Allianz is seeking to develop its attain from prospects within the international insurance coverage sector and deeper into multinational insurance coverage. Its worldwide company insurance coverage provider, Allianz World Company & Specialty (AGCS), will meet the growing demand for cross-border protection from massive and medium-sized firms, adjusting to the complexities of the brand new market with substantial modifications to its construction and technique.
The AGCS multinational set-up will characteristic a brand new market-facing crew, devoted investments in knowledge and know-how, and expanded buyer companies. It can additionally combine the well-established AGCS captive options crew led by Brian McNamara to serve prospects with a broad vary of companies from conventional, multi-line international applications to captive fronting and reinsurance and hybrid combos of conventional and different danger switch.
The multinational enterprise might be steered by an enhanced management crew and clear-defined regional duties. Present international head of product at AGCS Man Cash has been appointed international head of multinational enterprise. Jayesh Patel will lead the multinational market apply crew, working carefully with regional representatives and international and regional distribution groups to drive enterprise growth in goal markets.
Karol Dobias will proceed to be chargeable for international requirements, efficiency monitoring, and steering within the enterprise excellence unit. Melanie Windirch will oversee the supply of native companies throughout all community international locations 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 area led by Henning Haagen, who oversees market-facing actions, together with distribution.
“With our new technique and set-up, built-in with the community energy of Allianz Group, we’re well-positioned to seize new enterprise on this refined section of company insurance coverage. This ambition could be very a lot according to our general market management aspirations,” stated AGCS CEO Joachim Mueller.