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Allianz Hires Zurich’s Schiavone for U.S. Financial Unit

Allianz SE hired Zurich Insurance Group AG’s Paul Schiavone to oversee financial products in the U.S. and Canada as Europe’s largest insurer builds its commercial business in North America.

Schiavone, 46, was named regional head of financial lines in North America for Allianz Global Corporate & Specialty, the Munich-based firm said today in a statement. He’ll work out of New York.