5 People on the Move
Allianz Global Corporate & Specialty Appoints Grant Maxwell to Global Head, Alternative Risk Transfer
Grant Maxwell has been appointed as global head of Alternative Risk Transfer at Allianz Global Corporate & Specialty (AGCS), reporting directly to AGCS SE board member and chief underwriting officer Corporate Tony Buckle.
Since February 2020, Maxwell has led the global Alternative Risk Transfer (ART) team on an interim basis.
AGCS’ ART line of business provides structured reinsurance solutions, including fronting solutions tailored to companies’ specific needs.
“I look forward to working with Grant and his team to further evolve ART’s client offering and global model,” said Buckle.
AGCS focuses on serving large, multinational companies.
As ART head of underwriting & portfolio management since May 2019, Maxwell originally joined AGCS in March 2008 and was regional head of ART for AGCS’ Regional Unit London and also head of ART deal management since February 2010.
IFIC Surety, a division of IAT Insurance Group, promoted Gary Leuck to senior vice president, commercial surety. Leuck has been with IFIC for more than 13 years and was previously vice president, underwriting.
“We are fortunate to have the continuation of leadership in Gary who has been part of our team for many years and truly appreciates and supports the value of our partners,” said Ken Chapman, executive vice president of surety.
“I look forward to working with Gary in his new capacity, and the exciting opportunities ahead for the Commercial Surety organization.”
IFIC is the largest privately-owned surety company in the industry, operating out of 20 regional locations throughout the United States.
Chubb Announces Three New Westchester Appointments
Chubb announced that Scott Meyer will succeed Bruce Kessler as senior vice president, Chubb Group and division president of Westchester, the company’s wholesale and excess and surplus lines insurance business.
As division president of Westchester, Meyer will have executive operating responsibility for the commercial property and casualty insurance business that serves the wholesale and E&S lines market, in the U.S. and Canada, through its brokerage, binding and programs segments.
Kessler will assume the role of chairman of Westchester, where he will remain active in the business and focus on key industry issues, strategic planning and as a senior advisor to Meyer during the transition.
In addition, Steven Goldman has been named successor to Meyer as vice president, Chubb Group and division president, North America financial lines. He will have executive oversight of Chubb’s management and professional liability lines of business, which spans public, private, not-for-profit and financial institution directors and officers coverages, transactional risk, as well as errors and omissions and cyber products.
Meyer’s and Goldman’s responsibilities will include oversight of strategy, product and business development, underwriting operations, and profit and loss performance for their respective divisions.
They will report to John Lupica, vice chairman, Chubb Group, president, North America major accounts and specialty insurance.
“Scott and Steve both bring extensive leadership, underwriting and P&L management experience to their new roles,” said Lupica.
“They are proven leaders in our company and will make an immediate impact in their respective businesses. Scott has done an excellent job building our financial lines business into the market leader it is today, which positions Steve well to further build upon those successes.” &