The Hanover expands financial institutions business with Allianz hire
US-based property/casualty insurer Hanover Insurance Group has hired Allianz Group's Kevin Leach to expand its financial institutions offering.
Leach most recently served as national product leader and deputy regional head for financial institutions at Allianz Global Corporate & Specialty (AGCS).
In his new role, Leach will be responsible for leading The Hanover's specialised insurance products and services for financial institutions. Under his direction, the company will offer total account solutions across both its commercial and specialty businesses, according to a corporate statement. In addition, The Hanover will offer top-tier risk solutions for targeted small and middle market financial institutions, including asset managers, regional banks and other financial services organisations.
"The expansion of our financial institutions capability reflects our ongoing commitment to continually enhance our suite of first-rate management and executive liability products and services to meet the needs of our agent partners," said Bryan Salvatore, president, specialty at The Hanover. "We are very pleased to have Kevin join our organization. He brings a wide breadth of skills and expertise, and will help us continue to support our agents' existing business and to expand our ability to acquire new business."
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
MS&AD seeks acquisitions, growth outside Japan
Hurricane Michael insured losses estimated at $8bn
Top UK, US insurtech firms revealed in InsurTech 100 global list
Former CEO Fonseca resurfaces as Brokerslink chairman
Liberty forms new global financial risk unit with LSM, Ironshore experts
RGA, RenRe backed Langhorne Re reveals CEO of US subsidiaries
Liberty makes senior hire from Ironshore in Europe
IGI appoints new chief actuary from Capsicum Re
Insurtech iX Technology appoints exec chair from Canopius
