Allianz
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CNP Assurances acquires the UK carrier’s life business in the market. -
Elizaveta Krieg will lead global property on an interim basis.
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The product will initially be available in the US, with scope to expand internationally at a later date.
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Kevin Hegel replaces Ayleen Frete, who becomes global head of practice management.
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The underwriter has led the unit on an interim basis since late 2020 following the departure of Lauren Bailey.
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Performance at AGCS deteriorated, with the unit reporting an operating loss of EUR482mn.
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The legacy company announces three recent appointments to its management team.
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Insider Hannah Tindal will move from Chicago to London to take the role of D&O head within the London regional unit and Nordic team.
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Benjamin Telling worked at AGCS since 2009 and has been an airline underwriter since 2017.
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Typical cat loss events trigger XoL reinsurance recoveries. It is not certain that this will.
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The carrier says it will back “climate-positive” technologies at the expense of carbon-intensive businesses.
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Costs outpaced the European benchmark rate change, but Covid loss negotiations have been deferred.
