Allianz Global Corporate & Specialty SE (AGCS) is realigning its board of management focusing on responsibilities for regions and markets as well as for Underwriting and Claims functions.
The number of chief regions and markets officers (CRMO) on the AGCS SE board of management will be reduced from three to two, effective from 1 July 2020.
Henning Haagen, current chief underwriting officer specialty, will assume responsibility for all AGCS regional units outside North America as CRMO regional group 1, including Africa, Asia Pacific, central and eastern Europe, Mediterranean Region, regional unit London, and South America. He will also oversee global broker management.
Bill Scaldaferri, CRMO regional group 2, will continue to head the North America Regional Group.
Each CRMO will be responsible for approximately half of AGCS' business in terms of gross premium income of €9.1 billion in 2019.
Sinéad Browne and Hartmut Mai, the two current AGCS CRMOs, will both resign from the AGCS SE board of management and from the company with effect from 30 June 2020. Their responsibilities will be merged into one single regional group one under the lead of Haagen.
In addition, AGCS has further board appointments for their underwriting and claims.
Subject to regulatory approval, Renate Strasser has been appointed as chief underwriting officer specialty, succeeding Haagen’s current position.
She joins from the Zurich-based New Reinsurance Company (NewRe), a subsidiary of Munich Re, where she is currently CEO. Haagen will retain his existing board responsibility for specialty lines of business (Aviation, Marine, Entertainment, MidCorp) on an interim basis until Strasser starts at AGCS on a date which will be confirmed later.
Thomas Sepp, current chief underwriting officer corporate, will assume a re-established board role as AGCS chief claims officer. Subject to regulatory approval, he will be succeeded by Tony Buckle, who will join AXA XL with effect from 1 July 2020. Buckle will oversee AGCS’ Corporate lines of business.
Joachim Mueller, AGCS CEO, said: “With the consolidation of regional leadership at board level, we aim to strengthen our global approach at AGCS and to simplify our organisation. I look forward to working with both Henning [Haagen] and Bill [Scaldaferri] to act as one team at AGCS globally to service clients and brokers effectively in all our key markets.”