The Bermuda-based insurer launches Flywheel Re, a sidecar that will add capacity for Accelerant and its MGA partners. It will accept investment capital via quota share agreements.
Allianz Global Corporate & Specialty (agcs.com) hires Anthony Tramonte as head of marine for AGCS Canada, based in Toronto, overseeing domestic inland and ocean marine and supporting development and execution of global marine strategy. He joins from Swiss Re Corporate Solutions.
Shuttering as of year-end, despite recent acquisition agreements and new bid for Signify Health. Amazon’s other healthcare projects aren’t affected.
Hires Jeff Duncan as EVP for commercial lines, based in Boston. He moves from Liberty Mutual and replaces Bruce Sanderson, who was appointed EVP for North American field operations.
Hires Jessica Snyder as president for U.S. insurance, a newly created position. She moves from GuideOne.
Promotes Chris Lee to head of E&S property insurance, replacing Kyle Burnett, who moved to Swiss Re.
Restructures large commercial property and Canadian and E&S property teams to form unified North American Commercial Property Team. Four regional hubs will serve local brokers: Central Region, headed by Robert Sadler, based in Chicago (he moves from Ironshore); Northeast, headed by Ashley Irwin in New York; Southeast, headed by Reid Jaffe, based in Atlanta; and West, headed by Tim Carlin, based in San Francisco. The latter three are internal moves. >> Shifts delivery of Weather Guard product to online broker portal created in partnership with MGA Paragon.
Introduces executive and professional coverage in Switzerland and hires Christoph Kammermann as lead of these lines. He moves from Liberty Specialty Markets in Zurich. >> Enters commercial hull segment in Australasia and hires Jake Hesson as marine underwriting manager. He moves from QBE.
Buys Dealer Risk Services, a group captive insurance program specializing in automobile dealerships and based in Florida.
This new MGA was launched in August with help from NuVenture, which incubates and supports MGAs in the United Kingdom. It focuses on product recall insurance and is headed by Neil Evans, who founded BluNiche after leaving Talbot Underwriting. It is NuVenture’s third MGA and is backed by capacity at Lloyd’s by Chaucer Syndicate 1084.
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