Allianz boosts AGCS alternative risk transfer leadership in growth move

Allianz Global Corporate & Specialty (AGCS) has made key leadership changes targeting expansion in the alternative risk transfer (ART) space. The move follows the division of ART line of business into two specialist teams.

Following the restructure in October 2018, the insurance-linked markets team became a standalone line of business known as Capital Solutions, led by Richard Boyd. The remaining ART practice groups providing corporate solutions, reinsurance and climate solutions continue under the Alternative Risk Transfer name, led by Michael Hohmann.

The company has further strengthened its ART global leadership with two new appointments.

Grant Maxwell has been moved to a newly-created global role of head of underwriting and portfolio management, reporting directly to Hohmann.

Maxwell is currently the head of ART, regional unit London (RUL) which includes UK, Ireland, Dubai, Russia and the Nordic Region. He will be replaced in this role by Dan Tomlinson, currently a senior ART underwriter in London.

Tomlinson will report to Tracey Hunt, deputy CEO, AGCS UK. As regional head of ART, Tomlinson will work closely with Maxwell and the ART leadership team, including regional heads Karsten Berlage in North America, Richard Green in Asia Pacific and Rob Makelaar in Europe, the Middle East and Africa (EMEA).

In his new role, Maxwell will be responsible for overseeing the global ART and Capital Solutions underwriting process and shared services as well as portfolio management for the ART line of business.

Maxwell joined AGCS in March 2008, prior to that he held senior roles at XL Capital and Tillinghast, a unit of Willis Towers Watson specializing in risk management and actuarial consulting.

Tomlinson joined AGCS and the ART team in 2011, and has built the area of weather risk as part of the ART line of business. Previously, he held senior roles at Galileo Weather & Energy and XL Capital as well as Deutsche Bank and other financial markets positions.

“Grant has been a key member of the ART team since 2008, and has been involved in many of our significant initiatives since that time. I’m confident he’ll continue to help us deliver innovative and cutting-edge risk transfer solutions to help our clients manage their businesses in today’s environment,” said Hohmann. “Dan’s expertise has enabled us to build our bespoke weather insurance solutions into a key part of the business. I’m excited to have both Grant and Dan as part of my global leadership team.”

Hunt added: “An increasing number of our multinational customers demand more customized and sophisticated risk transfer solutions particularly around their more complex or ‘intangible’ risks. Grant’s new global role and Dan’s appointment as Regional Head of ART will position us well to strengthen our bespoke solutions beyond traditional risk transfer.”