Euler Hermes, the world’s leading trade credit insurer, has launched Surety – including performance and payment bonds – in its Americas region (the United States, Canada and Brazil). With nearly 100 years of global surety and bonding history, Euler Hermes is one of the world’s most experienced surety providers.
Euler Hermes, the world’s leading trade credit insurer, announces two senior executive appointments in its Asia Pacific region. Clemens Philippi is appointed chief executive officer of Euler Hermes ASEAN, with responsibility for the company’s activities in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Benoit Ganzmann has been appointed chief executive officer of Euler Hermes China, based in Shanghai.
Euler Hermes, the world’s leading trade credit insurer, has issued an assessment of the progress the world has made a decade on from the onset of the Global Financial Crisis (GFC). “After one of the most tumultuous decades in both living memory and by any historical measure, we are seeing overall global stability and economic recovery finally beginning to gather steam,” said Ludovic Subran, chief economist at Euler Hermes.
Climate disruptions are increasing, impacting many industries. Among the hardest hit could be agribusiness, especially wineries, which depend on stable soils and climatological consistency. How can insurers help worried vintners and oenophiles?
Thomas Naumann, the Chief Strategist of Allianz, discussed success-critical decisions in the digital age with the editors of Versicherungswirtschaft, a German magazine focused on the insurance industry.
Allianz Group and Liverpool Victoria Friendly Society (LV=) have agreed to launch a joint venture and a longer-term strategic partnership in the UK, creating a general insurance business with over 6 million customers and gross premiums written in excess of 1.7 billion pounds.
Allianz achieved very good results in the second quarter of 2017. Total revenues grew by 2.0 percent to 30.0 billion euros. All business segments contributed to this increase with the majority coming from our Life and Health business segment. Operating profit amounted to 2.9 billion euros, an increase of 22.9 percent, supported by all business segments, in particular by our Property and Casualty business.
Allianz Capital Partners and Canada Pension Plan Investment Board, through its wholly owned subsidiary, CPP Investment Board Europe S.a.r.l., signed an agreement with Gas Natural Fenosa to acquire a 20 percent minority equity interest in its gas distribution business in Spain.
Last month, Allianz SE CEO Oliver Bäte visited Africa, opening the 44th annual Insurance Conference in Sun City, South Africa with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization. A roundup of his trip...
The United States represents the largest final consumer market with nearly 30 percent of global household consumption. As it contemplates more protectionist policies, the world may have to find itself a substitute. China is a strong candidate thanks to its economic size and growth track record, according to a research note by Allianz.
Munich will play host to the renowned Digital Insurance Agenda (DIA) for the first time through the efforts of Allianz, one of the driving forces behind the new InsurTech Hub Munich consortium. The must-see event on InsurTech and innovation will take place on November 15 and 16, 2017 at the Eisbach Studios.
A consortium made up of Allianz, EDF Invest and DIF has completed the acquisition of a 6.94 percent stake in Autostrade per I’Italia, the largest Italian toll road network which is majority owned by Atlantia, the listed global operator of motorway and airport infrastructure. This is an increase from the binding agreement to acquire a 5 percent shareholding announced in April 2017 by use of a call option to acquire additional shares.
Based on preliminary figures, Allianz Group achieved a 23 percent increase in operating profit in the second quarter of 2017 to 2.9 billion euros (second quarter of 2016: 2.4 billion euros). Total revenues rose 2.0 percent to 29.994 (29.402) billion euros in the second quarter. Net income attributable to shareholders rose 83.4 percent in the second quarter to 2.0 (1.1) billion euros.
Allianz Life Insurance Company of North America, a member of the Allianz Group, and Minnesota United FC today announced a multi-year naming rights sponsorship agreement for the team’s new soccer stadium in St. Paul, Minn., which will be known as Allianz Field.
PIMCO, a leading global investment management firm, has established an Australian-based taskforce with Allianz, PIMCO’s parent company and one of the world's largest insurers, to offer innovative retirement solutions to the Australian marketplace.
Oliver Bäte, CEO of Allianz SE, opened the 44th annual Insurance Conference in Sun City, South Africa, with a keynote address on the conference theme "Disrupt, Debate, Deliver". In his speech, Bäte addressed the profound transformation of the insurance industry wrought by digitalization.
Allianz SE, one of the world’s largest insurers, particularly in motor insurance, is pleased to announce the extension of the partnership as an Official Partner of the FIA Formula E Championship for another five seasons.
The Blockchain Insurance Industry Initiative B3i will present its newly developed prototype smart contract management system at the 2017 Monte Carlo RVS conference. B3i is an initiative of 15 members of the insurance industry, launched in October 2016 to explore the potential use of the distributed ledger technology and develop common standards for the industry.
World Para Athletics and world leading insurer and financial services provider Allianz SE have extended their global partnership agreement until the end of 2018, and secured an option to extend the deal through to 2020.
Political risk is noticeably higher now than it has been in decades. But financial markets are rushing from one high to the next. What are the reasons for this disconnect? Allianz Economic Insight offers some answers...
Data volume is growing but extracting insights from unstructured publicly-available information can be daunting. Praedicat, an insurtech company AGCS has partnered with, is using Big Data modeling to predict future risks...
Traveling with kids, be it teething toddlers or tantrum-loving teenagers, is never easy. But going two decades without a vacation is hardly an option. So how do you deal with the challenges and whom do you turn to for help?
Euler Hermes, the global leader in trade credit insurance, recently presented its latest analysis on Africa’s economic performance at a ‘Risk Frontiers 2017’ conference in London. Highlights of the speech by Stéphane Colliac, chief economist for France and Africa with Euler Hermes.
Allianz Real Estate has announced the formation of a joint venture with Columbia Property Trust. Together, they will pursue the acquisition of Class-A office properties located in select markets in the United States. Allianz Real Estate of America, based in New York, is responsible for executing portfolio strategies in the Americas on behalf of a number of Allianz Group insurers. The closing on the first assets occurred July 6.
Despite a new record being set for non-financial company cash hoarding, continued high payment delays and a sharp rise in major insolvencies (companies with > 50 million euros turnover) demonstrate that global economic momentum is not without its challenges, according Euler Hermes, the world’s leading trade credit insurer.
Euler Hermes, the world’s leading trade credit insurer, has announced an innovative partnership with fintech credit risk analysis company, CRiskCo. With a focus on revolutionizing factoring, trade and supply chain finance, CRiskCo uses state-of-the art artificial intelligence (AI) credit analysis and fraud detection processes.
A transition deal on goods and services between the United Kingdom and the European Union is needed to prevent a possible sharp rise in the number of UK business insolvencies in 2019, according to Euler Hermes, the world’s leading trade credit insurer.
Allianz has announced the appointment of Joos Louwerier as Country Manager & CEO, Allianz Life Indonesia, where he will oversee the growth strategy and have overall management responsibility of all Allianz operations in Indonesia. Joos succeeds Joachim Wessling, who is stepping down to pursue external opportunities.
Large shipping losses have declined by 50 percent over the past decade, largely driven by development of a more robust safety environment by ship-owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017.
Euler Hermes, the world’s leading trade credit insurer, announced the launch of TRIBRating, a new rating service specifically designed for SMEs and the ‘Mittelstand’ (MidCaps), to be offered by its subsidiary, Euler Hermes Rating.
PIMCO, a leading global investment management firm, has named Robin Shanahan and Peter Strelow, both Managing Directors, as Co-Chief Operating Officers. They will report to PIMCO’s Chief Executive Officer Emmanuel Roman.
Euler Hermes, the world’s leading trade credit insurer, announced the rollout of its innovative new “EH Sync” portal. Developed in close collaboration with brokers, its features include an advanced mobile-ready, digital interface with 360° policy data views and real-time customized alerts.
Allianz Italy has signed an agreement to rebrand Juventus stadium with the renowned Juventus Football Club and Lagardère Sports Group, which currently holds the naming rights for the Turin stadium owned by Juventus.
It’s not just online shopping but a customized and individual consumer experience that millennials and Gen Z shoppers want, says the Euler Hermes 'Retail, Disrupted: Pressure and Potential in the Digital Age' special report...
Euler Hermes interviewed more than 1,000 French small-medium enterprises and large businesses about their investment intentions, cash flow status and January-April 2017 order books. The fourth edition of the annual investment barometer provides an exclusive analysis of the current situation facing French companies, and of the demand and investment outlook for the next five years.
The recent WannaCry ransomware attack made a lot of companies wanna cry. As such attacks become more frequent and gain scale, cyber insurance promises to be the next big blockbuster in the insurance industry, says Hartmut Mai, Chief Underwriting Officer for corporate lines at Allianz Global Corporate & Specialty (AGCS).
Allianz Group recorded total revenues of 36.2 (first quarter of 2016: 35.4) billion euros in the first quarter of 2017, with all segments contributing to the 2.5 percent increase. Operating profit grew by 9.4 percent to 2.9 billion euros, driven by a strong performance of the Life and Health and Asset Management business segments.
Driverless cars, robots, 3D printing, borderless digital businesses and innovations such as drones all promise to transform our world, but are accompanied by unforeseeable risks. Allianz Global Claims Review does a reality check...
Leading German and European companies have stated their intention to cooperate more closely to establish a joint, pan-industry platform for online registration, e-identity and data services. The initiative was set up by Allianz, Axel Springer, Daimler and Deutsche Bank with Postbank as well as the technology think-tank Core, and Here Technologies, the location services provider.
Allianz Australia Limited today named Richard Feledy as its new Chief Executive Officer, effective January 1, 2018. Mr. Feledy, currently the Chief Technical Officer of Allianz Australia, will succeed Niran Peiris, who will join Allianz SE’s Board of Management with effect from January 1, 2018.
The 8th edition of the Africa Economy Builders Awards recognized Delphine Traoré Maïdou as 'CEO of the Year' for the significant contribution she made to Africa’s economy as CEO of Allianz Global Corporate & Specialty (AGCS) Africa from 2012 to 2017 based in Johannesburg, South Africa.
Based on preliminary figures, Allianz Group achieved total revenues for the first quarter of 2017 of 36.2 (first quarter of 2016: 35.4) billion euros. This represents an increase of 2.5 percent compared to the prior-year quarter.
The Annual General Meeting of Allianz SE has elected a new Supervisory Board today with Michael Diekmann to replace Dr Helmut Perlet as Chairman. In addition, Sophie Boissard, Chairwoman of the Board of Management of Korian S.A., Paris, and Herbert Hainer, former CEO of adidas AG, have been newly appointed as members of the Supervisory Board.
Allianz, together with its consortium partners has reached an agreement to acquire 100 percent of the equity interest in Affinity Water. Affinity Water is the United Kingdom’s largest water only supply company by revenue and population served.
The Board of Directors of Atlantia, the listed global operator of motorway and airport infrastructure, has accepted a binding offer by Allianz, EDF Invest and DIF to acquire a 5 percent stake in Autostrade per l’Italia, the largest Italian toll road network. The transaction is subject to signing of final contracts over the next days and fulfilment of the conditions precedent therein.
In its latest study, Allianz SE and Euler Hermes analyze the impact of monetary normalization on debt service payments of the private sector in the eurozone. In contrast to the public sector (and big companies), the bulk of smaller companies and households cannot shield themselves against rising rates by issuing long-term debt, locking in current ultra-low interest rate levels.
Fear a bout of serious illness on your upcoming summer cruise? Don’t. The virtual physician is always in. Powered by fast Internet connections, linked to smart devices and supported by changing insurance standards, telemedicine will lead insurance more in the direction of healthcare services, says Allianz Worldwide Care CEO Ida Luka-Lognoné.
Modern corporate liability exposures can arise from a growing number of sources and have the potential to result in larger and more complex losses for businesses than ever before, warns Allianz Global Corporate & Specialty (AGCS) in a new report 'Global Claims Review: Liability in Focus'.
PIMCO, a leading global investment management firm, has hired Gregory Hall as Managing Director, Head of Private Strategies. He will manage PIMCO's private strategies, which include a number of real estate, distressed, opportunistic and credit strategies in private equity vehicles.
What is the UK government’s Brexit strategy and key issues in the exit talks? How will Brexit affect UK companies and its financial markets? What is the long-run impact of Brexit? Allianz economists provide some answers...
At the 5th annual Africa CEO Forum held in Geneva March 20-21, Allianz received the ‘International Corporation of the Year’ award. Allianz employs over 1,500 people in 16 countries and accompanies its clients in 38 countries across Africa offering a comprehensive range of insurance, assistance, pension and savings products.
Allianz Worldwide Partners and EasyMile have signed an International Framework Agreement to establish insurance solutions for EasyMile’s shared driverless transportation projects as of January 1, 2017. Since the start of the worldwide cooperation, first projects have already been launched in Germany, Norway and the United States.
Despite the healthy economic performance in 2016, the eurozone failed to make further progress in reducing macroeconomic imbalances. In the Allianz Euro Monitor, we measure these imbalances using 20 indicators.
This year, Allianz Capital Partners announced two major investments in the U.S. renewable energy sector. David Jones, the Head of Renewables at Allianz Capital Partners, tells us why these investments are attractive and why he expects to continue investing in U.S. wind energy, despite less enthusiasm for clean energy within the new administration of U.S President Donald Trump...
From environmental, social and corporate governance (ESG) scoring to renewable energy investments to sustainable solutions, there’s much that Allianz has done to address the burning issue of climate change...
Giulio Terzariol has been appointed to the Allianz SE Board of Management as of January 1, 2018. He takes over responsibility for the Finance, Controlling and Risk Management division. Furthermore, Niran Peiris is appointed to the Board of Management of Allianz SE as of January 1, 2018 until December 31, 2020.
What does a flood-hit family have in common with the longest cable car in the world? Allianz as a supporter. Find a range of fascinating stories of our customers in the latest client report by Allianz Deutschland.
Every company and every individual needs to care about sustainability and understand what it takes to meet the needs of the present without compromising those of the future. Here are the top five reasons why sustainability should be at the core of every corporate strategy...
The FIA Formula E Championship, the world’s first fully-electric single-seater racing series and Allianz are proud to announce their global partnership. In addition to joining the all-electric series as an Official Partner, Allianz also hosts the newly named Allianz eVillage, where fans can enjoy a fully immersive and interactive experience during each ePrix event.
Allianz X GmbH, the company builder of Allianz Group, announces the spin-off of abracar, Germany’s first professional agent for car sales directly between private consumers. Abracar optimizes existing customer behavior by providing security and trust through expert opinions and warranty.
The exclusive category sponsorship extends and leverages Allianz’s global football heritage to connect more deeply with its customers in key Asian markets, while significantly expanding its brand presence in the growth region.
The Allianz Group officially announced its presence in the Moroccan market, launching Allianz Maroc. The company has officially been a part of the Allianz Group since Nov 3, 2016 following the acquisition of 98.9 percent of Zurich Assurances Maroc and after obtaining the relevant regulatory approvals.
As the title sponsor of DRL’s race circuit, Allianz will leverage its motor racing heritage to bring the “Sport of the Future” to a rapidly growing world-wide audience. The Allianz World Championship 2017 series will consist of six races to be aired in over 75 countries starting in June.
Since its launch in October 2016, the Blockchain Insurance Industry Initiative B3i has gained broad attention across the industry and beyond. In the meantime, 10 additional insurance and reinsurance companies have decided to join, giving the initiative a truly global scope with members from Asia, Europe and the Americas.
Allianz has agreed to acquire the remaining 33.5 percent stake in Allianz Irish Life Holdings plc (AILH) not already owned by Allianz Group. Allianz aims to increase its stake in AILH from 66.5 percent currently to 100 percent.
Allianz and MUFG, one of the world’s leading financial groups, have together invested tax equity in the Great Western wind park developed and owned by EDF Renewable Energy (EDF RE), one of the leading wind project developers in the United States.
Allianz Global Investors announced on Tuesday that the Allianz Renewable Energy Fund 2 (AREF2) has added three British solar parks to its portfolio. The three solar parks are located in Cambridgeshire, Worcestershire and Norfolk.
We’ve been told time and again to not ‘put all our eggs in one basket’. Yet, many Europeans are found wanting when it comes to financial literacy and an understanding of risk concepts, finds an Allianz study...