AGCS announces new appointments in North America

Allianz Global Corporate & Specialty SE (AGCS) has announced several new appointments as part of its transformation program, New AGCS. The program aims to regain profitability and market leadership in the corporate and specialty insurance segment.

Max Nussbaumer has been appointed senior vice president of operations for North America, overseeing all North American chief operating officer (COO) regions and reporting to AGCS COO Bettina Dietsche. In his new role, Nussbaumer will be responsible for the implementation of global COO priorities in the region. He will focus on digitalization across North America and compatibility with AGCS’s global IT model. Since 2010, Nussbaumer had served as managing partner of a management consultancy firm that he founded. He has also previously worked as a consultant for Allianz companies.

Joe Caruso will be promoted to regional head of financial lines. Caruso, who was formerly regional head of financial institutions, will transition to his new role on September 01. He will continue to develop AGCS’s portfolio in the US and Canada, which includes cyber, directors and officers and professional indemnity products.

Paul Schiavone, formerly regional head of financial lines, has been promoted to the newly created role of global industry solution director for financial lines. In this role, Schiavone will be responsible for driving solutions and expertise across all lines of business for financial institutions clients.

Rani Christie, currently head of sales and Southeast and North Zone executive, has been appointed to the newly created role of regional head of distribution. Christie will be responsible for business development, marketing and sales operations. He will also continue to spearhead various sales academy initiatives.

“I look forward to working with these well-respected professionals as we embark on this new phase of our business in the US and Canada,” said William Scaldaferri, North American CEO of AGCS. “This is an exciting time in AGCS’s history, and we are well positioned for the future with this exceptional team. Each executive brings strong expertise and market experience to their role, which will be instrumental in streamlining the organization to enhance distribution, product solutions and service to our North American clients.”

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