AGCS boosts terrorism expertise

Allianz Global Corporate & Specialty (AGCS), the corporate insurer of the Allianz Group, has boosted its terrorism expertise with the appointment of two experts.

Björn Reußwig has been appointed as executive underwriter of terrorism and is responsible for underwriting European terror risks and coordinates activities in this field globally.

Srdjan Todorovic has been appointed head of terrorism regional unit London, responsible for UK, Ireland, the Middle East, Australia and New Zealand.

Reußwig and Todorovic report to Christof Bentele, head of global crisis management at AGCS. Since the beginning of 2015 Bentele has been expanding the crisis management department within the global liability line of AGCS.

AGCS also revealed that it has plans to increase underwriting capacity for terrorism insurance in the US and Singapore over the next year.

"Whether unrest, terrorism or war: political violence has returned to companies' risk maps over the past few years with unimaginable force. Companies want to better protect their employees, their business, and their assets. Our new products and our global network allow us to safeguard our customers against the effects of politically motivated violence in almost all countries around the world," said Michael Hohmann, global head of liability, AGCS.