AGCS units sights on multinational insurance coverage

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Allianz is seeking to develop its attain from prospects within the world insurance coverage sector and deeper into multinational insurance coverage. Its worldwide company insurance coverage service, Allianz Global Corporate & Specialty (AGCS), will meet the rising demand for cross-border protection from massive and medium-sized corporations, adjusting to the complexities of the brand new market with substantial adjustments to its construction and technique.

The AGCS multinational set-up will function a brand new market-facing workforce, devoted investments in knowledge and know-how, and expanded buyer companies. It can even combine the well-established AGCS captive options workforce led by Brian McNamara to serve prospects with a broad vary of companies from conventional, multi-line world packages to captive fronting and reinsurance and hybrid combos of conventional and various danger switch.

The multinational enterprise can be steered by an enhanced management workforce and clear-defined regional duties. Current world head of product at AGCS Guy Money has been appointed world head of multinational enterprise. Jayesh Patel will lead the multinational market follow workforce, working intently with regional representatives and world and regional distribution groups to drive enterprise growth in goal markets.

Karol Dobias will proceed to be answerable for world requirements, efficiency monitoring, and steering within the enterprise excellence unit. Melanie Windirch will oversee the supply of native companies throughout all community nations as head of community administration, whereas Nigel Leppitt will oversee the multinational transformation program.

AGCS has additionally moved administration board accountability to the areas and markets discipline led by Henning Haagen, who oversees market-facing actions, together with distribution.

“With our new technique and set-up, built-in with the community power of Allianz Group, we’re well-positioned to seize new enterprise on this subtle section of company insurance coverage. This ambition could be very a lot according to our general market management aspirations,” stated AGCS CEO Joachim Mueller.

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