Property & Casualty

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Allianz - big building with dozens of interconnected pipes in gleaming silver

Experienced treaty and facultative reinsurance underwriters serve our clients in about 90 countries. They offer tailor-made solutions in a broad range of reinsurance business lines.

Our internationally experienced team provides reinsurance solutions to clients in some of the largest insurance markets. Through our client managers, our customers get access to a large range of special expertise in underwriting and risk management. Also, Allianz Re provides access to some dedicated specialist teams as well:

  • Our Expert and Underwriting Services team provide in-depth technical expertise of the major business lines through training, research analysis and product development.

  • Credit & Bond Reinsurance offers substantial capacity and services to our clients.

  • Agricultural Reinsurance: Based in Switzerland, our Agriculture team is the Group’s center of competence, working closely with our clients to develop new products and tailored reinsurance support.

  Underwriting Expert Services

Employing a range of professional backgrounds like attorneys, economists, engineers, insurance experts and financial analysts, the team is specialized in major business lines, such as Casualty, Property, Engineering and Marine. Always focused on the most sustainable solutions, we service our customers through a comprehensive range of product lines embedded in an international service network.

In alignment with the Allianz Reinsurance mission “understanding risk– creating value”, the Underwriting Expert Services team acts as consultant in exposure related matters and provides technical assistance via research and analysis, innovative product development, risk-assessing techniques and topic-related training for underwriters.

Based on daily contact with the insurance operations of Allianz Group, the Underwriting experts of Allianz Re drive global know-how exchange and underwriting quality management. It is a focus of the Underwriting Expert Services to regularly translate market developments and operational experience into up-to-date Underwriting Rules & Principles. At the same time, the team offers clients technical advice.

Further, the team acts as hands-on consultant for overall reinsurance matters through monitoring emerging risks and evaluating future market opportunities.

In its comprehensive responsibility, the team always sets best-practice and facilitates synergies for the Allianz Group through innovation and collaboration.

  Advanced Risk Intermediation

Advanced Risk Intermediation refers to the active insurance risk and capital management through capital markets instruments such as bonds, loans, swaps or options involving the transfer of insurance risks.

The team was created in 2007 to develop innovative solutions for capital management and insurance risk transfer on behalf of Allianz SE and Group subsidiaries with a focus on capital markets oriented structures. A series of cat bonds have already been developed and launched successfully by this team.

Why cat bonds?

They offer:

  • A flexible multi-peril platform supporting a sophisticated risk management
  • Access to alternative, non-traditional retrocession capacity (supplementing traditional reinsurance)
  • Better diversification of reinsurance capacity to ease constraints for peak perils
  • Full collateralization on a multi-year basis 

Transactions conducted by Advanced Risk Intermediation

  • Blue Danube II Ltd. (Series 2013-1) US, Caribbean and Mexican storm as well as US and Canadian earthquake risks, sponsored by Allianz Re (2013)
  • Blue Danube Ltd. (Series 2012-1) US, Caribbean, and Mexican hurricane as well as US and Canadian earthquake risks, sponsored by Allianz Re (2012)
  • Blue Fin Ltd. (Series 4) US earthquake and hurricane; sponsored by Allianz Re (2011)
  • Blue Fin Ltd. (Series 3) US earthquake and hurricane; sponsored by Allianz Re (2010)
  • Blue Fin Ltd. (Series 2) US earthquake and hurricane; sponsored by Allianz Re (2009)
  • Blue Fin Ltd. (Series 1) European windstorm; sponsored by Allianz Re (2007)
Allianz - Pen and graph

  Credit & Bond Reinsurance

Our Munich-based Credit and Bond Reinsurance team writes business for Allianz Group as well as open market clients worldwide. Our underwriters have many years of experience in this segment, in particular writing treaty business. Facultative business is offered selectively and strictly in combination with treaty business.

Credit and Bond are two lines of business, which have to be seen different.

Credit insurance protects the insured against the non-payment of goods and services delivered mostly on a short-term basis.
Credit insurance can decouple itself from economic cycles by risk control and adjustment of policy conditions.

Bond business is a financial product, securing that a contract is fulfilled. This is mostly used for public contracts. Public authorities are required by law to ask for such a security, which has to be given by an accepted guarantor. This can be an insurance company or a bank.


Climate change, natural catastrophes and a rising need for food security have spurred the recent growth in agricultural insurance around the globe. In 2009, Allianz Re has set up an agricultural insurance team in its Swiss office whose experts are providing reinsurance cover to clients across the globe.

Allianz - Wheat field