Allianz Global Corporate & Specialty wins Reactions “European Insurer of the Year” award

6 September, 2007

Allianz Global Corporate & Specialty (AGCS)has won the award “European Insurer of the Year” at the Reactions magazine’s Global Awards ceremony, beating major competitors such as AIG, Arch, Axa and Zurich.

The Reactions Awards are designed to recognise and reward the corporate and individual achievers of the insurance and reinsurance markets. Each year Reactions polls its readers on which firms, deals and initiatives, as well as industry figures, are performing a cut above the rest.

“I am happy and proud to announce that publication Reactions has given Allianz Global Corporate & Specialty the award ‘European Insurer of the Year’,” commented Axel Theis, CEO of Allianz Global Corporate & Specialty. “This reflects the combined efforts of our colleagues worldwide and shows bright prospects for the company’s future.”

Over the past several month, 14,000 readers we contacted for their opinions. Participants included risk managers, insurance and reinsurance managers/underwriters, law firms, brokers and senior executives in the industry.

“The award shows that the important transformation process in creating AGCS has clearly paid off and that we have positioned ourselves as the leading partner of choice for brokers and risk managers,” said Clem Booth, Allianz SE Board member.

"This award is a strong affirmation for our underwriting teams around the world, including Allianz Global Corporate & Specialty in Australia and New Zealand. In particular, our relentless effort to go beyond simply issuing insurance policies and settling claims and create a true risk-partnership with our clients and brokers," said Stefan Feldmann, General Manager, Allianz Global Corporate & Specialty – Pacific.

The Reactions Global Awards took place on Tuesday, August 28 in New York.

Media enquiries:
Nicholas Scofield
Allianz Australia Ltd
Ph. 0416 088 414

Allianz Australia offers a wide range of insurance products and services including car insurance, home insurance and Life insurance.