Allianz launches North America transportation, logistics unit

Allianz Global Corporate & Specialty, Allianz S.E.’s specialist corporate insurer, has launched a transportation and logistics unit in North America.

The New York-based operation will offer rail, motor truck cargo, warehouse and related property coverage. It will be part of the Inland Marine division, which serves clients ranging from local haulers and warehouse operations to logistics firms and large international carriers, Allianz Global said in a Monday statement.

The division will be led by Helen Leonard, who will remain inland marine global product leader. Samuel Rizzitelli will be transportation product lead. Previously, Mr. Rizzitelli was vice president/director of inland marine transportation for The Travelers Cos. Inc., according to the statement.

“As a leader in the inland marine space, AGCS understands the spectrum of challenges faced by transportation and logistics companies, and our underwriters and claims professionals will focus on delivering real-time solutions needed to perform in this rapidly growing sector,” Ms. Leonard said in the statement.