Reinsurance News

AGCS hires Michael Furtschegger as Global Head of Entertainment

25th February 2021 - Author: Katie Baker

Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has appointed Michael Furtschegger as Global Head of Entertainment.

AllianzHe will be based in Munich and report to AGCS SE Board Member and Chief Underwriting Officer Specialty Renate Strasser.

The AGCS Entertainment line of business provides specialised insurance solutions for film productions as well as live events in sports, music or culture.

Furtschegger has led the global Entertainment team since end of 2020 on an interim basis, after his predecessor Lauren Bailey had decided to step down from her role and leave Allianz.

He originally joined AGCS in 2009 as a Global Customer Relationship Manager, where he moved on to serve as Executive Assistant to Axel Theis.

He then took on a role in the New York office as Quality & Projects Manager in the area of global underwriting coordination.

AGCS Chief Underwriting Officer Specialty Renate Strasser commented: “With the ongoing Covid-19 pandemic, both the Entertainment industry as well as its insurers have gone through an extremely challenging time over the last year.

“Michael and the team in Underwriting and Claims have worked intensively to support our customers to mitigate losses and quickly settle any claims if coverage was confirmed.

“Together with the global entertainment industry, we hope that the post-pandemic new normal will soon realize so that this sector can build on earlier growth and vibrancy.

“I look forward to working with Michael and have every confidence that he will steer the team to a successful future and develop a sustainable Entertainment book of business for AGCS.”

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