Former AIG exec Iglesias named Allied World North America president

Allied World Assurance Co. Holdings A.G., based in Zug, Switzerland, has named Lou Iglesias president of Allied World North America.

Mr. Iglesias, currently president for Allied World's U.S. property and casualty group, will succeed Gordon Knight, who is retiring at the end of January, the insurer announced in a statement Thursday.

Before joining Allied World, Mr. Iglesias worked for 18 years for American International Group Inc. in various management positions, including as CEO for AIG's commercial casualty division, as well as president at different times of AIG's risk management, environmental and construction groups.

In his new position, Mr. Iglesias will oversee profitability, production and distribution for all lines of business, including the property/casualty and professional lines books, according to the statement.

“Lou has been a great addition to the Allied World team,” Scott Carmilani, president and CEO of Allied World, said in the statement. “His industry experience, technical expertise and commitment to prudent underwriting have earned him an exceptional reputation in the market. I am immensely confident in his abilities, and I look forward to working with him closely to continue building our North American franchise in the coming years.”

Mr. Iglesias is based in New York.