Allianz
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London-based D&O writers have “woken up” to the threat of creeping claims frequency and severity, sources said. -
Legal discussions between the carriers relate to the $110mn hull payout for the Boeing 777 airliner.
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In an interview, Giulio Terzariol says any asset management acquisitions would have to provide something the German carrier lacks.
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Allianz Global Corporate & Specialty has appointed HartMut Mai head of regional business in central and eastern Europe, Mediterranean and Africa.
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Shares in the potential suitor are unmoved, while DWS closed up about 9 percent.
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Soubra joined in February, having left Allianz Global Corporate & Specialty.
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Claudia Salem was previously Singapore CEO and head of southeast Asia at the US insurer.
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The legacy carrier and ART Bermuda will each assume a 50 percent quota share of construction defect losses incurred by Amerisure.
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The injection takes the size of Allianz X’s fund to $1.1bn.
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AGCS swings $9mn back into the black in the period as both the loss and expense ratios improve.
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Dye replaces retiring UK director Ball.
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