Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Lou Iglesias has been appointed President for Allied World North America. Mr. Iglesias is currently President, U.S. Property & Casualty. He succeeds Gordon Knight who is retiring at the end of the month and who held the position since 2008. Mr. Iglesias has been part of the succession plan to follow Mr. Knight since joining the company in 2012.
Mr. Knight oversaw the transformation of Allied World’s U.S. operation into a specialty, middle market carrier that more than doubled in size during his tenure. He will remain on in an advisory capacity to the company, and has entered into a related five-year Employment/Consulting Agreement.
In his new role, Mr. Iglesias will oversee profitability, production and distribution for all lines of business including the Property & Casualty and Professional Lines books across Allied World’s 11 offices throughout the U.S. and Canada.
President and Chief Executive Officer Scott Carmilani commented, “Gordon has been a vital part of Allied World’s leadership team for the past six years. He built a specialty franchise in the U.S., diversifying our portfolio and distribution channels, and doubling our book of business. I am personally grateful for his service, and I look forward to continuing to work with him.”Mr. Carmilani continued, “Lou has been a great addition to the Allied World team. His industry experience, technical expertise and commitment to prudent underwriting have earned him an exceptional reputation in the market. I am immensely confident in his abilities, and I look forward to working with him closely to continue building our North American franchise in the coming years.” Mr. Iglesias has almost 30 years of experience in the insurance industry. Prior to joining Allied World, Mr. Iglesias spent 18 years at American International Group (AIG) in varying management positions, including: CEO for Commercial Casualty, President for the Risk Management Group, President for AIG Environmental and President of AIG Construction. Prior to AIG, Mr. Iglesias worked at Travelers and Reliance insurance companies. He holds a degree in Business Management from the State University of New York at Fredonia and holds both CPCU and ARM designations.