Allianz Global Corporate & Specialty (AGCS) News

People Moves: Embroker Names 2 Execs; Markel Promotes Castriotta; Kaufmann, McPhail Join WTW; Laufer, Pignataro to AGS Executive Team

Digital commercial lines insurer Embroker announced the appointment of a chief insurance officer and a chief technology officer. Steve Prymas, Embroker’s new chief insurance officer, brings 20 years of experience to the company, having served as vice president, Specialty Lines …

People Moves: Everest Re’s Grace Moves to Allianz; Williamson Adds Role as Head of Everest Reinsurance

Everest Re Group reports that Jim Williamson has assumed responsibilities as the head of the Everest Reinsurance Division effective immediately. This is in addition to his roles as executive vice president and group chief operating officer. Williamson joined Everest in …

Nexus Signs Delegated Authority Deal With Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced a four year strategic underwriting and claims delegated authority agreement for small and medium-sized enterprises (SMEs) customers. Nexus, a specialty managing general agent, will underwrite and handle claims for primary …

Insurers of Container Ship Aground in Suez Canal Face Millions in Claims

LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday. The 400-meter, 224,000-tonne …

Portevin Appointed Global Head of Allianz Risk Consulting

Thierry Portevin, current global head of property at Allianz Global Corporate & Specialty (AGCS), will be appointed global head of Allianz Risk Consulting (ARC), reporting directly to Tony Buckle, chief underwriting officer Corporate. The appointment is effective on March 8. …

AGCS Hires Hegel from Zurich as Regional Head of Client Services & Multinational

Allianz Global Corporate & Specialty (AGCS) announced the appointment of Kevin Hegel as the new head of Client Services and Multinational Regional Unit, London and Nordics, effective immediately. He succeeds Ayleen Frete who has assumed a new role at AGCS, …

Furtschegger Appointed Global Head of Entertainment Line of Business at AGCS

Michael Furtschegger has been appointed as global head of Entertainment at Allianz Global Corporate & Specialty (AGCS), reporting directly to Dr. Renate Strasse, AGCS SE board member and chief underwriting officer specialty. Based in Munich, Furtschegger has led the global …

Allianz Makes Personnel Changes to Georgia-Based Aviation Team

Allianz Global Corporate & Specialty’s (AGCS) North American Aviation team has promoted two executives and hired a new underwriting specialist, effective immediately. Lamont Rosemond has been promoted to regional head of Aviation Programs and Product Development in North America. He …

Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz

There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of Covid-19 related risks — business interruption, the pandemic …

2022 Risk Watchlist for Directors & Officers Is Full: Insolvencies, Litigation, ESG, Cyber…

Corporate board members and company executives have a lot to worry about these says and can be held liable for an increasing range of scenarios. Key risks for directors and officers to watch in 2022 include the increased threat of …