AGCS strengthens cyber expertise by appointing Martin Zschech and Jens Krickhahn
- With effect from January 1, 2014, Martin Zschech was appointed new Head of Financial Lines for the Germany & Central Europe region.
- Cyber expert Jens Krickhahn will take over responsibility for cyber and fidelity insurance within the Financial Lines team with effect from February 1, 2014.
PRESS RELEASE - Munich, November 25, 2013
Allianz Global Corporate & Specialty SE (AGCS), Allianz's industrial insurer, will further expand its expertise in the cyber insurance area by appointing two international experts, Martin Zschech and Jens Krickhahn.
From January Martin Zschech (37) will be in charge of Financial Lines at AGCS Germany & Central Europe. Zschech is a graduate in business administration and has 13 years' insurance experience. Most recently he worked for the Zurich insurance group. Based in Sydney, he was responsible for the Financial Institutions and Management Liability Portfolio in Australia and New Zealand Prior to this he had been working as Senior Underwriter for Directors & Officers Insurance (D&O) at AGCS in Munich and Sydney between 2005 and 2010, following several years at Allianz. Zschech will take over Financial Lines from Carsten Wiesenthal, who will take on responsibility for new central projects at Allianz.
Christopher Lohmann, CEO of AGCS Germany & Central Europe, said: "With Martin Zschech's appointment we have been able to recruit an experienced Financial Lines expert who knows our company very well thanks to his many years at Allianz and who was also able to build up a wealth of experience outside of AGCS which will stand us in good stead for our future challenges. This includes expanding the cyber insurance area, where we are seeing rapid growth, as well as our leading position as a D&O insurer in the German-speaking market."
Bernard Poncin, AGCS Global Head of Financial Lines adds: “Martin is a strong addition to our Financial Lines team. He will enable us to go to the next level and further grow AGCS’s book of business in Germany & Central Europe thanks to his international underwriting experience, strong customer focus and excellent relationship skills.”
With effect from February 1, 2014 Jens Krickhahn (42) will take over responsibility for the new Cyber and Fidelity area (which includes specialist products such as Commercial Crime insurance) within the Financial Lines team at AGCS Germany & CE. Previously, he worked as Technical Underwriting Manager for the Technology, Media and Telecommunications area in Germany and France at Hiscox. Krickhahn, who holds a degree in insurance and who embarked on his international career at Allianz in 1993, was also in charge of the IT and Telecommunications business in the German-speaking region at Chubb Insurance Company of Europe from 1998-2005, before taking on the role as Head of Liability at Aon in 2006. Krickhahn also developed the first cross-line insurance solution for cyber and data risks for the German market. At present he is also a Lecturer in IT Liability for the Berufsbildungswerk der Versicherungswirtschaft (BWV) Württemberg (Educational Network of the Insurance Industry).
"Given that IT risks for companies are mounting up, we are certain that cyber insurance will become an independent product type within industrial insurance here in Germany, too", explains Lohmann. "We want to actively occupy and shape this new market segment. This is why we are delighted to have recruited Jens Krickhahn for this task, a renowned expert who will further expand our "Allianz Cyber Protect" product, so that we can offer our customers even better protection against ever-changing cyber risks."
And Bernard Poncin concludes: “I would like to welcome Jens to the team. Having a dedicated cyber insurance expert underscores how committed AGCS is to further strengthen the service we can provide to our clients and brokers in this area.”
Photos available upon request.