Allianz
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Allianz’s P&C unit booked natural catastrophe claims of EUR646mn over Q3. -
Palestine Action alleges Allianz is involved in insuring the Israeli arms trade.
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Construction rates remain stable with some talk of potential softening.
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Mark Hartigan will move to chair following a spell as interim CEO.
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The former Aspen executive has resigned from AIG and will fill the vacant CEO role at the large corporate unit of the German carrier.
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The firm will split its global combined cat program into two layers.
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QBE has “effectively stopped writing new business” in response to its New Caledonia loss.
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The executive has spent fewer than 12 months in post.
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Plus the latest people moves and all the top news of the week.
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Allianz’s group profits were up on stronger investment results.
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Crashes and collisions accounted for 63% of aviation insurance claims between 2019 and 2024.
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Both parties expect to close the transaction on 1 August 2024.
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