Kevin Leong Named Chief Agent for Allianz Global Corporate & Specialty in Canada
- Allianz is planning on growing Canadian business to USD 340 million in gross written premiums in 2013
- Thomas Paap to assume new position within Property line of business
- Kevin Leong will relocate from Singapore to Toronto August 1
PRESS RELEASE - New York/Toronto. May 9, 2013
Kevin Leong will take over the position of Chief Agent Canada for Allianz Global Corporate & Specialty (AGCS), Allianz SE’s center of competence for corporate and specialty insurance, from Thomas Paap effective August 1, 2013.
Allianz has expanded its business in Canada over recent years to include eight lines of business: aviation, engineering, energy, financial lines, liability, marine, property and added package and multiline in 2012, offering insurance to smaller and medium sized businesses. Having recently opened an office in Vancouver, Allianz is now present on both the east and west coasts of Canada.
Kevin Leong, CEO of AGCS AG’s Singapore branch, has 17 years of insurance experience. He began his career as an apprentice with Allianz in Hamburg, Germany, and then moved to various underwriting and management positions. He relocated to Singapore seven years ago as an Engineering Underwriting Manager and subsequently led Regional Market Management for Asia Pacific and the Middle East, before being appointed CEO, AGCS AG’s Singapore branch. Kevin has been instrumental in growing the AGCS business in Asia Pacific over the past six years and was in charge of driving regional growth into new markets such as India and China. Kevin speaks fluent German, English, Cantonese and Russian.
Thomas Paap, who has more than 35 years of insurance experience with Allianz and an extensive property insurance background, having worked in different positions in Germany, the United States and Canada, will assume the position of Global Practice Leader Heavy Industries & Manufacturing within the property line of business. Thomas will continue to be based in Canada but will eventually relocate back to Munich, Germany. He has successfully grown the business in Canada from USD 261 million gross written premiums (GWP) in 2010 to USD 304 million GWP in 2012.
Kevin Leong and Thomas Paap will work alongside each other for the month of August to ensure a seamless transition for clients and brokers in Canada.
Hugh Burgess, Chief Executive Officer AGCS Americas comments: “We would like to thank Thomas Paap for his outstanding work, leading the growth of AGCS in Canada and are very pleased to welcome a highly motivated new chief agent with Kevin Leong. I am very confident that he will build on the solid foundation that Thomas has laid out and continue to grow our book in this key North American market. Our ambitious growth target for 2013 is USD 340 million in GWP for Canada and we are optimistic to be able to achieve it. At AGCS our business is a global one and we are excited to be able to learn from Kevin’s experiences in Asia.”
Click here to read more about AGCS Asia Management changes.