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We are delighted to have this opportunity to meet with you and to hear first-hand the Synthomer story, where you are presently and moving forward as a business. Allianz is your partner insurer on Liability and we are keen to continue and grow our relationship with you over the months and years ahead. Our expertise and focus allows us to fully understand the complexities of your business and the risks you face.

We are expertly positioned to support your needs through our dedicated, multi-disciplined, global team of experienced risk consultants, engineers, claims and industry experts. We are committed to creating strategic, long-term partnerships with Synthomer and Aon to help manage the fast-evolving risks of today and tomorrow, together.

Your account team

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About Allianz

Allianz Group at a glance

  • With around 150,000 employees worldwide, the Allianz Group serves over 100 mn customers in more than 70 countries.
  • On the insurance side, Allianz is the market leader in the German market and has a strong international presence.
  • In fiscal year 2020 the Allianz Group achieved total revenues of approximately 140 bn euros.
  • Allianz is one of the world‘s largest asset managers, with third-party assets of 1,712 bn euros under management at year end 2019.
Allianz world Map

Did you know?

Allianz is the Worldwide Insurance Partner of the Olympic & Paralympic Movements from 2021-2028

Allianz insures major Hollywood and Bollywood movies, including all 24 James Bond productions

Allianz supports sustainable motor sports by being a partner of the fully electric car racing Formula E Championship

Allianz offers financial solutions to more than 49 million emerging consumers in Africa, Asia and Latin America

Allianz is the leading specialist in space insurance and celebrated its 100th birthday as aviation insurer in 2015

Allianz insured the last three buildings to hold the title of “world’s tallest”: Petronas Towers, Taipei 101 & Burj Khalifa

the Allianz Center for Technology has conducted thousands of crash test since 1980 to improve road safety

Allianz was one of the insurers of the Titanic

Allianz Results

Allianz Group 12M 2021

€148.5b
Total revenues increased 5.7% to €148.5 billion in 2021 (12M 2020: €140.5 billion)
€13.4b
Operating profit jumped by 24.6% to €13.4 billion (12M 2020: €10.8 billion).
209%
Solvency II capitalization ratio was at 209% at the end of 2021, compared to 207% at end of 2020.

AGCS 12M 2021

€9.486b
AGCS’ 2021 gross premium written increased year-on year by €174 million to €9.486 billion(12M 2020: €9.312 billion)
97.5%
The combined ratio for 2021 stands at 97.5% (2020:115.5%), which is 18.0%-p better than prior year.
€366m
AGCS’ 2021 operating profit of €366 million (2020:operating loss of €482million) is €848 million above prior year driven by a significantly lower impact from Covid-19 losses and an overall positive underwriting performance.

AGCS Commentary

  • AGCS’ 2021 gross premium written increased year-on-year by €174 million to €9.486 billion (12M 2020: €9.312 billion). The positive impact from effective rate changes of 18% for renewal business, a higher renewal base and new business have more than offset selected corrective underwriting actions targeting unprofitable accounts and segments.
  • The combined ratio for 2021 stands at 97.5% (2020: 115.5%), which is 18.0%-p better than prior year. While AGCS achieved a positive underwriting result, it has seen significant claims impact from natural catastrophes and also losses from Covid-19 (reserves booked amounted to approx. €100 million

AGCS Ratings

AGCS Company
Standard & Poor's
A. M. Best
AGCS SE
AA (April 21)
A+ (Sept 20)
AGCS NA
AA (April 21)
A+ (Sept 20)
ART*
AA- (April 21)
A+ (Sept 20)
AGCS Japan
AA (April 21)
(N/A)
AGCS Re Brazil
(N/A)
A+ (Sept 20)
AGCS South Africa
BB+ global;
zaAAA local (April 21) 
(N/A)

General Liability at a glance

What you can expect from across AGCS

Claims experts: We are there when you need us most. Within the claims team, AGCS has notable experience in the Environmental Impact Liability space  On average AGCS makes annual claims payments of over €4 billion.

Multinational specialists: 900 dedicated multinational underwriters and 1,500+ multinational service experts are there to build your bespoke global programs.

Dedicated Risk Consultants: Combining industry-knowledge with an average of 10 years of experience, our 260+ global risk consultants from industry backgrounds understand the key risks and challenges you face.

Alternative Risk Transfer: We specialize in helping clients mitigate their most complex, broad-ranging risks by leveraging our expertise in alternative risk transfer and the global capabilities of the Allianz Group.

Actively growing

  • Construction
  • Pharmaceuticals
  • Telecoms
  • Product / High Tech Manufacturing
  • Manufacturing & Automotive

Coverage

  • Tailor made International Programs
  • Primary and Excess layer
  • Comprehensive wordings as per market standard

Capacity

Up to EUR 100m, depending on trade and individual risks

Restricted

  • Waste Disposal/Recycling
  • Firearms
  • Helmets
  • Child Safety Seats
  • Automotive Recall
  • Amusement, Gambling & Recreation Industries
  • Healthcare Providers
  • Medical Malpractice (incl. Hospitals)
  • Cannabis/Tobacco/E-cigarettes
  • Residential Real Estate

Contact

Jon Prowse, MA, FCII
Executive Liability Underwriter

+44 (0)20 3451 3249
jon.prowse@allianz.com

Allianz Multinational: Global Mindset, local solutions.

Wherever you operate globally, Allianz Multinational is there to secure your future. We’ve been helping our global clients take care of their most valuable assets globally since 1893, and are really proud of partnerships that we’ve built over the last 130 years

Providing risk solutions, expertise and advice tailored specifically to your needs, we are there to help you and your teams navigate the complex risks that impact your business, wherever you are in the world.

One of the largest networks in the industry, covering 200+ territories and 70+ countries with Allianz-owned offices across the globe.

260+ risk engineers averaging 10+ years of industry experience.

Hundreds of dedicated multinational underwriters and service experts building bespoke global programs.

650+ experienced claims adjusters handling thousands of multinational claims every year.

2,500+
Global Programs
21,000+
Local policies
9,500+
Multinational claims handled annually
€4bn+
Annual multinational premium

Global Network

Your business is global – so is the protection that we offer: 

  • We take care of our multinational clients in more than 200 territories. 
  • We benefit from the expansive network of Allianz-owned offices in over 70 countries. 
  • We work with the best-in-class network partners to ensure you get a program matched to your needs. 

Technical Knowledge & Expertise 

Being part of the Allianz Group, we can create bespoke risk programs in collaboration with experts from a wide range of Allianz entities such as: 

  • Euler Hermes: the world’s leading provider of trade-related insurance solutions. 
  • Allianz Global Benefits: providing worldwide employee benefits solutions. 
  • Allianz Partners: offering assistance, travel, automotive and health solutions. 
  • Allianz Global Investors: one of the world’s leading asset managers. 

Dedicated Point of Contact 

Providing easy, consistent service to you globally is our priority. We take a holistic approach to customer service, where a single account view ensures frictionless service: : 

  • All functions of the business come together to support our clients throughout the whole journey. 
  • A dedicated point of contact is there to answer any global or local questions. 

Risk Consulting Services 

Our expansive network includes 260+ engineers, with industry experience and unique expertise spanning: 

  • Technical assessments, loss control programs, loss analysis, business interruption, cyber and more. 
  • Solutions are deployed across key lines of business, to ensure prevention solutions suit your needs. 

Claims 

A claim is the defining moment for our service – the moment when we deliver on our promise. 

Trust and transparency is what our clients value most. We are proud to support them right up to the final resolution. 

Our team of 650+ experienced claims handlers have: 

  • Global experience. 
  • Specific country knowledge. 
  • Unique technical expertise. 

AGCS Claims at a glance 

Insurance is truly a people business. 

Our claims team is acting at the forefront of AGCS to ensure timely communication, transparency, outstanding service delivery and swift resolution. 

17 Claims Global Practice Groups with the top experts from our global organisation
ensure the settlement of large complex claims, e.g. for cyber, business interruption or class actions. 

650+ experts 

in worldwide locations – focusing exclusively on industrial, corporate and specialty claims 

165,000+ 

claims handled per year 

10+ years 

average claims adjusting experience of our handlers 

€4bn+ 

average annual claims payments 

We are there when you need us most 

Trust and support are the main building blocks of our relationship with you. We are committed to being there when you need us most. 

We strive to operate a “no surprise” culture 

Our claims teams are empowered to make timely decisions that result in fair and transparent claims settlement. Our customers always remain at the forefront of decision-making, and we work together to achieve efficient and beneficial outcomes. 

We work to deal with claims in a fair, fast and effective manner 

Every claims is unique – so is our approach to helping you get back on track as quickly as possible. Our experienced in-house claims team will offer a bespoke solution that meets your needs and expectations – and we will keep you posted on all the developments throughout the process. 

We make the difficult experience easy for you 

Dealing with a loss is stressful enough, and we are there to support you during every step of the way: from straightforward to complex and multinational claims, we recognize that each moment may be a unique opportunity to help you with any claims-related matters. We are proud of our people, their technical expertise and their commitment to helping you navigate any difficult moment with ease.

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