Claims to have taken €100m of AIG business so far
Allianz commercial plans to expand in Asia and take business from rivals including AIG, Axel Theis, head of the Allianz’s industrial unit, said in an interview with Bloomberg.
“We regard Asia as one of the most promising regions to expand our business. Growing the business by €300m in Asia over the next five years is possible. Japan offers an interesting opportunity because of the consolidation of local insurers and the weakening of AIG.”
“We probably took over more than €100m of business from AIG worldwide,” Theis said. “While AIG has offered some very competitive prices to retain its customers, this movement will continue for the next couple of years.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
