Marine
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The International Group originally notified reinsurers of a $115mn loss. -
Samantha Constantinou has joined the carrier’s ocean marine team in New York.
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The broker will work to develop Aon’s global yacht book.
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Karey Vaught has joined Alliant as an executive vice president, serving US energy and marine clients.
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The experienced figure formerly worked at AmTrust, Swiss Re Corporate Solutions and Aon.
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The team is led by Graham Gardner and will operate from Seattle and Oregon.
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Michael McKenna said US carriers must ensure rates and placement terms are sustainable.
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The move by the insurer accompanies a decline in marine capacity at the marketplace.
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The mutual said the rise was necessary to ensure financial stability amid rising claims.
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The Fleet UK product is distributed around 600 brokers and combines risk management services, with telematics and fleet analysis.
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The retreat comes as Allianz as it seeks to return its US P&C arm to profitability.
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Thomas Ptacek joins the broker’s marine business from Marsh.
