Allianz
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The biggest riser in this year’s Allianz Risk Barometer was AI. -
The MGA will also launch into cyber in 2026, adding to its property and marine lines.
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The syndicate will be managed by Polo Managing Agency.
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Oaktree will fund the syndicate and act as investment manager for its assets.
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Next year will mark five consecutive years of insolvency increases.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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The underwriter departed Allianz earlier this year.
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The carrier is looking to achieve sustainable growth across its personal lines business.
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White will join from Allianz trade, and Summers from Talbot.
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Stephen Ridgers is leaving his current role as head of construction midcorp at Allianz Commercial.
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The report highlighted the gap between insured and uninsured attacks is widening.
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The toll of risk losses sustained by the PVT market this year is mounting.
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Plus, the latest people moves and all the top news of the week.
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The platform aims to “bend the loss curve”.
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The insurer’s plans for the syndicate were revealed by this publication earlier this year.
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Rates are bottoming out, but ample capacity is still preventing a hardening market.
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A number of staff will be leaving the D&O team as a result of the restructuring.
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The carrier’s overall P&C combined ratio improved 1.8 points to 91.2%.
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Doan Nguyen-Huu also succeeds Claudia Valencia Lascar as unit head.
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Incumbent Oskar Buchauer is stepping down after 27 years.
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Liberty Mutual, Allianz and Aviva previously had their appeals dismissed.
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Plus the latest people moves and all the top news of the week.
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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
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The carrier said the cuts will help it to become a “simpler, digital-led business”.
