Allianz
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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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The system will cut claims handling times by 30 minutes.
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Pimco has hired former Mt Logan Re CEO Rick Pagnani to front its move into the space.
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The carrier received regulatory approval for the new Indian operation in 2018.
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The sale marks another step in the insurance holding company’s strategic review process.
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Claire McDonald joins the specialty insurer from AGCS.
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