Alliance will bring together commercial- and personal-lines capabilities for agents, insurers and embedded-distribution partners across the US, Europe and Asia.
Higher capital charges on the insurer's investments outpaced growth in its available capital, while cautious risk selection kept its agricultural book profitable.
The chief operating officer, who joined from Etiqa in 2019, takes charge on 1 October after running the insurer's bancassurance and financial adviser channels.
