Allianz
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Sang Hun Park previously spent nine years at Allianz before joining Munich Re as a senior origination manager in August 2021. -
The German carrier will increase the attachment point on its US coverage by 50% to $300mn.
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Allianz Global Corporate & Specialty (AGCS) is adding five new roles dedicated to ILS alongside an expansion of the ART team.
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The unit will aim to grow captive solutions and structured solutions.
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She succeeds William Mills, who left his role as group head of ceded re and third-party capital for Allianz.
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William Mills was most recently group head of ceded reinsurance and third-party capital at Allianz.
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Thorsten Fromhold has been appointed to the new role of chief group reinsurance buyer.
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The third-party business brings in around EUR1.8bn ($2bn) of Allianz Re’s portfolio.
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A case against Fireman’s Fund reversed an earlier decision that Covid-19 cannot cause physical damage.
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The varying treatment of the flood losses raises questions over how the industry should define flood events.
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The executive has worked for Beazley for almost 16 years.
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M Best affirmed its rating of A on the Leadenhall-affiliated platform, which it said plans to increase open market business to take advantage of rising rates.
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