Allianz
-
Allianz Global Corporate & Specialty (AGCS) has launched a new cyber insurance product, supported by recent new appointments to its UK cyber team.
-
Former Zurich underwriter Michela Moro and CFC’s Lewis Bennett join the team.
-
Allianz, Chubb and WRB are among the carriers that oppose the centralisation of BI claims.
-
Jonathan Milford-Cottam replaces Tom Fadden, who remains global aviation head.
-
Thomas Kang joins Allianz from Willis Towers Watson.
-
The business unit was established in 2018 to monitor the company’s group-wide cyber exposure.
-
Analyst Michael Huttner predicts that rising rates could allow Zurich to recover pandemic losses in just a year. -
Analyst Michael Huttner forecasts lower pandemic-related losses for the Axa unit than for Allianz.
-
Giulio Terzariol said underwriting losses from the virus would mean P&C operating profit would come in up to 20 percent below target this year.
-
AGCS swings to a EUR141mn loss, while the pandemic impact across the whole P&C unit totals EUR400mn.
-
The Judicial Panel on Multidistrict Litigation will determine whether federal BI lawsuits should be consolidated.
-
The company wants to remove coal-based companies from its investment and insurance portfolios by 2040.
