(Image source: AGCS homepage).
Allianz Global Corporate & Specialty (AGCS, New York), Munich-based Allianz’s corporate insurance carrier, has announced that Peter Kiernan has joined as Head of North American Reinsurance in its Allianz Risk Transfer (ART) division.
Based in Bermuda and reporting to ART Chief Underwriting Officer Richard Boyd, Kiernan is responsible for supporting the business sourcing activities backed by PIMCO ILS and Allianz Re capacity. He was most recently the Chief Underwriting Officer and President of Axis Re Bermuda.
“We are delighted to welcome Pete to the team,” comments Boyd. “He brings a wealth of portfolio management, underwriting and relationship management experience, which will be instrumental to supporting our North American ART clients and expanding our business in the region.”
Kiernan was previously head of U.S. Property for PXRE Reinsurance Limited, Bermuda and holds a Bachelor’s degree in Finance from Iona College.