Allianz Global Corporate & Specialty SE (AGCS) has announced that Grant Maxwell, current Head of Alternative Risk Transfer (ART) for its Regional Unit London (RUL), is to move into a newly created global role as Head of Underwriting and Portfolio Management.
Additionally, Dan Tomlinson, currently a senior ART underwriter in London, has been appointed to succeed Maxwell as Head of ART for AGCS’ RUL region, which includes UK, Ireland, Dubai, Russia and the Nordic Region.
The appointments come after decision by AGCS in October 2018 to restructure its ART business into two specialist teams.
AGCS’ Insurance-Linked Markets team became a standalone line of business called Capital Solutions, while the remaining ART practice groups providing corporate solutions, reinsurance and climate solutions continued under the ART name.
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.
He joined AGCS in March 2008 and has been Regional Head of ART for RUL and also Head of ART Deal Management since February 2010.
Prior to his time with AGCS, Maxwell held senior roles at XL Capital and Tillinghast, a unit of Willis Towers Watson specialising in risk management and actuarial consulting.
He will report to Michael Hohmann, Global Head of ART, who commented: “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,” Hohmann added.
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).
Tomlinson joined AGCS and the ART team in 2011, before which he held senior roles at Galileo Weather & Energy and XL Capital, as well as Deutsche Bank and other financial markets positions.
Hohmann continued: “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.”
The ART offering includes non-traditional covers on a multi-line, multi-year basis, as well as services such as fronting for captive programs for large corporate customers, as well as specialist reinsurance and bespoke weather insurance.
“An increasing number of our multinational customers demand more customized and sophisticated risk transfer solutions particularly around their more complex or ‘intangible’ risks,” explained Tracey Hunt, Deputy CEO for AGCS UK.
“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.”