Allianz expands expands cyber team

Allianz Global Corporate and Specialty (AGCS) has hired three experienced underwriters and a new regional head of its cyber team following a marked rise of data breaches across businesses in Europe. The expansion of the cyber team comes in an effort to mitigate the risk of cyber attacks while continuing investment in talent and technology.

Companies around the world are accelerating their commitments to net-zero emissions by 2050. While the construction sector is playing its part by switching to sustainable energy and adopting modern building methods, the move towards carbon neutrality will likely see a significant shift in the risk landscape, and the need for greater collaboration within the insurance industry to help underwrite new risks.