Allianz (AGCS) targets multinationals with new team, investments

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Allianz is aiming to expand its business from the global insurance program sector to serve more large multinational customers, and to this end has set up a new team within its international corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS).

The move, which also includes dedicated investments in data and technology and expanded customer service, will help Allianz to meet the increasing demand from large and medium-size companies needing cross-border coverage, the company explained.

To support multinational customers, AGCS has moved the Management Board responsibility to the ‘Regions and Markets’ area led by Henning Haagen, who oversees market-facing activities including distribution.

The new AGCS Multinational set-up also includes a strengthened global leadership team and enhanced regional responsibilities.

Global Head of the new Multinational Business team will be Guy Money, who currently serves as Global Head of Product at AGCS.

The established AGCS Captive Solutions team, led by Brian McNamara, will also be integrated into the Multinational business to provide a range of services from traditional, multi-line global programs to captive fronting and reinsurance as well as hybrid combinations of traditional and alternative risk transfer.

“With our new strategy and set-up, integrated with the network strength of Allianz Group, we are well positioned to capture new business in this sophisticated segment of corporate insurance. This ambition is very much in line with our overall market leadership aspiration”, said AGCS Chief Executive Officer Joachim Mueller.

Further key leadership appointments in the new AGCS Multinational team include Jayesh Patel who is leading the Multinational Market Practice Team, and will work with AGCS’ global and regional distribution teams to drive business development in target markets.

Karol Dobias remains in charge of the Business Excellence unit responsible for global standards, performance tracking and steering.

The Network Management Team is overseen by Melanie Windirsch, who is responsible for delivering local services across all network countries, and Nigel Leppitt will oversee the Multinational transformation program

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