1 December 2021Insurance

Allianz’s AGCS to target technology, media and telecom sectors

Allianz Global Corporate & Specialty (AGCS),  Allianz group's specialist corporate insurer, is targeting new business opportunities in the technology, media and telecom (TMT) sector, with a particular focus on hardware manufacturing, software & IT professional services, data services, telecom carriers and network operators as well as media.

The company has appointed Jody Yee (pictured) as global industry solution director for TMT to build special risk expertise and help develop bespoke solutions across all AGCS lines of business as well as other Allianz units.

Yee has 18 years of experience in corporate insurance and alternative risks transfer, specifically in developing innovative solutions to drive growth and scale business development. In his most recent role as managing director and global practice group leader cyber in the ART division of AGCS, his focus was on business development, global captive fronting as well as structured and integrated transactions. Yee joined AGCS in 2007 and has had several leadership roles in finance and underwriting in Munich, London and New York. In his new role, he will be based in London.

Yee's appointment follows the launch of AGCS' financial services industry practice in 2020 with Paul Schiavone as a global industry solution director. The company stated that it will announce a similar role for the construction industry in due course, as part of the New AGCS transformation programme to tailor product development, marketing and distribution to specific industries.

Henning Haagen, AGCS board member and chief regions & markets officer for AGCS’s business outside North America, said: “We are eager to develop a special value proposition for our key target sectors and the Global Industry Solution Directors are at the heart of it. With Jody Yee we have found the perfect first advocate for clients and brokers in the technology, media and telecom space. He will drive the development of bespoke solutions for them in the wide Allianz universe – be it traditional insurance products, global programmes and increasingly also alternative risk transfer and captive support.”

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