Ciara Brady will become global head of liability of Allianz Global Corporate & Specialty from Jan. 1, 2019.

She is currently head of casualty treaty global and international at Swiss Re AG. Brady will succeed Michael Hohmann. Alfred Henneboehl, deputy global head of liability, will take charge of liability in the interim.

Additionally, Allianz Global Corporate & Specialty announced that it will split its alternative risk transfer line of business into two teams, effective Nov. 1.

The insurance-linked markets team will turn into a stand-alone line of business called capital solutions. It will be led by Richard Boyd, alternative risk transfer chief underwriting officer.

The corporate solutions, reinsurance and climate solutions groups will continue to be referred to as alternative risk transfer, and will be headed by Hohmann.