allianz global corporate & specialty se company...founded in 1890 in berlin, allianz companies...

Allianz Global

Corporate &

Specialty SE

Company Presentation

January 2014

2

Allianz Global Corporate & Specialty SE, 2014

© Copyright Allianz 30.12.2013

Allianz An Introduction

Allianz Group is one of the world’s leading insurers and financial

services providers

Founded in 1890 in Berlin, Allianz companies now extend to over 70

countries with approximately 144,000 employees and 78 million customers

Insurer financial strength rating of AA (‘Very Strong’) from S&P and A+

(‘Superior’) from A.M. Best*

International network of strong brands,

with first-class products in the fields of:

1. property and casualty insurance

2. life and health insurance

3. asset management

For more information visit www.allianz.com

*Ratings refer to Allianz SE and are correct as at 10/2013

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Allianz Global Corporate & Specialty SE An Overview

We are one of the few specialist corporate insurers with a genuine global

market presence who can provide “one carrier” insurance solutions across the

whole spectrum of corporate and specialty risks.

Diversified product portfolio

Wide range of complementary services,

including specialist non-traditional risk transfer

solutions provided by our subsidiary ART

Financial strength: €5.3 billion GWP (2012)*

Global reach: integrated in the Allianz network

of more than 150 countries worldwide

Extensive international experience: manages

some 1,700 International Insurance Programs

More than 3,500 dedicated employees

Product lines

Alternative Risk Transfer Aviation

Energy Engineering / Construction

Financial Lines Global Programs

Liability / Casualty Marine

Property Risk Consulting

*All AGCS companies

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Allianz Global Corporate & Specialty SE At a glance

Full range of products and services covering corporate

and specialty insurance

Provides insurance for more than half of the Fortune

Global 500® companies

Extensive international experience and worldwide network

Market leading capacity – to handle the largest risks

Local decision making – delivering fast responses

Revenues of €5.3 billion (gross premium 2012)*

Single point of access – dedicated client teams and Key

Account Managers

Diversified risk portfolio and capital efficiency offers

stability and long term consistency

Consistently strong ratings: AA (‘Very Strong’) from

Standard & Poor’s, A+ (‘Superior’) from A.M. Best**

Allianz Global

Corporate &

Specialty has

been designed,

structured and

built to fit the

needs of global

clients.

*All AGCS companies

** AGCS SE and AGCS North America, correct as at 11/2013

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Allianz Global Corporate & Specialty SE Established financial security through diversity

Gross written premiums 2012 by business line* Gross written premiums 2012 by region (incl. ART)*

Total combined gross premium 2012 (incl. ART): €5.3 billion

Significant underwriting capacity for large corporate risks worldwide

A diversified business portfolio – both by segment and geography

Benefits of such diversity include lower capital requirements and smoothed

performance – ensuring sustainability and stability for our clients.

*excludes other business premiums outside core lines of business

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Allianz Global Corporate & Specialty SE - Results 2012 7th consecutive successful year for AGCS1

€mns 2010 2011 2012

Gross Premiums 4259 4918 5314

Net prem. earned 3086 3088 3299

Operating Profit 517 549 420

Combined Ratio 93.7%* 93.8%* 96%

2012 Highlights

Continued prudent investment strategy

focusing on broad diversification, high

quality and liquid assets.

AGCS asset base increased to €11bn as

at Dec 2012 (vs. €10.6bn in Dec 2011).

Increase of gross written premium and net

premiums earned, despite Nat Cat claims,

due to AGCS’s diversified portfolio.

AGCS ratings re-confirmed in 2012.

Launch of AGCS Brazil: on Dec 21 2012,

AGCS received its local reinsurance

license in Brazil and launched its new

legal entity, Allianz Global Corporate &

Specialty Resseguros Brasil S.A. or

‘AGCS Brazil’.

2012 Results in summary

2012 marked a significant milestone in AGCS’s

development since its creation in 2006, with gross

premiums exceeding €5 billion for the first time.

Positive combined ratio supported by AGCS

portfolio diversification, despite significant spread

of losses including Nat Cat activity.

A strong and sustainable performance in continuously challenging conditions.

*excluding ART

1) All AGCS companies

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Allianz Global Corporate & Specialty SE Global Projects – a selection

Inditex: International

Insurance Program in

32 countries

EADS: A380, the

world’s largest

passenger aircraft

Siemens: the

world’s largest gas

turbine in Germany

Royal Caribbean:

the world’s largest

cruise ship

BARD: offshore

wind park in

Germany

Incheon Grand

Bridge in South

Korea

© AMEC / Incheon Bridge Company

8


© Copyright Allianz 13-12-30

AGCS ratings AGCS remains one of the highest rated global P&C insurers

Allianz Global Corporate &

Specialty (AGCS) company name

Standard & Poor’s A.M. Best

FSR Outlook (March 20, 2013) FSR Outlook (Sept 27, 2013)

AGCS SE, AGCS North America* AA Stable A+ Stable

Allianz Risk Transfer AG** AA- Stable A Stable

Allianz Fire & Marine Insurance

(Japan) Ltd.*** AA- Negative (no change) n/a n/a

Allianz Global Corporate & Specialty

Resseguros Brasil S.A. A- Stable (no change) n/a n/a

*AGCS NA includes Allianz Global Risks US Insurance Company, Allianz Underwriters Insurance Company, AGCS Marine Insurance Company.

** ART’s ratings are capped one notch below the ratings of AGCS.

*** AZFM’s rating is constrained by S&P’s sovereign credit rating on Japan, hence its ‘negative’ rating outlook.

S&P comments (March 20, 2013):

“The ratings are also supported by the group’s very strong

competitive position, reflecting very strong segmental and

geographic diversity in revenues and profits, and the very

favorable risk-return profile of its asset management

operations.”

A.M. Best comments (Sept 27, 2013):

“The ratings of Allianz SE reflect its strong risk-adjusted

capitalisation.”

“Allianz maintains an excellent business profile as one of the

leading financial services providers worldwide. The group

benefits from a very high degree of diversification, both in

terms of business and markets.”

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The Allianz Network

Combining one of the largest own-office networks with carefully selected

partners, Allianz Global Corporate & specialty provides a truly global reach.

Covering more

than 150

countries

worldwide, our

network ensures

that clients have

access to

Allianz services

wherever and

whenever they

need it.

For details on our global network please visit

www.agcs.allianz.com/global-offices

http://www.agcs.allianz.com/global-offices/



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Working with the Allianz Group

Our ability to introduce additional services

means that we can harness the full benefits

of being part of the Allianz Group – offering

more than you might expect.

Allianz Group

consists of more

than 250 companies

worldwide –

offering financial

solutions from A-Z Asset management

products and solutions

for retail and institutional

investors worldwide.

Trade credit insurance and

credit risk management.

Travel insurance and

assistance services for

corporate customers.

International health

insurance services for

employees, individuals

and their dependants.

Asset management

products and solutions

for retail and institutional

investors worldwide.

Trade credit insurance and

credit risk management.

Travel insurance and

assistance services for

corporate customers.

International health

insurance services for

employees, individuals

and their dependants.

11



Claims Services Experts beyond underwriting

We field a team of claims specialists with

many years of hands-on expertise of all types

of claims, across all product lines.

Claims handling is the 'acid test' of our

services, and our clients and brokers should

expect nothing less than a first class response

from AGCS.

Our aim is always to deliver a prompt and

consistently fair approach to all our clients

and brokers.

We have an established reputation for claims

handling on a worldwide basis for clients with

international exposures, with a global network

of contacts and local support.

Claims service is a core topic in our broker

account meetings – and we respond quickly

to broker feedback.

With Allianz Global

Corporate &

Specialty, claims

handling is always

a key focus of our

service - never an

after-thought.

12



Risk Consulting Services Expert support and advice

Our multi-disciplined team of Chartered

Engineers and Risk Consultants provide

technical expertise and risk management

solutions across a wide range of commercial

and industrial operations.

Construction/ Civil Engineering (CAR)

Projects

Machinery Intensive Construction (EAR)

Projects

Operational Power Plant, Machinery and

Process Equipment

Health and Safety (Employer’s, Public and

Product Liability)

Marine, Logistics and Transportation

We believe that

only by striving to

understand each

client’s individual

requirements can

we help manage

and reduce risk.

13



Key Account Management A core of our service

Excellent client service - delivered - is the

defining factor for global account success

Key Account Managers provide single point

access to Allianz, ensuring a structured

approach to account support and service

delivery

Combining technical and product insight

with client service know-how

Regular client/broker/insurer coordination

and ready access for clients and brokers to

local and global decision makers

Integrated team approach – from claims to

local operations

Similar profiles and transparent structures

globally ensure reliable service delivery

Your Key Account

Manager is your

key contact of

choice – the

foundation of a

trusted

partnership.

14



International Insurance Solutions (IIS)

Allianz Global Corporate & Specialty has an

established reputation as a leading provider

of international insurance programs –

bespoke insurance solutions for clients with

international risk exposures.

Providing cover for risks in more than one

country via a Master Policy, plus locally

admitted policies placed with Allianz

companies or our partners

Difference in Conditions/Difference in Limits

(DIC/DIL) cover provided by the Master

policy to eliminate gaps in coverage

Information about global exposures is

coordinated centrally

IIPs enable clients to benefit from central

coordination and harmonized global cover

across all locations - all managed via the

Allianz network

In 2012, Allianz

Global Corporate

& Specialty

managed some

1,700 global

programs for

corporate clients.

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Allianz Global Corporate & Specialty Questions or comments?

For further information please contact your local AGCS representative or:

Hugo Kidston

Global Head of Communications

+44 20 3451 3891

[email protected]

Bettina Sattler

Global Communications and Media Relations

+49 89 3800 14303

[email protected]

www.agcs.allianz.com

mailto:[email protected]

mailto:[email protected]

allianz global corporate & specialty se company...founded in 1890 in berlin, allianz companies...

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