Allianz Global Corporate & Specialty (AGCS)* has global reach underpinned by local knowledge; a combined depth and breadth of expertise that allows us to go further.
Here is what we can offer you.
Our appetite
*Allianz Global Corporate & Specialty is the brand of Allianz Global Corporate & Specialty SE.
AGCS will consider every risk on its own merit. Capacity and coverage offered to individual clients subject to hazard, Nat Cat exposure, grading, terms & conditions.
The products and services described on this page may not be available in all AGCS locations. This is for your general information only. Please contact your local office for full information on local product availability.
Global appetite
Actively Growing
- Structured multi-year/multi-line solutions
- Address gaps caused by non-availability of traditional cover, e.g., Commercial Auto, Property, D&O
- Often contain elements of risk financing/profit sharing, for clients who want to retain risk, but still need to manage volatility
- Bespoke solutions that manage risk in an integrated way across lines and years
- Long term arrangements, but able to adapt as needs change
- Captive Solutions
- Multi-line and multi-year global fronting as a stand-alone service
- Structured per event and aggregate excess of loss captive reinsurance
- Virtual Captive Solutions
- Insurance framework designed to create the economic benefits of a captive, when an actual captive is not a viable option
Coverage
- Broad range of P&C lines of business or a combination thereof: from annual single line captive stop loss through to multi-line, multi-year insurance and reinsurance solutions
- Can include both traditional and non-traditional elements (e.g. aggregate limits and deductibles, automatic extensions, profit sharing features), including parametric triggers
- Transactions up to 5 years tenure, with ability to extend
- Capacity typically €25mn per occurrence, €50mn per annum (or equivalent in other currency), but can be lower or higher depending on structure
- Risk Financing structures work best where traditional RoL > 10% and/or when the cost of combined average claims in the long term is significantly lower than the equivalent external premium spend
- Global Fronting capability expands across 200+ countries and on a multi-line and multi-year basis, if needed
Restricted
- Reinsurance for insurance companies
- Financial risks coverage, e.g. mortgage portfolios, capital relief
- Unmitigated credit risks
- Life insurance
- Business and systematic risks
Growth Focus
- Airlines
- Increased line sizes
- New business (especially as Lead)
- Start-up airlines
- Broad appetite to grow across portfolio
- General Aviation
- Increased line sizes
- Co-insurance business (including North America)
- Commercial fixed and rotor wing
- Industrial Aid
- Broad appetite to grow across portfolio
- Aerospace
- Increased line sizes
- Broad appetite to grow across portfolio
Coverage & Capacity
Airlines: Average target line 10% (12% in US for lead Business)
General Aviation: US$300mn (Liabilities), $25mn (Hulls)
Aerospace: MR OEM and GA OEM max line 10% NMR $/€200mn
Restriction
Airlines: Banks and Lessors Contingent; Hull Deductible; and Hull War.
General Aviation: Hi/Lo business (except Canada); Agriculture; Stand Alone Hull War.
Space: Selected non-Western technology; Third Party Liability; Pre-launch.
Actively Growing
- Pharmaceutical
- Medical device
Coverage
- Indemnity to the insured as “trial sponsor”, including pharmaceutical companies and contract research organizations
- Liability for injury to a trial participant, including no-fault compensation where required
- Coverage can be provided for the full length of the trial
- Fully admitted policies in each territory in local language
- Compliance with the local level of cover in all territories
Capacity
- Up to €50 million for multi-center trials
Cautious
- Trials involving pregnant Women
- Xenotransplants
- Gene Therapy
- Cell Therapy
- Pure surgical procedures (where no drugs nor medical devices are tested)
- Trials involving the deliberate transmission of infectious agents to participants
Actively Growing
- From smaller and to large size companies with international subsidiaries
- Offering across all Industries for both private and public companies
- Primary and excess positions
- Broad product offering including standalone PTL, EPL, POSI and Crime solutions
Coverage
- Directors and Officers Liability inclusive of Side A
- Employment Practices Liability (EPL)
- Pension Trustee Liability (PTL)
- Crime
Capacity
- Up to €25mn
Cautious
- Standalone POSI
- SPACs
Coverage & Capacity
- EAR/CAR - Course of Construction; up to €200mn
- Single Projects, Annual Policies/Open Covers including TPL, CPE, DSU
- CECR / Operational Infrastructures (combined with CAR); up to €200mn
- Inherent Defect Insurance (combined with CAR); up to €25mn
- Inherent Defect Insurance
Appetite
EAR/CAR - Course of Construction
- Annual Policies / Open Covers (Contractors, Owners / Principals)
- Civil Engineering projects
- Buildings
- Manufacturing plants (all industries)
- Oil & Gas (excluding Oil Sands)
- Mine development (excluding
thermal coal) - Utilities
- Conventional Power (excluding coal)
- Renewable energy (Onshore Wind, PV, Hydrogen)
CECR
- Civil Engineering structures
IDI
- Commercial IDI
Limited
- Coverages
- High Nat Cat areas (single risks and accumulation with open covers)
- High DSU exposures
- Unproven technologies
Occupancies
- Waste to Energy
- Biomass
- Hydro Power
- Underground mine development
- Timber / Wood frame construction
No appetite
- EAR/CAR - Course of Construction
- Coal
- Oil Sands
- Geothermal power plants
- Solar Thermal power plants
IDI
- Residential IDI
Actively Growing
- Selective growth appetite across virtually all industries, but with focus on per- account risk quality.
- Preference for excess positions.
Coverage & Capacity
- Primary stand-alone Cyber; up to €10mn
- Excess Cyber; up to €10/15mn
- Technology PI; up to €15mn
- Media PI; up to €15mn
Restricted
- Cryptocurrency
- Payment processors
- Pay day loan companies
- Air traffic controllers
- Adult entertainment
- Online gambling
- Central reserve banks
Coverage & Capacity
- Offshore Energy
- Construction and Operational PD/BI/DSU; up to €200mn
- Onshore Energy
- Operational PD/BI; up to €200mn
Appetite
- Offshore Energy
- Oil and Gas E&P assets
- FPSOs
- Offshore Wind
- Onshore Energy
- Refining and Petrochemical assets
- LNG processing
- Chemical Fertiliser Plants
- Renewables
- Wind
- Solar PV
- Hydrogen
- Hydro
- Carbon Capture
- Conventional Power Plants
- Mining
Restricted
- Thermal Coal
- Mine Tailings Dams
- Underground Mining
- Tar Sands
- Waste to Energy
- Geothermal
- Solar Thermal
- Stand-alone fracking
- Stand-alone drilling and land-rigs
Actively Growing
- Global advertising wrap-up/DICE insurance programs
- Global Motion Picture / TV programs
- Media Equipment
- Sports/Events Liability
- Theatrical and global conferences & exhibition programs
Risk appetite
- Production
- Motion Picture Studio Productions
- TV Production
- Independent Films
- Advertising Agency DICE Wrap-Ups
- DICE: Documentaries, Industrial, Commercials and Educational productions
- Post-production Facilities
- Live – Events & Sports
- Touring Entertainers
- Festivals
- Concerts
- Live Events
- Event Promoters / Producers
- Sport events/ teams/ leagues/ federations
- Corporate events/ fairs/ exhibitions
- Equipment rental
- Motorsport events/ teams/ associations/
governing bodies
Types of Coverage
- Production portfolio
- - Cast
- - Extra Expense
- - Props / Sets /Wardrobe
- - Miscellaneous Equipment
- - Media: Negative Film & Faulty Stock
- - Third Party Property Damage
- Inland Marine / Equipment Floater
- General Liability
- Umbrella / Excess Liability
- Workers’ Compensation / Employers’ Liability, Auto
- Property
- Foreign Package Liability
- Contingency:
- Cancellation
- Non-Appearance
- Transmission Failure
Excluded
Communicable Disease, Cyber
Actively Growing
- Large accounts and Middle market business in the following:
- Manufacturing/ Process Industries
- Energy (downstream)
- Construction (practice and projects)
- Real Estate
- Retail Trade
Coverage & Capacity
- Premises Pollution; up to €25mn
- Contractors Pollution; up to €25mn
Restricted
- Mining
- Offshore
- Nuclear
- Hydraulic fracturing
- Fireworks/fertilizer production
- Clean-up cost cap/ finite risk
- Oil pipeline/waste disposal sites written as such
Actively Growing
- Banks Insurance companies and traditional asset managers
- Middle market, in particular US and UK
- Leverage D&O
- We have limited appetite for standalone FIPI, Investment banking E&O and Insurance company E&O
- Financial Services
Coverage
- FID&O
- FIPI
- FICRIME
- EPL
- PTL
Capacity
- Up to €25mn
Cautious
- Investment Banking E&O, stockbrokers, REITS
- Cryptocurrency – digital assets
- SPAC’s
Actively Growing
- Construction
- Pharmaceuticals
- Telecoms
- Product / High Tech Manufacturing
- Manufacturing & Automotive
Coverage
- Tailor made International Programs
- Primary and Excess layer
- Comprehensive wordings as
per market standard
Capacity
- Up to €100mn, depending on trade and individual risks
Restricted
- Waste Disposal/Recycling
- Firearms
- Helmets
- Child Safety Seats
- Automotive Recall
- Amusement, Gambling & Recreation Industries
- Healthcare
- Medical Malpractice (incl. Hospitals)
- Cannabis/Tobacco/E-Cigarettes
- Residential Real Estate
Actively Growing
- Motor Truck Cargo
- Builder’s Risk & Installation Floaters
- Contractor’s Equipment
- Related Property (Light to medium hazard property on a mono-line basis)
- Corporate Collections, such as fine art or musical instruments
- Miscellaneous Floaters, such as mobile medical equipment
Coverage & Capacity
Inland Marine Floaters
- Communication/Technology; $100mn
- Miscellaneous; $100mn
Transportation Insurance:
- Motor Truck Cargo; various
- Auto Physical Damage; various
- Warehouse Legal Liability; $50mn per location
- Railroad rolling stock; various
Construction
- Contractors’ Equipment; $100mn
- Builder’s Risk and Installation Floaters; $100mn
Related Property
- Light to medium hazard; $100mn
- Programs: various
Actively Growing
- Complex business that requires local policies, risk controls and tailored underwriting/claims expertise
- Multinational and Captive Programmes
- Appetite for risks in a wide range of industries with a focus on risk managed accounts (e.g. manufacturers, importers/exporters and traders)
- Stockthrouput policies and transit programmes
- Project Cargo incl. Delay in Start-Up
Coverage & Capacity
- International Transit, Domestic Transit; $100mn
- Stock through-put; $100mn
- Project cargo, Delay in Start-Up; $150mn
- Tailored coverages with specialized wording linked to industry segments
Cautious
- International car accounts
- Live animals
Actively Growing
Blue Water Hall:
- Chemical / Product / Crude Oil Tankers
- LNG / LPG / LNP Carriers
- Offshore Supply / Support vessels
- Bulkers
- Container vessels
- Cargo carriers
Marine Liability (Including Marine Property):
- General Marine Liability
- Port & Terminals including Marine Property
Specialized binders and facilities (e.g. super yachts, brown water, etc.)
Coverage
- Blue Water
- Brown Water
- Pleasure Craft
- Builder’s Risk
- Marine Liability (Including Marine Property)
Capacity
- $75mn
Cautious
- Fishing Vessels
- Livestock carriers
Actively Growing
- From smaller and to large size companies with international subsidiaries
- Offering across all Professions
- Primary and excess positions
- Ability to offer multi-product solutions in the Construction industry
Coverage & Capacity
- Commercial PI (includes Accountants, Architects, Engineers, Insurance Brokers, Solicitors, Surveyors); up to €15mn
- Special Projects PI; up to €10mn
Restricted
- Large Lawyers, Construction and Accountants companies
- Surveyors
- SPPIs
Focus area
Service Orientated Occupancies such as:
- Financial & Professional Services
- Real Estate
- Public Sector & Education
- Hospitality & Leisure
- Retail Trade
- Airports, Transport & Logistics
- Healthcare
- Manufacturing/Process Industries such as:
- Technology, Media, and Telecom
- Manufacturing and Metalworking
- Lifesciences and Cosmetics
- Beverages
Coverage
- All Risks and Natural Catastrophe Property Damage and Business Interruption
Capacity
- Up to €300mn
Restricted
- Waste disposal/recycling
- Agriculture and forestry (incl. livestock/animal farms and growing/standing crops)
- Coal-based companies
- Food processing of meat products
Focus area
- Commercial Real Estate
- Financial Institutions
- Manufacturing Industry
- Construction/Engineering Projects
- Entertainment/Sport/Film
- Pharma/Chem
- Telco/Media/IT
Coverage & Capacity
- Terrorism, Sabotage, SRCC, Rebellion, Revolution, Mutiny, Insurgency, Counter-Insurgency, Coup de état, Civil War & War; up to €100mn
- Terrorism Liability (T3L)
- Terrorism Event Cancellation
- Active Assailant; up to €50mn
- Nuclear, Chemical, Biological & Radiological Terrorism
Restricted
- Airports and Aerospace
- Rail Operators/Public Transport
- Security Companies
- Nuclear Power Plants
- Religious buildings/Places of worship
- Governmental, Military and Police buildings
- Embassies and Consulates
- Mining
Regional appetite
AGCS' regional responsibilities are divided to six regional units
Regional appetite for further regions to follow
Confidence in tomorrow
Disclaimer
Pictures on this page: Adobe Stock
The material contained in this publication is designed to provide general information only. While every effort has been made to ensure that the information provided is accurate, this information is provided without any representation or guarantee or warranty of any kind about its accuracy and completeness and neither Allianz Global Corporate & Specialty SE, nor any other company of Allianz Group can be held responsible for any errors or omissions. This publication has been made on the sole initiative of Allianz Global Corporate & Specialty SE.
All descriptions of services remain subject to the terms and conditions of the service contract, if any. Any risk management duties as laid down in the risk service and/or consulting contracts and/or insurance contracts, if any, cannot be delegated neither by this document, no in any other type or form.
Some of the information contained herein may be time sensitive. Thus, you should consult the most recent referenced material. Some of the information given in this publication may not apply to your individual circumstances. Information relating to risk services is intended as a general description of certain types of risk and services to qualified customers. Allianz Global Corporate & Specialty SE do not assume any liability of any kind whatsoever, resulting from the use, or reliance upon any information, material or procedure contained in this publication.
Allianz Group companies
The Allianz Group offers a wide range of products, services, and solutions in insurance and asset management and operates as an international insurer on almost every continent.
AGCS offices
With our worldwide network, Allianz Global Corporate & Specialty (AGCS) is one of the very few global insurers with an exclusive focus on the needs of global corporate and specialty clients.