Allianz Global Corporate & Specialty (AGCS) has promoted Anthony Vassallo to head of energy and construction for its London and Nordics region.
He succeeds Tracey Hunt who is leaving for an external opportunity outside the Allianz group.
Mr Vassallo was previously regional lead, onshore energy for the regional unit London and Nordics at AGCS.
He will now lead the firm’s energy and construction business across the UK, Ireland and Nordics, focusing in part on delivering future solutions for a key risk area.
He will report to Alfredo Alonso, managing director regional unit London and Nordics, with an additional reporting line to AGCS’s global head of energy and construction.
Mr Vassallo remains based in the insurer’s London office.
“Anthony is well known and respected in our markets and under his leadership, our energy and construction team’s expertise and knowledge is perfectly placed to respond to the fast-growing exposures of modern businesses. His range of specialty experience and knowledge supports our focus on underwriting discipline, technical excellence and portfolio management,” said Mr Alonso.