Allianz S.E.’s specialist corporate insurer, Allianz Global Corporate & Specialty S.E., said Thursday that David Warfel has been named head of aviation for North America, effective Oct. 1.
Based in New York, Mr. Warfel previously was head of major risks for aviation at Allianz Global Corporate & Specialty for more than five years. He replaces Mike Hansen, who was promoted to global head of aviation earlier this year.
Mr. Warfel will report directly to John Barnwell, regional head of specialty lines for North America.
Germany-based insurer Allianz S.E. said it will enter into a joint venture with U.K.-based Liverpool Victoria Insurance Co. Ltd. to create a property/casualty insurance unit in the United Kingdom, CNBC reported. Allianz will hold a 49% stake in the JV's general insurance business in exchange for more than £500 million ($657 million) in a deal that is expected to close in the second half of the year. Allianz will pay a further £213 million for an additional 20.9% stake in 2019.