Allianz Global Corporate & Specialty (AGCS) on Monday announced the launch of its suite of financial lines insurance products in U.S. markets. Paul Schiavone has subsequently been named to the new role of regional head of financial lines North America.
Schiavone will work to develop AGCS's financial lines business in the U.S., a strategically important market, which is responsible for 60% of global financial lines premiums. He will work closely with regional head of corporate North America, Hugh Burgess; global head of financial lines, Bernard Poncin; and chief underwriting officer for corporate lines, Hartmut Mai.
In his new role Schiavone will lead the North American team of existing professional indemnity, directors and officers and errors and omissions teams in Canada, as well as the professional liability teams coming to the company as part of the Fireman's Fund Commercial integration.
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