embassy in Japan. Click to enlarge.
To welcome all clients, brokers and business partners there was a classic piano performance. The German ambassador to Japan then gave a speech, followed by Axel Theis and Michael Maicher, and the guests had the opportunity to network and get further information on the AGCS strategy going forward.