By Favour Nnabugwu
Allianz Global Corporate & Specialty (AGCS) has announced that Mike Martin has been appointed as Global Head of Property, effective May 16, 2022.
Within his new role, Martin will report directly to Chief Underwriting Officer Corporate, Shanil Williams. He will also succeed Maria Grace who left AGCS in late 2021, and will be based in AGCS’ Atlanta office.
Martin has over 35 years of experience in international property underwriting, most recently with AIG, where he currently serves as Chief Underwriting Officer – US Retail Property with responsibility for leading the property underwriting transformation strategy and driving technical excellence.
Prior to AIG, he held various insurance industry executive roles at Velocity Risk Underwriters, Liberty Mutual, XL, and Industrial Risk Insurers, including roles in the US, Bermuda, and Switzerland.
In addition, AGCS has also announced the promotion of Srdjan Todorovic as Head of Global Political Violence & Hostile Environment Solutions based in London. The unit is part of AGCS’s Property line of business and provides crisis management solutions to international companies which help them to respond to a number of situations, from terrorism and political violence to hostile environments.
Todorovic succeeds Björn Reußwig who leaves AGCS on July 1 to pursue interests outside of Allianz He joined AGCS in April 2015 as Head of Terrorism, Regional Unit London.
AGCS Board Member and Chief Underwriting Officer Corporate Shanil Williams, commented: “A warm welcome to Mike and congratulations to Srdjan. I’m very pleased to bring Mike into our underwriting leadership team with his international and North American experience, which reflects the diversity of our global portfolio. His combination of technical excellence in underwriting and a strong trading mentality will help us to growth profitably in Property in the years ahead, including in the strategically important North American market.
“Srdjan has established himself as an industry expert in the Political Violence & Terrorism segment and he is exactly the right person to continue to expand our services for clients as we broaden our Property insurance offering, building on Björn’s great work in this area. We all wish Björn well in his future career beyond Allianz