Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, has announced the appointment of Glaucia Smithson as Chief Executive Officer (CEO) of South America.
From August 12th, Smithson will succeed outgoing regional leader Angelo Colomo, who is due to leave AGCS in the Autumn.
Based in São Paulo, Smithson will lead the company strategy for the AGCS reinsurance carrier Allianz Global Corporate & Specialty Resseguros Brasil S.A. (AGCS Brazil), targeting growth in Brazil and other key South American markets such as Chile, Argentina and Colombia.
She joins AGCS Brazil from Zurich Brazil, where she was Head of Commercial Insurance, Corporate Life and Pensions, as well as CEO of Zurich Reinsurance Brazil.
During her 10-year career with Zurich in both the UK and Brazil, Smithson held increasingly senior underwriting roles, including as Head of Commercial Lines and Chief Underwriting Officer.
Prior to Zurich, she also spent five years in London with global broker Willis Towers Watson.
In her new role, Smithson will report to Chief Regions and Markets Officer Sinéad Browne in London.
“I am delighted to have Glaucia joining AGCS to lead our team in South America, one of our key growth markets,” said Browne.
“She brings with her more than 20 years experience in our industry, both locally in Brazil and in the international environment, and has the strategic perspective and growth-focused approach that will help us to build on the success we have had in Brazil and the wider South American region to date.”
“I would also like to thank Angelo for his strong leadership track record in the past few years,” Browne added. “He was the key figure in launching and expanding our business in South America and has built a strong team on ground.”
AGCS Brazil was established in 2013 and is headquartered in São Paulo. It covers a range of corporate risks, including property, liability, engineering, financial lines, marine, energy and aviation.
The business unit South America employs about 50 staff and contributed approximately €100 million in gross written premiums to the overall AGCS premium volume of €8.2 billion in 2018.