The latest news from the Allianz Group as well as images for use by the media
Jul 01, 2020
Allianz Global Corporate & Specialty SE embarks on global transformation program
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.
Allianz and Lime jointly address safety needs in micromobility industry
Lime, the global leader in shared smart mobility solutions, and Allianz Partners have entered into a global strategic partnership focused on improving the safety of micromobility. Together, they have launched a comprehensive insurance program that automatically provides Lime riders with Personal Accident Insurance and Liability Insurance, at no extra cost.
Catharina Richter to lead Allianz Cyber Center of Competence
Effective June 1, 2020, Dr Catharina Richter will be appointed Global Head of Cyber Center of Competence for Allianz Group. The Cyber Center of Competence (CoC) coordinates and steers cyber risk underwriting and governance across Allianz Group and is embedded into Allianz Global Corporate & Specialty (AGCS), the corporate insurance specialist of Allianz Group.
At its December meeting the European Central Bank (ECB) announced that it would be extending its bond purchasing program until at least the end of 2017. From April next year the monthly purchase volume is to be reduced to EUR 60bn from EUR 80bn at present. All told, this boosts the QE program by EUR 540bn to EUR 2.28 trillion. Should inflation remain below expectations in the coming months, the ECB has kept its options open to up the monthly purchase volume as well as extend the time horizon.
Claus Stickler and Andreas Gruber will co-lead AIM as Managing Directors. The new management set-up for AIM is to integrate even more tightly all functions and international locations, to strengthen project work and global teams
Allianz has successfully concluded the sale of Allianz Life Insurance Korea to Anbang Group Holdings. The transaction, announced in April, followed an extensive review by Allianz to secure long-term growth for Allianz Life Insurance Korea
Allianz is co-financing a pan-European property portfolio facility that was arranged and underwritten by Aareal Bank AG. Allianz’s share in this financing, which totals €610 million, amounts to €366 million and is granted for a 10-year term
Allianz will be the new insurance partner of HypoVereinsbank (UniCredit Bank AG) from January 1, 2018. From 2018, retail and corporate customers of HypoVereinsbank will be able to benefit from the broad range of products and services from Allianz
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