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Allianz's U.S. commercial companies hold AA from S&P and A+ (Superior) from AM Best, both affirmed in 2026. It is a legitimate, highly rated insurer. In the U.S., though, Allianz Commercial now focuses on large corporate and specialty accounts placed through brokers, after selling its U.S. MidCorp and Entertainment business to Arch on August 1, 2024. Small and mid-sized businesses should look at carriers such as The Hartford or Travelers, and consumers searching for an Allianz review usually want Allianz Travel or Allianz Life, which are separate companies with their own reviews.
- What it is
- Allianz Commercial, the trade name for Allianz Global Corporate & Specialty (AGCS) combined with the commercial business of local Allianz property and casualty companies1
- U.S. insurers
- Allianz Global Risks US Insurance Company, Allianz Underwriting Insurance and Allianz Global Corporate & Specialty Marine Insurance Company2
- Financial strength
- S&P AA, stable (affirmed June 2026); AM Best A+, stable (affirmed March 2026)2
- Size
- About $19.4 billion (€17.3 billion) in gross premium worldwide in 20251
- Reach
- Own offices in 70+ countries and partners covering 200+ countries and territories1
- U.S. mid-market
- MidCorp and Entertainment business sold to Arch, completed August 1, 2024; nearly 500 employees moved to Arch3
- How you buy
- Through an insurance broker; no online quotes or published prices1
- Parent
- Allianz SE, Munich, Germany1
Pros
- AA (S&P) and A+ (AM Best) financial strength ratings
- Global programs that cover subsidiaries in 200+ countries and territories
- Specialist underwriting for aviation, marine, energy, construction, cyber and financial lines
- Risk consulting and alternative risk transfer options such as captives
Cons
- No longer writes U.S. mid-market or entertainment business, which moved to Arch
- Only available through brokers, with no online quotes or published pricing
- Not built for small businesses or individuals
- Little public data on claims satisfaction for its commercial lines
Best for: Large U.S. companies and multinationals that need specialty or cross-border coverage placed through a broker.
Skip it if: You run a small or mid-sized business and want a quick online quote for a business owner's policy or workers' comp.
Allianz vs. competitors
| Company | AM Best rating | Main U.S. focus | How you buy | Next step |
|---|---|---|---|---|
| Allianz Commercial | A+ (Superior), March 2026 | Large corporate and specialty | Broker only | |
| Chubb | A++ (Superior), January 2026 | Small business to large corporate | Agents and brokers | Read review |
| Travelers | A++ (Superior), August 2026 | Small business to large corporate | Independent agents and brokers | Read review |
| The Hartford | A+ (Superior), July 2026 | Small and mid-sized business | Online, phone or agents | Visit site |
Allianz, step by step
Work with a broker
Allianz Commercial sells through brokers, so start with a commercial broker who places large or specialty accounts.
Submit underwriting data
Your broker sends exposure details such as revenue, locations, property values and loss history.
Risk review
Underwriters and, for some accounts, risk engineers review your operations before quoting.
Bind the program
You choose limits, deductibles and any global program structure, and the policy is issued by an Allianz carrier.
Claims and renewal
Report claims through your broker and review terms and pricing with other carriers at each renewal.
Which Allianz are you looking for?
Allianz is a German insurance group, and several separate Allianz companies sell in the U.S.:
- Allianz Commercial covers large companies and specialty risks. This review covers it.
- Allianz Travel Insurance (Allianz Partners) sells trip and travel medical plans to consumers. See our Allianz Travel Insurance review.
- Allianz Life Insurance Company of North America sells annuities and life insurance through financial professionals. See our Allianz Life annuities review.
Each has its own ratings, claims process and complaint record, so make sure a review you read is about the company you are buying from.
Allianz Commercial legitimacy and licensing
Yes. Allianz Commercial is part of Allianz SE, one of the world’s largest insurers. Its U.S. carriers, including Allianz Global Risks US Insurance Company, hold an AA rating with a stable outlook from S&P (affirmed June 2026) and an A+ (Superior) rating from AM Best (affirmed March 2026). Those ratings measure the ability to pay claims, not service quality.
The business wrote about $19.4 billion (€17.3 billion) in gross premium worldwide in 2025 and operates through its own offices in more than 70 countries, with partners covering more than 200 countries and territories.
What changed in the U.S. in 2024
Allianz completed the sale of its U.S. MidCorp and Entertainment insurance businesses, written by Fireman’s Fund companies, to Arch on August 1, 2024. Nearly 500 Allianz MidCorp and Entertainment employees moved to Arch, according to Arch’s announcement. If your business had a Fireman’s Fund or Allianz mid-market policy, your renewals and claims now run through Arch.
Allianz kept its large corporate and specialty business in the U.S. In practice, that means Allianz Commercial is now a fit for larger and more complex accounts rather than typical small or mid-sized companies.
What Allianz Commercial covers
Allianz Commercial lists these lines: aviation, construction, cyber, entertainment, financial lines (such as directors and officers), liability, marine, natural resources and property. It also offers alternative risk transfer, sustainability solutions, multinational programs, captive insurance services and risk consulting.
A multinational program pairs a master policy with local policies in each country, so subsidiaries abroad are insured in a way that meets local rules. This is the main reason large companies with overseas operations use Allianz.
Allianz Commercial cost
Allianz Commercial does not publish prices or minimum premiums. Premiums are set by underwriters for each account based on your industry, revenue, locations, loss history and the limits you buy, and quotes come through your broker. Ask your broker to market the account to several carriers, since large commercial pricing varies widely by insurer appetite.
Claims and complaints
Commercial claims with Allianz are usually reported through your broker, and large losses are handled by specialist adjusters for the line of business. Allianz Commercial does not publish claim times or satisfaction scores, and because its customers are businesses, there is little consumer review data to judge it by.
If you have a dispute about a U.S. policy, you can contact your state insurance department, which regulates the insurer that issued your policy. Check the issuing company name on your declarations page, since Allianz uses several U.S. carriers.
Alternatives to Allianz
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ChubbA global commercial insurer with an A++ AM Best rating that also writes smaller business accounts.
-
TravelersBetter for U.S. mid-sized companies, the segment Allianz sold to Arch.
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Better for small businesses that want online quotes for a business owner's policy or workers' comp.
Allianz reviews
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Frequently asked questions
Is Allianz a good insurance company?
Financially, yes. Allianz's U.S. commercial insurers are rated AA by S&P and A+ by AM Best. Service quality depends on which Allianz company you use, since Allianz Commercial, Allianz Travel and Allianz Life are run separately.
What is Allianz Commercial?
It is Allianz's business for insuring mid-sized companies, large enterprises and specialist risks, combining Allianz Global Corporate & Specialty with the commercial business of local Allianz insurers. In the U.S. it focuses on large corporate and specialty accounts.
Did Allianz sell its U.S. business insurance?
It sold its U.S. MidCorp and Entertainment business to Arch, completed August 1, 2024. Allianz kept its U.S. large corporate and specialty business.
Does Allianz sell small business insurance in the U.S.?
Not as a core product. Small business owners will find quotes faster with carriers such as The Hartford, Travelers or Chubb.
Is Allianz the same as Fireman's Fund?
Fireman's Fund was an Allianz company. Its mid-market and entertainment business went to Arch in 2024, so those policyholders now deal with Arch.
How do I get a quote from Allianz Commercial?
Through a commercial insurance broker. Allianz Commercial does not offer online quotes or publish prices.
Who owns Allianz?
Allianz SE, based in Munich, Germany, is the parent of Allianz Commercial, Allianz Partners (travel) and Allianz Life.
Is Allianz Travel Insurance part of Allianz Commercial?
No. Allianz Travel is sold by Allianz Partners and has its own review. Allianz Commercial insures businesses.
How do I file a claim with Allianz Commercial?
Report it to your broker, who will notify Allianz and help assemble documents. Check your policy for the insurer name and notice deadlines.
Sources (7)
Facts on this page come from company websites, government agencies and regulators, checked on the dates shown. Editorial standards
- Allianz Commercial: About us (accessed October 12, 2026)
- Allianz Commercial: Financial information and ratings (accessed October 12, 2026)
- Allianz Commercial: Allianz completes sale of U.S. MidCorp and Entertainment business to Arch (accessed October 12, 2026)
- SEC: Arch Capital Group 8-K exhibit, Arch Insurance acquires Allianz's U.S. MidCorp and Entertainment businesses (August 1, 2024) (accessed October 12, 2026)
- Bernews: AM Best affirms ratings of Chubb Group (January 2026) (accessed October 12, 2026)
- Earnings Whispers: AM Best affirms Travelers ratings (August 21, 2026) (accessed October 12, 2026)
- InsuranceNewsNet: AM Best affirms ratings of The Hartford (July 22, 2026) (accessed October 12, 2026)
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