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Allianz begins 2021 with strong results

Allianz published its Q1 financial results today May 12, 2021. In a nutshell: Total revenues of 41. 4 billion euros, adjusted for currency and consolidation effects, flat compared to prior year level 1Q 2021 operating profit up 44. 3 billion euros 1Q 2021 net income attributable to shareholders ...
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Maria Grace appointed Global Head of Property at Allianz Global Corporate & Specialty

Grace joins AGCS from Everest Re Group succeeding Thierry Portevin who leads AGCS’s global risk consulting team since March. Property line of business contributed 10 percent to AGCS’s global premium income in 2020 Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore ...
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Parents: Are you properly covered?

Parents have so much to think about, especially when it comes to essentials like savings for the family, healthcare or provisions should something bad like a dread disease happen. There are many aspects of modern family living that require thorough planning, and short-term insurance should be key among ...
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Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz

New AGCS report identifies key risks and loss trends for the financial services sector. Covid-19 may drive market corrections and insolvencies – which could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. AGCS analysis of $1bn of ...
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SANTAM ADVISES CAPE TOWN RESIDENTS ON SEVERE WEATHER WARNING

Santam, South Africa’s largest general insurer, has cautioned Cape Town residents to be careful and to exercise extreme vigilance in the wake of the severe weather conditions predicted for the city and the surrounding areas over the coming days.   The SA Weather ...
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Return on capital employed (ROCE):

Indicator of profitability of the firm's capital investments. Determined by dividing Earnings Before Interest and Taxes by (capital employed plus short-term loans minus intangible assets). The idea is that this ratio should at least be greater than the cost of borrowing.
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