Allianz Global Corporate & Specialty News

Allianz Warns Product Recall Risks Grow as Technology Drives New Triggers

Defective product risk is an increasing peril for companies, causing significant financial damage, according to a newly released Allianz Global Corporate & Specialty (AGCS) report. Recall exposures have increased significantly over the past decade, bringing the potential for larger and …

Allianz: Cyber Security, Regulation and Cost Cutting Impact Global Shipping Losses

Large shipping losses have declined by 50 percent over the past decade, mostly driven by the development of a more robust safety environment by ship owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping …

Top 10 Causes of Liability Losses Include Bedbugs, Crashes and Defective Products

Not only are liability losses increasing but they are getting more expensive, particularly in relation to global product recalls, corporate liability, cyber and environmental incidents, according to a new report by Allianz Global Corporate & Specialty (AGCS). Global Claims Review: …

Allianz: Commercial Drone Growth Brings Benefits, Risk

More drones in the skies raise a number of new safety concerns, ranging from collisions and crashes to cyberattacks and terrorism, according to the latest risk report from Allianz Global Corporate & Specialty (AGCS): Rise of the Drones: Managing the …

Business News: Solera Acquires Enservio, AIR Worldwide, AGCS

Solera to Acquire Enservio Solera Holdings, Inc., a global provider of cognitive technologies for the automotive and home ownership ecosystems, announced a definitive agreement to acquire 100 percent ownership of Enservio, Inc., a U.S. provider of SaaS-based software and services …

People News: MEMIC, Chubb, AGCS

MEMIC Hires Gonnella as Vice President of Claims for Northeast, Atlantic Regions To support continued growth across the Eastern Seaboard, workers’ compensation specialist The MEMIC Group has announced the appointment of Gus Gonnella to vice president of Claims for the …

People Moves

Guy Carpenter appoints CEO of GC Stockholm Guy Carpenter & Company, LLC, a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, appointed Tobias Andersson as CEO of GC Stockholm, effective April 1, 2017. …

Allianz: Shipping Safety Hampered by Cyber Risks, Superstorms

Shipping losses continue their long-term downward trend with 85 total losses reported worldwide in 2015, according to the Allianz Global Corporate & Specialty (AGCS) fourth annual Safety and Shipping Review 2016, which analyzes reported shipping losses of over 100 gross …

Allianz Launches Motorsports Unit in North America

Building on its established presence in both film and TV productions as well as live events, Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS), announced the launch of a dedicated motorsports unit in North America to be …

Allianz Global Corporate & Specialty Launches Dedicated Transportation Unit in North America

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty launched a dedicated transportation and logistics unit in North America led by Helen Leonard, Inland Marine Global Product Leader. The new division will offer rail, motor truck cargo, warehouse and …