Allianz poaches its new global cyber head from rival AXA
01-06-2021
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Scott Sayce will join AGCS in September 2021 in a dual leadership role for AGCS’s cyber underwriting business and the Cyber Center of Competence for Allianz Group.
He will steer AGCS’s cyber underwriting business, reporting to Shanil Williams, Global Head of Financial Lines, and will also lead the group-wide Cyber Center of Competence of Allianz which is embedded into AGCS.
He will succeed Dr. Catharina Richter, current Global Head of Cyber Center of Competence for AGCS and Allianz Group, who will move to a new role within Allianz Group, which will be confirmed in due course.
Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz January 27, 2021
There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance.
A trio of Covid-19 related risks business interruption, the pandemic outbreak and cyber incidents heads up the 10th Allianz Risk Barometer 2021, reflecting potential disruption and loss scenarios companies are facing in the wake of the coronavirus pandemic.
Business interruption (#1 with 41% responses) and pandemic outbreak (#2 with 40%) are this year’s top business risks with cyber incidents (#3 with 40%) ranking a close third.
The annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS) incorporates the views of 2,769 experts in 92 countries and territories, including CEOs, risk managers, brokers and insurance experts. The barom
Tobias Nanda to Lead Brands Team
Tobias Nanda to Lead Brands Team
Boston, Jan. 25, 2021 Gordon Brothers, the global advisory, restructuring and investment firm, has named Tobias Nanda as President of Brands.
Based in Boston, Nanda is responsible for developing and executing Gordon Brothers’ brand investment strategies through acquisition and lending in all global markets. He has nearly 20 years of experience leading deals, serving on boards of directors and actively working with management teams in private equity to develop and implement their corporate growth strategies.
Prior to leading Gordon Brothers’ brand investment strategies, Nanda held senior positions at several private equity firms and was Vice President of GB Merchant Partners at Gordon Brothers. He is a former board director of global brands and branded retailers in the U.S., U.K. and EU.
Freddie Mac Multifamily 2021 Outlook Projects Rebound in Origination Volume Boosted by Smaller Markets
Freddie Mac Multifamily 2021 Outlook Projects Rebound in Origination Volume Boosted by Smaller Markets
MCLEAN, Va., Jan. 25, 2021 Freddie Mac (OTCQB: FMCC) projects that overall multifamily origination volume will rebound in 2021, growing to $340 billion by year-end as the economy is boosted by another federal stimulus package. The recovery is supported in part by growth in smaller metropolitan markets, like Phoenix and Tampa, with larger cities expected to recovery more gradually. The overall market is bolstered by sustained demand for multifamily properties as investors take the long-view of rents and vacancies, which although temporarily impacted by the pandemic are expected to rebound in a move toward reestablishing the trends of the past decade, according to the report.