Clients and companions ought to anticipate a “more consistent underwriting approach”, with coordination on world scale, the insurer mentioned.
“Allianz Commercial allows us to deliver the full value of Allianz’s scale and full set of capabilities for the benefit of our customers, brokers and shareholders,” mentioned Chris Townsend, member of the Allianz SE board of administration.
Allianz Commercial will function one single lead in every nation or area to characterize its industrial companies, a transfer it mentioned is meant to simplify the expertise of shoppers and distribution companions.
Its buying and selling, underwriting, and buyer supply groups are anticipated to “work closely together” beneath the mannequin, in accordance with the press launch. The authorized entities conducting the insurance coverage enterprise and their management are anticipated to stay the identical, Allianz mentioned.
Restructuring its management and administration crew
ACGS has added two new members to its board of administration whereas additionally updating the obligations of current members.
Joachim Mueller will now lead the Allianz Commercial enterprise as a part of his position as CEO of AGCS SE, reporting to Townsend.
Jon-Paul Jones will assume the position as chief working officer of AGCS, pending regulatory approval, changing Betting Dietsche, who has already moved to Allianz SE as chief individuals and tradition officer. Additionally, since February 1, Dirk Vogler has been working because the midcorp transformation officer.
Jones will oversee world enterprise operations, IT, safety and resilience, company service transformation, world course of administration, the worldwide knowledge workplace and main IT transformation initiatives.
Vogler oversees this system workplace, which was additionally created to assist the brand new collaborative mannequin between AGCS and the mid company enterprise of nationwide Allianz OEs.
Other notable transitions
Besides these two appointments, numerous adjustments in duty have come into impact for present AGCS SE Board Members:
- Chief underwriting officer specialty, Renate Strasser, will transfer to a newly-created AGCS SE board position as chief technical officer, overseeing all world capabilities that concentrate on technical excellence in underwriting, pricing, portfolio administration, danger consulting and reinsurance, in addition to ESG/local weather options.
- Shanil Williams will now tackle higher duty for all 9 AGCS world strains of enterprise, each company and specialty, as chief underwriting officer.
- Claire-Marie Coste-Lepoutre will head the compliance, human assets and the ‘NEW AGCS’ transformation program workplace. She can also be the brand new deputy CEO on the AGCS SE board, changing Mueller.
- Alongside his position as CEO of AGCS SE, Mueller may even take duty for enterprise within the United Kingdom, France and Australia. Each nation has giant Allianz MidCorp portfolios and are key elements of the built-in industrial AGCS/OE partnership.
- Other international locations or areas will proceed to report back to both Henning Haagen, chief areas & markets officer 1, or Tracy Ryan, newly appointed as chief areas &, markets officer 2.
“I welcome Dirk and Jon-Paul to AGCS as new members to AGCS SE Board of Management, in addition to Tracy Ryan whose appointment we announced a few days ago” Mueller mentioned. “With these new joiners and a new allocation of responsibilities for some current board members, we, as a leadership team, are ready to open the next chapter in AGCS’s corporate history: the realization of the new collaborative model of Allianz Commercial.”