Insurance: Allianz Commercial to increase its share in specialty insurance
The insurer is setting up its first own syndicate on the London insurance market Lloyd's. The move is part of the strategy to expand the business in areas such as aviation and shipping.
Allianz Commercial is launching its own syndicate at Lloyd's in London, called "Allianz Commercial 1893", which will start operating in January 2027. The new syndicate aims to strengthen Allianz Commercial's position in the specialty insurance market, which includes complex risks such as transport, aviation, marine, and terrorism.
The syndicate will be funded by one or more capital providers, and Allianz Commercial expects to generate premium income of up to £117 million in its first year. The move will allow Allianz Commercial to access new business and participate in specialized insurance programs that are only available through Lloyd's. The company plans to expand its US business, particularly in the "Excess and Surplus" segment, and increase its presence in regions where it currently has limited operations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
