Allianz CEO says no US insurance market expansion on the way

US Insurance Market - Truth - Paper

Chief executive officer Oliver Bäte denied the rumors of a move to the United States in a recent interview. Rumors Allianz taking its first steps into the US insurance market have been officially denied. The insurance giant’s chief executive officer, Oliver Bäte spoke in an interview with the Financial Times and explained that the company had no intentions to head to the United States. Bäte explained that the American market is too different in its valuations, reducing its appeal for the firm. “Buying something in the US for us is…

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Strange insurance claims rise as a result of fur, feathers and creepy-crawlies

bedbug animal related strange insurance claims

Everything from peacocks to bedbugs are leading to a rise in filings with insurers in the United States. Strange insurance claims resulting from animal-related incidents are on the rise in the United States. Everything from aggressive peacocks to hotel room bedbugs are sending people to their insurers for reimbursement of their losses. This insurance data was published by Allianz SE in a report based on a recent study it conducted. Strange insurance claims in the United States involving bedbugs rose by 50 percent from 2014 to 2015, according to Allianz…

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Allianz to buy the commercial P&C insurance business from Aegon

Property insurance News commercial P&C insurance

The insurer will be purchasing the Netherlands market property and casualty portfolio from the company. It has now been announced that Allianz has agreed to buy the commercial P&C insurance business from the Netherlands market that had been owned by Aegon. As of yet, the details involved in the creation and closure of this transaction have not yet been disclosed. At the moment, the P&C insurance market share held by Allianz in the Netherlands is 4.4 percent. This transaction is expected to bring that figure up to a solid 5…

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Insurance industry of Brazil sees promising growth potential

Brazil Insurance Industry

Allianz predicts Brazilian insurance industry will see significant growth this year Allianz, Europe’s largest insurance organization, has high hopes for the insurance industry in Brazil. The country boasts of one of the most promising insurance markets in the world, partly due to an expanding economy and the relatively low number of natural disasters it has seen over the past year. Brazil has begun investing heavily in its infrastructure, especially where electrical power is concerned. The country has been showing strong support for renewable energy, but still maintains a reliance on…

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Travel product released by the Allianz insurance company in time for holidays

Travel Insurance

As Americans get ready to celebrate the Christmas season, there is new protection for their event planners. The insurance company called Allianz Global Assistance USA has just announced the release of a new travel product for event planners in the United States that is being launched just in time to assist people who are getting ready for their holiday celebrations. This was released in conjunction with the company’s annual Vacation Confidence Index. That insurance company survey was designed to help to gauge customer attitudes and behaviors regarding travel. What it…

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Insurance news from Allianz includes profit increases

Insurance News Snap Shot of Allianz Website

The Munich based insurer also saw a rise in P&C gross written premiums. Allianz SE has just announced its third quarter financial results for 2012, and part of this insurance news included a 32.8 percent increase over the operating profits at the same time in 2011, as well as a drop in natural catastrophe claims, and that property and casualty profits have edged upward. Overall, the insurer feels that this year was almost five times better than last year. Of course, it needs to be taken into account that in…

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Space travel insurance policy available from Allianz in 2012

In an effort to be the first in the industry to take advantage of the upcoming wave of “ordinary astronauts” who will be taking the first commercial trips into space next year, the German insurance giant, Allianz, has announced that in 2012 it will begin selling space travel insurance policies. The sale of these policies will align with the launch of the spaceflight company called Virgin Galactic, owned by Virgin Group’s Richard Branson. There have already been approximately 450 people who have made seat reservations with Virgin Galactic for its…

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