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The underwriter is to run a new fine art and specie operation.
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Fridays in the office will be the toughest nut to crack.
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Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
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Newly appointed CEO Chris Jones also joins the board.
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Charles De Bar leaves Allianz after four years with the carrier.
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Sources expect it to be a couple billion-dollar insurable market.
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The Applied Underwriters unit has been building out its product base in the London market.
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Chris Gray joins from Axis, where he was global head of marine reinsurance.
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Judith Zeleny brings over 35 years’ experience to the role.
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Technical pricing is insufficient in some areas and inflation is biting into margins.