AGCS names new distribution head for North America

Allianz Global Corporate & Specialty (AGCS) has announced the appointment of John Gambale as regional head of distribution, North America, large corporate. The appointment is part of a reorganization of the company’s distribution team in North America to support large corporate business expansion. Gambale will be based in New York and will report to Bill Scaldaferri, CEO and president of AGCS North America. Rani Christie, formerly regional head of distribution, sales and marketing for North America, will lead the middle market division.

Gambale joins AGCS from AIG, where he held various leadership roles over the past 23 years, most recently serving as president of the company’s Northeast Zone. Prior to taking that position, Gambale held various local and national leadership positions with AIG Financial Lines. He began his insurance career at Swiss Re.

“I am pleased to welcome John to AGCS, as this is the next step in our evolution and a refinement of our focus to capture growth opportunities both in the large corporate and middle market arenas,” Scaldaferri said. “We have strong momentum, and by redeploying resources, we are driving more meaningful and productive engagement, honing our expertise and articulating our focus toward two very distinct yet crucial market segments.”

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AGCS North America contributes about half of the overall AGCS global premium of $9.6 billion. It is focused on traditional property-casualty and specialty lines, including aviation, corporate property, entertainment, energy and construction, financial lines, marine, and select liability lines. The company also offers alternative risk transfer services for the large corporate segment and a dedicated MidCorp capability.

“John has a tremendous reputation in the marketplace as a results-oriented professional,” Scaldaferri said. “At the same time, I am very happy that Rani will focus his talents on growing and optimizing our middle market division, which is a critical growth segment for the company.”