Allianz Global Corporate & Specialty
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This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Overall position / strategy: - Allianz Global Corporate & Specialty (now branded Allianz Commercial) in the U.S. has exited most MidCorp and standard package business and is focusing on Large Corporate and Specialty segments, including complex multinational programs and alternative risk transfer. U.S. MidCorp and Entertainment portfolios written via Fireman’s Fund entities are being sold to Arch Insurance North America; going forward AGCS US will concentrate on large corporate and specialty risks. - Distribution is exclusively through licensed insurance brokers; Allianz Commercial does not distribute directly to insureds in the U.S. Preferred / target business: - Large corporate and upper middle-market accounts with complex risks, often multinational, generally requiring bespoke program design, large limits, or alternative risk transfer structures. - Industry focuses include Natural Resources (renewables, power generation, mining), heavy and light manufacturing, large real estate and infrastructure, marine cargo and hull, aviation, financial institutions, technology, and other sectors needing global programs and specialized claims and risk consulting. - For Natural Resources, Allianz highlights dedicated underwriting for renewables, conventional power, and mining with tailored property and liability solutions and risk consulting support. - Casualty appetite centers on primary and excess casualty for large corporate risks, including global programs where Allianz can deploy its multinational network. Workers Compensation and Commercial Package notes: - Traditional U.S. MidCorp workers compensation and package/BOP-type business is no longer a strategic focus; these portfolios, along with broader MidCorp and Entertainment business under Fireman’s Fund paper, are being sold to Arch. New submissions of small to mid-market comp or standard package risks should generally be assumed outside appetite unless part of an existing large corporate relationship or multinational program. - Current emphasis is on workers compensation only as a component of large corporate casualty programs or multinational placements, not as monoline small-account business. Restricted / declined classes (operational guidance): - Decline or redirect: Small commercial, standard BOP/package, and most stand-alone SME workers comp—including local retail, small contractors, habitational-only schedules, and other traditional MidCorp profiles. - Entertainment and U.S. MidCorp segments are being transferred to Arch; new placements in those legacy niches are generally not targeted by Allianz Commercial U.S. and should be placed with Arch or other markets. - Risks that do not require specialized underwriting, multinational capabilities, or higher limits are typically outside appetite. Geographic notes: - Licensed and operating across the United States, with business written through U.S. Allianz entities and supported by global Allianz Commercial network. - Strong focus on clients with international operations; many programs are structured as global or regional placements with U.S. as a key territory. - Natural Resources underwriting emphasizes U.S.-based and multinational energy, power, renewables, and mining accounts; appetite is influenced by CAT and regulatory environment, so expect CAT-exposed property (wind, quake, flood) to be subject to stricter terms, deductibles, or sublimits. Submission / underwriting expectations (practical): - All business must be submitted through appointed or recognized brokers. Brokers should approach the appropriate U.S. Allianz Commercial office (regional or industry-focused teams) indicated on the U.S. country page. - Submissions should highlight: • Large corporate or specialty profile, including revenues, assets, and geographic spread. • Detailed risk information: SOVs for property/natural resources, loss runs, risk engineering reports, and program structure where available. • For multinational programs, list of countries, local policies required, and desired master / local structure. - Expect underwriting focus on alignment with Allianz’s global risk appetite and the ability to deploy risk engineering and multinational services; incomplete or SME-type submissions will typically not be prioritized. Broker / producer notes: - Allianz Commercial distributes exclusively via brokers in the U.S.; there is no direct-to-consumer or direct-to-insured model. - Brokers should use Allianz Commercial’s U.S. contact points and industry-specific teams referenced on the country page when marketing large corporate or specialty accounts. - For legacy Fireman’s Fund MidCorp or Entertainment clients, brokers should anticipate transition of policies and relationships to Arch Insurance North America per the announced sale; renewal and servicing for those books will move accordingly. Key operational takeaway: Treat Allianz Commercial U.S. as a large corporate and specialty market with strong appetite for complex, multinational, and Natural Resources risks, and minimal appetite for traditional mid-market workers compensation or package business except as part of larger, specialized programs.