The flash flood caused by low-pressure weather system Bernd devastated parts of Germany, Belgium and the Netherlands. Three months after the disaster, the infrastructure in the flooded areas remains in shambles and people are struggling to cope with the aftermath. Unfortunately, this flood is just one in a series of natural disasters this year, highlighting the need to actively address climate change and find new ways to protect citizens.
Allianz was named the world’s ‘Best Insurance Brand’ again in Interbrand’s Best Global Brands ranking 2021, climbing five ranks to #34 of top 100 global brands. This represents the largest brand value increase since Allianz entered the 100 Best Global Brands ranking.
This AGCS report highlights cyber risk trends driving the surge in ransomware incidents, such as double and triple extortion and supply chain attacks. Business interruption and recovery are the main causes of financial loss for companies. Many attacks could be prevented if companies strengthen their cyber security and controls – often with simple measures.
In this editorial for allianz.com, Allianz board member Günther Thallinger calls on sovereign wealth funds (SWFs) to use their significant financial influence to effect climate policy. He writes that it makes ethical and financial sense for SWFs to go green, as the world can no longer afford for them to sit on the sidelines as the world tackles climate change.
As a leading active asset manager, Allianz Global Investors is committed to tackle the challenges of climate change. Recognizing the role investors play as a catalyst to finance the transition towards a low carbon economy, AllianzGI announces it is joining the One Planet Asset Managers (OPAM) initiative.
The transaction, which is worth about 330 million euros, was announced in March 2021. It involved a portfolio equally distributed between motor and non-motor business segments with gross written premiums of about 400 million euros.
Sirma Boshnakova appointed as Member of the Board of Management effective January 1, 2022 pending regulatory approval. Board mandates of Renate Wagner and Klaus-Peter Röhler to be extended and formally approved in February 2022. As previously announced, Andreas Wimmer appointed Member of the Board of Management effective October 1, 2021.
Andreas Wimmer, currently the chief executive officer of Allianz Lebensversicherungs-AG (“Allianz Leben”), has been appointed as Member of the Board of Management to succeed Jacqueline Hunt as head of the asset management division and Allianz Life in the U.S.
