Press release
The Covid-19 crisis will trigger a major acceleration in business insolvencies due to both the suddenness and historic size of the economic shock and its expected lasting effects, according to an Euler Hermes study. At a global level, Euler Hermes’ insolvency index is expected to hit a record high of +35 percent.
Large shipping losses are at a record low, having fallen by over 20 percent year-on-year, according to Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2020. However, the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond.

 

The results for the 2nd quarter of 2020 were released on August 5.

Sustainability is an integral part of our business and value system. 

Latest News

Jul 10, 2020

Allianz has closed the acquisition of the automobile and other Property & Casualty business from SulAmérica. This follows the announcement of the deal on August 23, 2019. The transaction enlarges the service offering for customers and grows Allianz’s geographical footprint in Brazil. 

Jul 07, 2020

AllianzGI, a leading global active asset manager, and Virtus Investment Partners Inc., which operates a multi-boutique asset management business, have agreed to a strategic partnership that will focus on enhancing both firms’ growth opportunities with Virtus representing AllianzGI’s compelling investment strategies in the U.S. retail market to existing and potentially new clients.

Jul 01, 2020

Under its new leadership, Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, announces a comprehensive transformation program, “New AGCS”, to regain profitability and market leadership in the corporate and specialty insurance segment. 
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