Allianz appoints Zurich's Glaucia Smithson as AGCS South America CEO

Allianz Group's corporate insurance carrier has appointed new regional leader for its South American business from Zurich.

Glaucia Smithson will join Allianz Global Corporate & Specialty (AGCS) as CEO of South America, succeeding Angelo Colombo who will leave the company later this year.

Smithson joins AGCS Brazil from Zurich Brazil, where she was head of commercial insurance, corporate life and pensions, as well as CEO of Zurich Reinsurance Brazil. In her more than 10 years with Zurich in both the UK and Brazil, she held increasingly senior underwriting roles, including head of commercial lines and chief underwriting officer. Prior to that, she spent five years in London with broker Willis Towers Watson.

In her new role, Smithson will report to chief regions and markets officer Sinéad Browne in London.

Based in São Paulo, she will lead the company strategy for AGCS Brazil, targeting profitable growth in the country and other key South American markets such as Chile, Argentina or Colombia.

Browne said: “I am delighted to have Glaucia joining AGCS to lead our team in South America, one of our key growth markets. She brings with her more than 20 years experience in our industry, both locally in Brazil and in the international environment, and has the strategic perspective and growth-focused approach that will help us to build on the success we have had in Brazil and the wider South American region to date.

"I would also like to thank Angelo for his strong leadership track record in the past few years. He was the key figure in launching and expanding our business in South America and has built a strong team on ground.”

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