German insurance group Allianz is planning to create a specialist pan-European terrorism insurance unit in response to the fallout of 11 September.
This is the first initiative post-WTC to tackle the issue of future terrorism claims. Reinsurance giant Swiss Re and Zurich Financial Services in Switzerland have indicated their willingness to join the new venture based in Luxembourg.
Allianz is currently seeking two further partners for the project, in which it hopes each partner would take a 20% stake. It has been reported that Munich Re has declined to take part.
Allianz director Detlev Bremkamp has confirmed the plans.
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.
