AGCS rejigs board role for Mai and appoints Sepp
Global business insurer Allianz Global Corporate & Specialty (AGCS) has rejigged board level roles and senior leadership responsibilities.
Under the changes, AGCS chief underwriting officer corporate Hartmut Mai will take responsibility for AGCS strategic business units Central & Eastern Europe (CEE), Mediterranean and Africa. These units made up a third of AGCS’s premium volume in 2018.
Mai takes over from CEO Chris Fischer Hirs, who had led these businesses on an interim basis since October 2018 after Andreas Berger left AGCS.
Mai’s board role will also see him take responsibility as AGCS chief regions and markets officer for Global Broker Management, Capital Solutions Line of Business and the AGCS digital incubator initiative XSE.
Thomas Sepp, existing head of MidCorp Business for Allianz Re, will join the AGCS coard from Allianz Re to become chief underwriting officer corporate. He takes over from Mai and will look after Corporate Lines of Business (Property, Liability, Engineering, Financial Lines and Mid Corporate) and Allianz Risk Consulting. He will be based in Munich.
AGCS board member Paul O’Neill’s will extend his current responsibilities to include leadership of Alternative Risk Transfer Line of Business and Strategy & Business Development.
As a part of this change, two areas – the Alternative Risk Transfer Line of Business and Strategy & Business Development – will change reporting lines from Mai to chief underwriting officer specialty Paul O’Neill.
Fischer Hirs said, “I am extremely pleased that Hartmut will be taking over responsibility for one of our most important regional clusters representing a third of our premium volume. He has been the driving force behind many of AGCS’ recent advances in what we can offer globally, and has a strong track record of delivering the right solutions for clients’ needs. With Hartmut’s energetic leadership at Board level, supported by the experienced regional leadership team, we now have the right team in place to drive continued success and profitable growth in these core markets. A warm welcome to Thomas, who, with over 20 years’ experience in corporate insurance, brings a wealth of knowledge on all aspects of our business, and I look forward to working with him in his new role for AGCS.”
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