- Dr. Volker Bergeest, Global Head of Marine for Europe and Asia-Pacific, to retire September 2014
- Paul O’Neill to succeed as Global Head of Marine, Europe and Asia-Pacific, in addition to current role as Global Head of Energy
PRESS RELEASE - Munich, November 18, 2013
Paul O’Neill, currently Global Head of Energy for Allianz Global Corporate & Specialty (AGCS), has been named Global Head of Marine Europe and Asia-Pacific with effect from January 1, 2014. He will continue as the Global Head of Energy and assume the additional responsibility for Marine Europe/Asia-Pacific, remaining based in London. Mr. O’Neill will succeed Dr. Volker Bergeest, who will retire in September 2014 after 29 years at Allianz, following a handover period working closely with Mr. O’Neill.
Mr. O’Neill has over twenty years of experience in risk engineering and underwriting for the energy sector. He joined Allianz in 2003 as Regional Manager for Energy in Singapore, and assumed the role of Global Head of Energy in 2005. He currently serves as the global underwriting leader for the Energy business at Allianz and heads a team of offshore and onshore underwriters across Europe, Asia-Pacific and the Americas. Mr. O’Neill is a graduate of University College London where he received an engineering degree.
Arthur Moossmann, Chief Underwriting Officer for Global Specialty at AGCS, commented: “Volker has been a key contributor to the successful establishment of a global Marine practice within Allianz Global Corporate & Specialty from its formation in 2006, to today where Marine is the largest line of business within AGCS. From this solid foundation, I am confident that Paul’s strong leadership skills and proven track record in Energy will ensure continued success and expansion for Marine in Europe and Asia-Pacific.”
AGCS covers the full spectrum of marine business - from ocean-going 'blue-water' vessels and international cargo shipments to private yachts, coastal and river craft as well as related services such as freight forwarders and logistics specialists. The company’s Marine gross written premium totaled approximately €1.1 billion (US$1.4 billion) in 2012, confirming AGCS as one of the world’s largest marine insurers. AGCS has specialist marine teams consisting of underwriters, claims experts and risk consultants in major marine insurance hubs such as Hamburg, London, New York, Singapore and Paris, as well as in local offices around the world.
The Energy practice at AGCS offers the full range of products and services for downstream, midstream and upstream clients. With hubs in Houston, London, Rio de Janeiro and Singapore and a local presence in Australia, Canada, Dubai, Italy, Japan, Johannesburg, Munich, New York, Paris and Thailand, AGCS has grown its Energy portfolio significantly in recent years, writing a total of over €200 million (US$257 million) in gross written premium in 2012.
Photos available upon request.