Allianz
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Former Marsh broker Richard Green becomes regional head.
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When reinsurers are too big it is their cedants that can suffer, but when the buyers are too big it is the reinsurers that are squeezed by the asymmetrical relationship.
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She worked at Liberty Mutual, BP and Siemens before joining AGCS.
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The Allianz unit carves out a specialist ILS business to be led by Richard Boyd, who is now CUO of the alternative risk transfer business.
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Agostino Galvagni will step down at year end, and be replaced in April by Andreas Berger.
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He leaves AGCS after almost 10 years at the insurer.
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Liability cover and a separate D&O policy held by the bridge operator’s parent could also come into play.
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Allianz's interest in a deal with Nephila may fuel speculation that major insurers will start to acquire ILS managers.
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The German insurer joins The Hanover in support of Bascule Underwriting.
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The former Sberbank executive will be tasked with consolidating Allianz’s European direct business.
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Liberty Specialty Markets is the lead insurer on the Marsh-brokered policy.
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Lane’s downpours puts commercial property, auto and homeowners carriers at risk.
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