Allianz taps AIG leader for global commercial insurance role

The commercial insurance wing of global insurer  Allianz has hired a senior executive from AIG to lead its portfolio solutions business.

Allianz Commercial has appointed Claudia Valencia (pictured) as global head of portfolio solutions, effective from January 8, 2024. Valencia will be based in London, and report jointly to chief underwriting officer Shanil Williams and global head of distribution Jeremy Sharpe.

In a newly created role, Valencia will drive Allianz Commercial’s global strategy for portfolio solutions including Panels, Facilities, MGAs, Bancassurance and other forms of delegated authority.

Valencia joins from AIG where she was Latin America regional head of client and broker engagement based in New York. During her career, she has held a variety of internationally based underwriting and market facing leadership roles with AIG, Zurich and other leading insurers in London, Miami, New York and Colombia.

Williams said: “The Commercial and Specialty market continues to grow in this area and therefore the time is right to bring a coherent global strategy across all our business. Claudia has extensive global experience in both Underwriting and Distribution roles, and I am delighted to have her on board.”

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