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Allianz veteran leaving North America specialty


Allianz Global Corporate & Specialty North America said Tuesday that Art Moossmann will leave as president and CEO effective July 1 and will be succeeded by Bill Scaldaferri, both of whom have been with Allianz for 17 years.

In addition, Mr. Moossmann will leave as a board member effective Dec. 31, the unit of Allianz S.E. said in a statement.

Mr. Moossmann “has truly been the architect of what AGCS has built in North America,” Allianz Global Corporate Specialty S.E. CEO Chris Fischer Hirs said in a statement of the departing executive’s hand in the 2014 integration of Fireman’s Fund Insurance Co. “I am delighted he will continue to be available to support us until the end of 2017 and will work closely with Bill to ensure a smooth handover.”

Mr. Scaldaferri, who is also based in New York, will become president and CEO of the North America specialty operations effective July 1, while remaining chief underwriting officer of specialty lines with responsibility for the aviation, energy, entertainment and marine business, as well as for Allianz Risk Transfer Group, Allianz’s alternative risk transfer arm.

Allianz could not be immediately reached for comment on why Mr. Moossmann plans to depart.