Allianz
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Both parties expect to close the transaction on 1 August 2024.
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A roundup of all the news you need today, including Enstar EU’s new CEO.
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The transaction will make Allianz the fourth-largest composite insurer in Asia.
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Vanessa Maxwell will remain global head of financial lines.
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The agreement provides £10mn of capacity in several marine lines of business.
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Scott Sayce will join on 1 September and report to David Harries, group director of underwriting.
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Browne joins from Allianz Global Corporate & Specialty, where he was head of specialty.
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Jason Howes has also been promoted to chief transformation officer.
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Premium income was down due to lower volume in financial lines and alternative risk transfer.
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The news follows an announcement from the MGA last week that it has taken a Lloyd’s box.
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Ulrich Kadow will become global head of product management and underwriting transformation.
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Environmental activism and terrorist activity are also set to rise.
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