Paul Schiavone has been appointed as global head of Allianz Global Corporate & Specialty’s Alternative Risk Transfer (ART) business, taking over from Bill Guffey who is leaving Allianz for other opportunities after 15 years at the company.
Laura Coppola takes over from Schiavone as regional head of Financial Lines for AGCS North America.
Schiavone will remain based in New York. ART focuses on corporate, industrial and financial clients facing unusual or complex risks, where traditional (re)insurance and financial products are inadequate, including specialty insurance fronting solutions, weather insurance, catastrophe bonds and specialty reinsurance coverage. In addition to his new ART responsibilities, Schiavone will continue to oversee long tail lines of business for AGCS North America as regional head of Corporate (Liability and Financial Lines).
Prior to joining AGCS in 2015, Schiavone was based in London as global chief underwriting officer for Special Lines, Zurich General Insurance. He has 20 years of experience in the insurance industry, prior to which he trained as a lawyer.
Coppola, who is currently AGCS’s North American regional head of Management Liability Commercial, takes over from Schiavone as regional head of Financial Lines for AGCS North America, and will remain based in New York. In her previous role, she was responsible for underwriting of management liability products for public and private commercial customers in the U.S. and Canadian markets. She has 20 years’ experience in senior and executive underwriting positions in management liability insurance.