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The executive will step into her new position on November 28 and will report to Andrew Shaw, the company’s lead property underwriter.
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Baltesar worked for Hiscox Re and ILS before joining Credit Suisse ILS in 2019.
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The executive will help grow the insurer’s presence in the region and support the office’s overall operations and strategy.
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William Mills was most recently group head of ceded reinsurance and third-party capital at Allianz.
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Thorsten Fromhold has been appointed to the new role of chief group reinsurance buyer.
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Martina Müller-Kamp will sit on the board of Twelve Capital’s holding company, while Caroline Clemetson and Andreas Knörzer join the board of Twelve Capita’s investment manager.
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The appointments to the board begin with immediate effect.
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The Bermudian reinsurer said both appointments are effective January 1, 2023.
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The broker-dealer said it would continue focusing on secondary trading activities.
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Former Ariel Re executive Edouard von Herberstein was one of the founding team at HSCM and is leaving to pursue other opportunities.
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The third-party business brings in around EUR1.8bn ($2bn) of Allianz Re’s portfolio.