Munich-based Allianz Group's specialist corporate insurer Allianz Global Corporate & Specialty announced today that it is creating a dedicated Cyber unit in the United States as part of its financial lines portfolio.
Allianz has named Emy R. Donavan and Jenny Soubra national practice leaders, effective immediately. They report to Paul Schiavone, who is Allianz's regional head of Financial Lines for North America.
Based in San Francisco, Donavan and Soubra will lead a team tasked with developing and placing AGCS's first-ever U.S. Cyber and Specialty Professional Indemnity policy. Since 2013, AGCS has been offering a dedicated Cyber insurance product in Asia and Europe, followed by Canada in 2014.
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