Henning Haagen will oversee the new team with Guy Money promoted to global head of Multinational Business
Allianz is expanding its international programs offering in response to demand it sees from large and medium-size companies needing cross-border coverage.
As a result, Allianz Global Corporate & Specialty (AGCS) has taken on a new market-facing team and is investing in data and technology that will help to expand its customer services.
To support multinational customers, AGCS has moved the management board responsibility to the ‘Regions and Markets’ area led by Henning Haagen, who oversees market-facing activities including distribution.
Guy Money, currently global head of Product at AGCS, has been appointed Global Head of Multinational Business.
Meanwhile, the AGCS Captive Solutions team, led by Brian McNamara, will be integrated into the Multinational business to serve customers with a broad range of services from traditional, multi-line global programs to captive fronting and reinsurance as well as hybrid combinations of traditional and alternative risk transfer.
“With our new strategy and set-up, integrated with the network strength of Allianz Group, we are well positioned to capture new business in this sophisticated segment of corporate insurance”, says AGCS Chief Executive Officer Joachim Mueller.
“This ambition is very much in line with our overall market leadership aspiration.”