Paul Schiavone joins Allianz Global Corporate & Specialty following its launch of financial lines coverage products.

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.

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