Allianz
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The Wall Street Journal reported that top asset management executive Jaqueline Hunt was in talks to leave the business.
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The policy covers topics from name changes to dress codes and has the support of the charity Stonewall.
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An investigation by Germany’s financial watchdog BaFin is looking across multiple departments of Allianz’s business, according to Reuters.
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Berenberg believes EUR3.5bn would be a manageable loss for the insurer and estimates that it would be earned back in well under a year, but a EUR6.8bn loss would be more challenging.
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Insurers have now shelled out just over £968mn to BI policyholders in interim and final settlements.
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The carrier returned to profit in Q2, with premium income down as a result of portfolio remediation.
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Hannover Re has estimated that the floods could end up costing the industry as much as EUR7.5bn.
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AGCS posted profits of EUR98mn after making a loss in Q2 2020 when it suffered heavy Covid-19 claims.
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The insurer said that the benefits of scale from large vessels may soon be outweighed by the risks of disruption they pose.
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The carrier said its board had concluded the probe could “materially impact future financial results”.
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The carrier is expecting 30,000 property claims, as well as 5,000 vehicle claims.
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The new division is structured into three business units: a chief underwriting office led by Rasmus Nygård, business transformation led by Jörg Hipp and global MidCorp, headed up by Ole Ohlmeyer.
