Allianz

A turnaround in the fortunes of AGCS saw the combined ratio at the business unit drop by 18 points to 97.5%.

Snabe stepped down following concerns he sat on the boards of too many organisations including Siemens, AP Moller-Maersk and the World Economic Forum.

Another pandemic outbreak came in fourth place, with 22% of respondents saying they were worried about further health and workforce issues and movement restrictions in 2022.

Shanil Williams joined Allianz in 2016 and has worked in a variety of senior roles across its financial lines business.

Insolvencies are a key source of claims but have been prevented by government support measures during the pandemic.

For the carrier’s P&C business, the company said it would focus on annual revenue growth of 3%-4% between 2022 and 2024.

European regulation on dividends is a “disaster” for the insurance industry and “shouldn’t repeat itself”, according to Allianz CEO Oliver Bäte, speaking during the S&P Global Ratings European insurance conference.

Allianz Global Corporate & Specialty (AGCS) hull underwriter Matthew Wells has resigned to join Axa XL, Insurance Insider can reveal.

Allianz Global Corporate & Specialty (AGCS) has reshuffled its market-facing leadership team with the announcement of a series of regional and global executive appointments.

The remediation work at Allianz Global Corporate & Specialty (AGCS) has been “accomplished”, and the business unit is now targeting profitable growth, according to Allianz CFO Giulio Terzariol.

Anusha Thavarajah has been appointed regional CEO of Allianz Asia-Pacific (APAC), effective 1 December, while Philipp Kroetz has been appointed CEO of Allianz Direct, effective 1 January, subject to regulatory approval.

The insurer pegged its updated gross claims figure higher than the Elbe flood of 2002.