January 31, 2015 7:52 AM ET

Insurance

Company Overview of Allianz Global Corporate & Specialty SE

Company Overview

Allianz Global Corporate & Specialty SE provides a range of corporate and specialty insurance services in Germany and internationally. It offers specialist risk solutions to specialist challenges; insurance coverage for general aviation, airlines, airports, and manufacturing risks; captive insurance solutions; claims services; offshore and onshore coverage for the oil and gas industry; engineering insurance coverage for various aspects of engineering and construction risks; and financial lines insurance addressing the challenges of management and professional liabilities. The company also provides liability insurance solutions for pharmaceuticals and clinical trials; a range of corporate lia...

Königinstrasse 28

Munich,  80802

Germany

Founded in 2006

Phone:

49 89 20305 1000

Fax:

49 89 3800 6631

Key Executives for Allianz Global Corporate & Specialty SE

Chief Executive Officer and Member of Management Board
Age: 52
Chief Financial Officer
Chief Operating Officer and Member of Management Board
Chief Underwriting Officer for Global Specialty Lines
General Manager
Compensation as of Fiscal Year 2014.

Allianz Global Corporate & Specialty SE Key Developments

Allianz Global Corporate & Specialty SE Appoints Christof Bentele as Head of Crisis Management

Allianz Global Corporate & Specialty SE appointed Christof Bentele as head of crisis management. He will be based in London and report to Michael Hohmann, global head of liability at the Allianz Group unit. Previously, Bentele has held senior board-level positions at two major brokers, where he was responsible for developing and coordinating the crisis management strategies for clients and third-party producers. In his new role, Bentele will be responsible for developing and combining existing and new products in product recall and contamination, terrorism and political violence.

Paul Schiavone Joins Allianz Global Corporate & Specialty as Regional Head of Financial Lines North America

Allianz Group's Allianz Global Corporate & Specialty (AGCS) announced that Paul Schiavone has been named to the new role of regional head of financial lines North America effective from January 12, 2015. Schiavone will develop AGCS's Financial Lines business in the U.S. He will work alongside Hugh Burgess, regional head of corporate North America; Bernard Poncin, global head of financial lines; and Hartmut Mai, chief underwriting officer for corporate lines. Based in New York City, Schiavone will lead the North American team of existing Professional Indemnity (PI), Directors and Officers (D&O) and Errors and Omissions (E&O) teams in Canada as well as the Professional Liability teams coming to AGCS as part of the Fireman’s Fund Commercial integration. Schiavone joined Allianz from Zurich US, where he was responsible for the Private Equity Practice. Previously, he worked in the London office of Zurich General Insurance as the Global Chief Underwriting Officer for Special Lines.

Allianz Global Corporate & Specialty Reports Earnings Results for the Nine Months Ended September 30, 2014

Allianz Global Corporate & Specialty reported earnings results for the nine months ended September 30, 2014. Gross premiums written for nine months 2014 totaled €4.217 billion, an increase of €175 million compared to nine months 2013 of €4.042 billion. This increase is to a large extent driven by Liability, Engineering, Financial Lines and Allianz Risk Transfer as a result of new business, upsells and captive business, with a significant contribution from AGCS Asia. New business premiums for the quarter totaled €737 million, a 13% increase on 2013 €654 million. The AGCS global combined ratio for the nine months period was 95% compared to 94% a year ago. Operating profit for the nine months 2014 increased to €363 million compared to €342 million for the nine months of 2013.

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