AGCS hires former underwriter from Castel Specialty for product recall role

Allianz Global Corporate & Specialty (AGCS) has expanded its crisis management team with the appointment of Stewart Eaton to the role of head of product recall for regional unit London (RUL), effective immediately.

Reporting to Tim Galloway, AGCS regional head of liability, Eaton will manage the product recall book and will help to drive new business throughout the region.

Eaton most recently served as class underwriter at Castel Specialty, where he was responsible for writing product recall business.

Prior to this, he served as head of line and class underwriter for contaminated products at Sagicor at Lloyd’s. He started his career at AIG in a number of underwriting.

Galloway said: “We continue to expand our coverage and expertise to provide comprehensive product recall protection. Stewart, with his extensive experience in Product Recall and Contaminated Products Insurance will further enhance our underwriting and servicing capabilities.”

Christof Bentele, head of global crisis management at AGCS, added: “Stewart is one of the few specialists in the product recall market. Having someone with his level of experience and expertise, to both manage and grow the book is an exciting prospect,”

“Product Recall is a huge area and Stewart and his team will focus on a range of recall risks across industries including food and drink, automotive, pharmaceutical and consumer durables. Clients will benefit from a market leading capacity, a 24/7 response consultancy service provided by our strategic partner red24 and the reassurance that comes with having a product that provides real balance sheet protection as well as brand reputation cover, should the worst happen.”