Sunday, February 5th, 2023

AGCS units sights on multinational insurance coverage

AGCS sets sights on multinational insurance

Allianz is seeking to broaden its attain from prospects within the world insurance coverage sector and deeper into multinational insurance coverage. Its worldwide company insurance coverage service, Allianz International 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 function a brand new market-facing crew, devoted investments in information and know-how, and expanded buyer companies. It would 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 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 crew and clear-defined regional duties. Present world head of product at AGCS Man Cash has been appointed world head of multinational enterprise. Jayesh Patel will lead the multinational market observe crew, working carefully with regional representatives and world and regional distribution groups to drive enterprise improvement in goal markets.

Karol Dobias will proceed to be chargeable for world 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 subject 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 total market management aspirations,” stated AGCS CEO Joachim Mueller.

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