April 20, 2014 1:04 PM ET


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 to pharmaceuticals and clinical trials and a range of corporate liability i...

Königinstrasse 28

Munich,  80802


Founded in 2006


49 89 38 00 0


49 89 38 00 39 27

Key Executives for Allianz Global Corporate & Specialty SE

Chairman of Management Board and Chief Executive Officer
Chief Financial Officer and Member of Management Board
Age: 51
Chief Operating Officer and Member of Management Board
Chief Underwriting Officer for Global Specialty Lines
General Manager and Chief Executive of U.K. Operations
Age: 55
Compensation as of Fiscal Year 2013.

Allianz Global Corporate & Specialty SE Key Developments

Allianz Global Corporate & Specialty Reports Earnings Results for the Full Year of 2013

Allianz Global Corporate & Specialty reported earnings results for the full year of 2013. For the year, the company reported that operating profit climbed 16% to EUR 483 million compared to EUR 416 million the previous year. However, gross written premiums were down 6% to EUR 5 billion which Allianz blamed on "negative foreign exchange movements", in addition to "competitive pricing pressure, notably in the aviation sector." Investment income was responsible for EUR 279 million of this total in 2013 compared to EUR 295 million.

Allianz Global Corporate & Specialty SE Partners with Thales to Offer Allianz Cyber Data Protect Insurance

Allianz Global Corporate & Specialty SE has partnered with Thales to offer Allianz Cyber Data Protect insurance against cyberattacks. The new Allianz Cyber Data Protect insurance policy from AGCS is tailored to the needs of each customer. It covers the costs incurred by responding to a cyberattack on an insured company and rebuilding its information system as well as losses arising from interruption of business operations. Thales is contributing its expertise in both initial analysis of IT security risks and emergency response in the event of an attack. The new Allianz Cyber Data Protect insurance solution enables businesses to protect themselves comprehensively against cyber risks. This insurance policy covers the expenses arising from measures taken to respond to a malicious online attack and restore damaged or destroyed data. The policy also protects against loss of income resulting from disruptions following an attack, and covers civil liability claims by customers of an insured company who sustain losses as a result of attacks by hackers or denial of service attacks. Data protection violations and illegally accessed digital communications are covered, and the costs of crisis communications to safeguard the company's reputation are also included in the policy. In addition to this standard cover, the Premium and Premium Plus enhanced options offer extended cover up to EUR 50 million. Thales's involvement as a cybersecurity expert includes risk analysis and prevention to ensure the best possible protection for each insured company and mitigate the potential impact of an attack.

Allianz Global Corporate & Specialty Launches Enhanced tech PI Product

Allianz Global Corporate & Specialty has launched an upgraded professional indemnity cover for of up to EUR 20 million (£16.5 million) technology companies, software creators and telecommunications suppliers. The enhanced product will enable businesses to protect themselves against all third party liabilities, including breaches of data and privacy, network security liability, and contractual liability for services provided.

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