Company: Allianz Page 3 / 5
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- July 30 2024
Allianz among bidders for RACQ insurance unit: report
The Australian business is looking to exit the motor insurance business in a sale process run by Bank of America.
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- July 29 2024
Allianz hires Athena Fan from Axis Capital as head of liability for South-East Asia
Fan has relocated from Toronto to Singapore to assume her new role and will report to Ciarán O'Shaughnessy, regional head of liability for Asia Pacific.
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- July 26 2024
Income parent assures of commitment to Singaporeans amid backlash over Allianz deal
Chairman of NTUC Enterprise, the largest shareholder, said that the US$1.6bn Allianz' offer will not alter its "social commitments", and that it will continue to be an active shareholder.
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- July 25 2024
Allianz Commercial taps AIG’s Karlis Trops to head Asia cyber and tech PI
Trops has over 14 years of industry experience specialising in cyber and technology errors and omissions (E&O) insurance underwriting and risk assessments.
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- July 23 2024
Allianz’s acquisition of Income is unlikely to change Singapore’s market landscape: Fitch
The proposed acquisition is expected to strengthen Allianz’s presence in Asia and to elevate it from the ninth to the fourth-largest composite carrier by insurance revenue in the region.
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- July 22 2024
Income Insurance acquisition highlights Allianz’s increasing focus on South-East Asia: S&P
Allianz Insurance Singapore, rated "A+" with a "stable" outlook, remains a strategically important subsidiary of the group, as the rating reflects the extent of support the rating agency expects from the group.
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- July 19 2024
Income to benefit from Allianz’s global expertise and potential synergies: Fitch
The proposed acquisition is fully in-line with Allianz’s strategic objectives to grow inorganically in property and casualty, the rating agency said.
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- July 17 2024
Allianz makes US$1.6bn offer for 51% of Singapore’s Income Insurance
The offer is subject to the approval of the shareholders of Income Insurance for the amendments to the constitution and the proposed name change.
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- July 11 2024
Allianz Commercial names Young Jeong Lee as head of financial lines, Korea
Lee joined from Samsung Fire & Marine, where he worked 12 years as a senior professional in its finance and energy department and global strategy department.
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- July 3 2024
S&P affirms “stable” outlook on Allianz Fire and Marine Insurance Japan
Ratings are based on the likely support the Japanese insurer would get from the parent company during times of financial stress.
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- June 25 2024
Allianz Australia names Jamie Craig as head of dealer underwriting team
Prior to the appointment, Craig was with Zurich Financial Services Australia for over nine years focusing on motor fleet underwriting.
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- June 17 2024
Allianz Korea elevates Jin Kim to head of natural resources and construction
Seoul-based Kim has been at the German insurance group for five years as a senior property underwriter.
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- June 17 2024
Singapore’s Income Insurance confirms buyout talks with Allianz
An application for the partnership has been filed with the Monetary Authority of Singapore, reports say.
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- June 6 2024
Allianz Australia elevates Kim Nguyen to national relationship manager, distribution
Previously an Allianz Commercial key account manager, Nguyen has been with Allianz Australia for eight years.
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- June 4 2024
Update: Dual to take over Allianz Australia financial lines portfolio
The transition will be effective October 1 and Allianz Australia will remain the 100% capacity provider to this portfolio, according to the MGA's ANZ chief executive Damien Coates.
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- May 31 2024
Allianz Commercial appoints Barbara Williams to Asia managing director for finance
Williams, who was most recently director of finance for the insurer's Canada branch, will relocate to Singapore and will be responsible for managing core financial functions across Asia.
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- May 24 2024
South-East Asia accounts for a third of global ship losses in 2023: Allianz Commercial
South China, Indochina, Indonesia and the Philippines, is the main ship loss hotspot globally last year.
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- May 3 2024
Allianz Australia-owned Club Marine names new CEO
The boat insurance specialist will be led Tim Wiles, who has been serving as the interim chief executive from November last year.
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- April 19 2024
Allianz Commercial’s Sandric targets double-digit growth in Asia but cautions on market softening
The carrier aims to be a leader in the region's competitive commercial risks space and expand its alternative risk transfer solutions and multinational program offerings, the Asia chief executive told InsuranceAsia News.
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- April 11 2024
Super election year fuels demand for political violence cover among MNCs: Allianz Commercial
With half of the world's population going to polls this year, security in many territories is undermined by threats of local unrest and electoral outcomes on foreign policy, trade relations and supply chains.
