Allianz
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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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The former deputy CFO for the region replaces Renate Wagner.
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The formation of the $470mn P&C and life reinsurer was announced last week. -
Air crashes and faulty workmanship were the next most expensive sources of losses, according to an AGCS analysis spanning five years.
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Bermuda-based Enhanzed Re will assume both non-life and life risk.
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The European carriers’ Chinese expansion coincides with a relaxation of financial sector ownership rules.
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Demand for larger limits is also increasing, with a race among brokers to place $1bn in limit.
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Shares in the Munich-based carrier close down on concern the group is gearing up for large-scale M&A.
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