13 January 2015 Insurance

AGCS launches US financial line; Zurich exec to head

Allianz Global Corporate & Specialty (AGCS), Allianz’s specialist corporate insurer, has launched a suite of financial lines insurance products in the US.

Paul Schiavone has been appointed to the new role of regional head of financial lines North America.

Schiavone joins Allianz from Zurich US, where he was responsible for the private equity practice. Previously, he worked in the London office of Zurich General Insurance as the global chief underwriting officer for special lines.

Based in New York, Schiavone will develop AGCS’s financial lines business in the US, a market responsible for 60 percent of global financial lines premiums.

He will work alongside Hugh Burgess, regional head of corporate North America; Bernard Poncin, global head of financial lines; and Hartmut Mai, chief underwriting officer for corporate lines.

Schiavone will lead the North American team of existing professional indemnity (PI), directors and officers (D&O) and errors and omissions (E&O) teams in Canada as well as the professional liability teams coming to AGCS as part of the Fireman’s Fund Commercial integration.

“We are truly excited to have someone of Paul’s proven abilities and outstanding reputation to help us establish a North American financial lines team. By joining the existing groups in Canada with our Fireman’s Fund team, we have the opportunity to introduce an exceptional AGCS solution to our clients and brokers throughout North America,” said Burgess.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk