Allianz
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The former AGCS specialty CUO replaces Stuart Beatty, who will lead the reinsurance broking unit in the region.
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Ali Shahkarami will take on the newly created role and report to COO Bettina Dietsche.
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The executive will be North American reinsurance head for Allianz’s risk transfer division.
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The portfolio is understood to give Continental access to over $50mn of new business.
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Loeiz Limon-Duparcmeur replaces Chantal Schumacher, who moves to a role at parent Allianz.
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Current business is expected to go to London or Asia, with 23 local employees affected by the closure.
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Executives cite strong rate growth as they predict a 2021 AGCS combined ratio of 97 percent. -
Nine cedants including Allianz and Generali were involved in the pilot.
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The former AGCS marine chief will be managing director of Willis Re’s international customised reinsurance practice.
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Adam Lantrip, Sam Levine and Laura Burke have joined the new division.
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US liability claims deterioration is one of the reasons Allianz has not been more specific on its full-year profit guidance, the CFO said.
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Profits at AGCS grew 57 percent, while pricing momentum pushed up revenues at the unit up by 13 percent.
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