Reinsurance News

Allianz (AGCS) makes senior adjustments

19th March 2019 - Author: Charlie Wood

Allianz’ corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is appointing its current Chief Underwriting Officer, Corporate, Hartmut Mai to the Board role of AGCS Chief Regions and Markets Officer for the company’s three strategic business units: Central & Eastern Europe (CEE), Mediterranean and Africa.

agcs-logoThis announcement comes as AGCS looks to reorganise some senior roles and responsibilities in its Board of Management. The appointment is effective April 1.

Mai takes over from Chief Executive Officer Chris Fischer Hirs, who has overseen the areas since October 2018 on an interim basis after Andreas Berger departed AGCS.

In his new Board role Mai will manage AGCS’s business in CEE, Mediterranean and Africa together with the regional leadership team.

He will also continue to oversee the Capital Solutions Line of Business, and the AGCS digital incubator initiative Cross-functional Smart Evolution (XSE), as well as taking on Global Broker Management.

Mai joined AGCS in 2007 as Global Head of Financial Lines, and was appointed as CUO, Corporate, and a Member of the Board of Management in 2011.

In addition to Mai’s appointment, current Head of MidCorp Business for Allianz Re, Thomas Sepp, is set to join the AGCS Board of Management on April 1.

He succeeds Mai as Chief Underwriting Officer, Corporate, and will be based in Munich.

Sepp joins from Allianz Re, where he has been Head of MidCorp Business since January 2018.

From 2014 to 2017, Sepp was Deputy Head of Global P&C for Allianz SE.

“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,” said Hirs.

“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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