Allianz Global Corporate & Specialty gets new North American CEO

Allianz Global Corporate & Specialty SE announced Tuesday that Bill Scaldaferri will be appointed chief executive officer for North America effective July 1, replacing Art Moossmann.

Moossmann “will hand over his leadership responsibility” for AGCS North America to Scaldaferri from July 1 “and will step down” from the commercial insurance carrier’s board of management Dec. 31, AGCS said in a release.

Scaldaferri, below left, “will continue as Chief Underwriting Officer Specialty lines with responsibility for the aviation, energy, entertainment and marine lines of business, as well as for Allianz Risk Transfer, in addition to his new North American role,” AGCS noted.

Moossmann “has had a distinguished career with Allianz stretching over 17 years, and has truly been the architect of what AGCS has built in North America,” stated Chris Fischer Hirs, CEO of Munich-based AGCS, in a release.

In North America, AGCS writes commercial property, liability, aviation and marine insurance, among other lines. In Canada, AGSC has offices in Toronto and Vancouver.

Moossmann, 60, was born in California and started his insurance career in 1977 as a senior underwriter for Talbot Bird & Company, where he worked until 1987. He then worked for 12 years at Guardian Royal Exchange – where he was president, international marine, from 1994 through 1999. From 1999 until 2004 he was president, marine for Fireman’s Fund Insurance Company.

As of Jan. 1. 2015, AGSC integrated the commercial p&c businesses of both AGSC and Fireman’s Fund under the AGCS brand. On April 1, ACE Ltd. (which was renamed Chubb Ltd. after it bought The Chubb Corp.) closed the purchase of the personal insurance business of fireman’s Fund from Allianz.

Scaldaferri, 48, was educated at Hofstra University in Hemstead, N.Y., where he earned a bachelor’s degree in banking and finance with a minor in business computer information systems.

Before joining Allianz Risk Transfer in 1999, his employers included Zurich – where his roles included senior reinsurance underwriter – and General Re, where his roles included assistant vice president and senior casualty underwriter.