Allianz
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QBE has “effectively stopped writing new business” in response to its New Caledonia loss.
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The executive has spent fewer than 12 months in post.
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Plus the latest people moves and all the top news of the week.
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Allianz’s group profits were up on stronger investment results.
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Crashes and collisions accounted for 63% of aviation insurance claims between 2019 and 2024.
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Both parties expect to close the transaction on 1 August 2024.
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A roundup of all the news you need today, including Enstar EU’s new CEO.
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The transaction will make Allianz the fourth-largest composite insurer in Asia.
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Vanessa Maxwell will remain global head of financial lines.
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The agreement provides £10mn of capacity in several marine lines of business.
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Scott Sayce will join on 1 September and report to David Harries, group director of underwriting.
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Browne joins from Allianz Global Corporate & Specialty, where he was head of specialty.
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