As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships transiting one of the world’s most important waterways. In a …
With the latest generation of high-rise buildings reaching new heights of close to 2,000 feet, the supertall construction boom is bringing new challenges as projects are built higher, faster and with increasing complexity. As the (re)insurer for many of the …
Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty, announced the appointment of Steve Kennedy as head of Corporate Property and Inland Marine Claims, replacing Tony Clark who retired at the end of January 2014. Kennedy will manage a …
Allianz Global Corporate & Specialty SE (AGCS), the industrial and specialist risk insurer of Allianz Group, has created a new chief claims officer position on its Management Board, appointing Alexander Mack to this role effective April 1, 2014. Mack, who …
Volatile weather activity is increasing around the world as evidenced by major events, such as the recent tornadoes in the Midwest or typhoon Haiyan in the Philippines. Yet, while extreme events may capture the headlines, minor fluctuations in weather can …
As the one-year anniversary of Superstorm Sandy approaches in late October, Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), warns that while there is heightened awareness, many businesses have not yet implemented adequate changes. A new Risk …
Allianz Global Corporate & Specialty (AGCS) and Marsh announced the launch of the AGCS/Marsh Major Claim Promise, committing to provide rapid access to working funds for their joint clients in the event of a major claim. As well as covering …
There have been 106 ship losses reported worldwide in the 12 months since last to November 25 – an increase of 91 ships from the previous year but a 27 percent decrease on the 10- year average of 146 ships …