RSA
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Richard Turner will run the carrier’s EEA subsidiary.
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The UK-based insurer now sources 9 percent of its £300mn aggregate reinsurance from the collateralised market.
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The carrier’s Canadian operations were the hardest hit by weather events.
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Chris Riley has held the role on an interim basis since May.
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The executive will replace Colin Bradbury on his retirement.
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The executive returns to Allianz to drive growth across the UK, Ireland, Dubai, Russia and the Nordic region.
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The new recruits are the first step in a strategic global expansion plan.
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Lauren Webb started her career as a professional indemnity writer at RSA.
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Other potential acquisitions being eyed by CEO Oliver Bäte include Zurich and QBE.
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Regulator has put the capitalisation of Enstar and RiverStone UK EL deals in focus. -
The insurer will funnel existing EU business into the entity through a Part VII transfer.
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The bidders are likely to include Aviva, Axa, Allianz and RSA.
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