The Ticker

Hires former New Hampshire insurance commissioner John Elias as SVP and chief underwriting officer, based in Westbrook, Maine. He replaces David LeBlanc, who was promoted to president in October 2019.

Was first to publicly waive all cost sharing for in-network inpatient care related to COVID-19 for commercially insured members. It additionally waived advance approval requirements in states under emergency conditions, such as New York.

Allianz Global Corporate & Specialty (agcs.com) hires Peter Kiernan as head of North American reinsurance in risk transfer division, based in Bermuda. Will support alternative capital sourcing backed by Allianz subsidiary Pimco ILS and Allianz Re. He moves from Axis Re Bermuda, where he was president and chief underwriting officer. >> AGCS creates chief data officer post and promotes Ali Shahkarami into that role, reporting to COO Bettina Dietsche. AGCS Data Solutions & Architecture team reports to Shahkarami. >> Allianz Australia hires Tara Laybutt as chief risk officer. She joins from Deloitte Australia, where she was partner for risk advisory. She succeeds Lori Callahan, who is retiring.

Hires Jon Srna as CEO. He moves from Madison Mutual, where he was COO.

Quitting Indonesia market. Selling PT Astra Aviva Life to partner owner. Close expected in Q4.

Promotes Beth Diamond to group head of claims, Steven Chang to global head of complex claims, and Kati Bynon to global claims team leader for healthcare.

Buys majority stake in Multi-Strat Holdings, a specialty reinsurance company headquartered in Bermuda writing prospective and retrospective casualty reinsurance. Working with investment broker partners, it places casualty insurance-linked securities with alternative investors. Its reinsurance and capital advisory teams operate through its Bermuda-based Class 3A segregated accounts company and insurance agency as well as its Vermont protected cell company, Garden Insurance. Multi-Strat chairman and CEO Bob Forness and team are joining Canopius, and Multi-Strat will continue operating autonomously under its own brand.

Waives all testing and out-of-pocket treatments costs for COVID-19. Applies to out-of-network care as well. Providers will receive in-network or Medicare rates. Waiver in effect through May 31.

Mahmood Khan hired as SVP and chief information security officer. He was most recently managing director of cyber security at United Airlines.

Promotes Don Mango to Everest Group chief risk officer and chief actuary. He succeeds Tom Passante, who will remain a key senior leader in global enterprise risk management, reporting to Mango. Cameron Vogt replaces Mango as global head of actuarial pricing and modeling for insurance division.