AGCS appoints new chief underwriting officer specialty and board member

Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Allianz Group, has appointed Henning Haagen as chief underwriting officer specialty and member of the board of management, subject to regulatory approval. Effective March 1, 2020, Haagen will succeed Paul O’Neill, who left AGCS in 2019.

As chief underwriting officer specialty, Haagen will take over responsibility for AGCS’ aviation, entertainment, marine and mid corporate lines of business. He will also oversee the AGCS Global Underwriting Integrity and Solutions function, which establishes common underwriting practices across all AGCS lines of business and in line with Allianz Group property & casualty standards, and the AGCS Underwriting Academy, which offers expert training to AGCS staff.

Haagen is currently AGCS’ regional head of specialty and also Northeast zone executive for North America, a role he has held since January 2017. An announcement will be made at a later date on a successor to his current roles. Haagen is a German citizen and will relocate from New York to Munich in 2020.

Prior to his current role in the United States, Haagen was AGCS global head of aviation, and since joining in 2008, he has held several senior underwriting positions within the organization in Munich and London, including chief aviation underwriting officer for the EMEA and Asia Pacific regions, global head of reinsurance and head of aviation reinsurance underwriting. He has over 20 years’ underwriting experience, and before joining AGCS, he worked as a senior underwriter for both GE Frankona Reinsurance and Augsburg Re, a managing general agent. He began his insurance career at Gerling Insurance and Reinsurance.

Joachim Mueller, AGCS chief executive officer said: “We need strong focus on underwriting at board level, and Henning brings much experience in this area, with many years in the international specialty and reinsurance business. He will take responsibility for a key part of our business, and I look forward to working with him to manage our global portfolio with a continued focus on underwriting excellence and profitability.”