Allianz Global Corporate & Specialty (AGCS), the corporate focused division of insurance and reinsurance giant Allianz, has promoted Mike Hansen to be its new Global Head of Aviation, effective immediately.
Hansen will succeed Henning Haagen who has managed AGCS’s aviation business for five years. Haagen was appointed Northeast Zone Executive for North America earlier this year and until a replacement could be found had been managing both roles.
Hansen, who currently looks after the North American aviation insurance business of AGCS, will relocate from Canada to London later this year and a successor for his regional role will be announced once found. Hansen will report to Paul O’Neill, AGCS Board Member and Chief Underwriting Officer, Specialty.
“I would like to particularly thank Henning for the significant value he has contributed while guiding the Aviation unit globally for almost five years,” commented Paul O’Neill. “I look forward to working with Mike managing our aviation business in a challenging market environment and making the most of opportunities in the months ahead. I am confident this will be a smooth transition.”
Hansen will lead the overall aviation insurance underwriting strategy for AGCS, with growth of this key business targeted. Until a successor can be found for his regional position he will maintain responsibility for both the Global and North American markets.
Hansen joined Allianz Global Corporate & Specialty in June 2016, since when he has had overall responsibility for the US, Canadian and Mexican Aviation business. He has nearly 35 years of international aviation insurance industry experience, both on the underwriting and broking side. Before he joined Allianz, Hansen was most Deputy Chief Underwriting Officer at XL Catlin Aerospace, prior to which he worked in underwriting positions at AIG and Markel.