Allianz resignations spark AGCS reshuffle
Allianz Global Corporate & Specialty SE (AGCS) has made a number of changes as its chief executive officer (CEO) is appointed to Allianz’s board.
Axel Theis, CEO of AGCS, has been appointed to the Allianz board of management with responsibility for the global industrial insurance business, credit insurance and the insurance business in Ireland and Great Britain. He succeeds Clement Booth who is stepping down from the Allianz board and retiring from Allianz.
Chris Fischer Hirs, the current chief financial officer (CFO) will take on the role of CEO of AGCS. Nina Klingspor, head of CEO office for Allianz, will become CFO of AGCS.
“AGCS has proven itself as a reliable partner for businesses around the world over the last eight years. This comes from the outstanding efforts of AGCS employees and the consistent loyalty of our clients and brokers worldwide, for which I would like to express my great appreciation,” said Theis.
“While I’m looking forward to continuing to be closely involved with the company in my new role, I know that I leave AGCS in Chris’s expert hands. With his extensive leadership experience and his deep knowledge of our clients and markets, he is ideally placed to lead the company successfully in the next phase of its development.”
Booth added: “AGCS has demonstrated the value of a global business model for global clients and brokers, fielding expert teams in all its key markets. Under Axel’s leadership, the company has developed as a centre of excellence for corporate, industrial and specialty risks, and is now a leading global business within the Allianz group’s Property & Casualty portfolio with great potential for the future.”
