Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty® (AGCS) announced today that Adam Posner has been named senior underwriter for Terrorism & Political Violence insurance, to be based in New York, effective immediately. In this new role, Posner will report directly to Marcos Garcia Norris, regional practice group leader for Crisis Management in North America.
“Whether it’s a lone-wolf terrorist attack or group riot situation, today’s commercial landscape is rife with new and evolving exposures, and so it’s imperative that we have the right talent to assess today’s threats faced by clients,” said Garcia Norris. “Businesses are now looking to acquire more customized terrorism coverage than ever, and with his specialized background, Adam will be instrumental in supporting our Crisis Management division here in North America.”
Posner, a graduate of the University of Birmingham (UK) joins AGCS from XL Catlin (London) where he was a terrorism underwriter managing relations with key brokers and serving as the point of contact for global terrorism inquiries. He was also responsible for daily risk analysis and published a variety of materials on the changing nature of terrorism exposures. Prior to this role, Posner focused on catastrophe modeling assessment for XL Catlin, including the hotspot areas of New York and Chicago.
Launched earlier this year, the AGCS Crisis Management division in North America assists clients in preventing, preparing for and recovering from crisis incidents; it resides within AGCS’s global Liability line of business and provides insurance and service solutions pertaining to product recall and contamination, hostile environment as well as the aforementioned terrorism and political violence. Beyond covering financial losses, AGCS also offers its clients crisis management assistance services on a 24/7 basis, regardless of location, through its partner company red24.
“More clients in the U.S. are inquiring about international insurance programs, looking into expanding their terrorism cover into Europe and elsewhere, with a particular emphasis on business interruption,” stated Christof Bentele, head of global Crisis Management for AGCS. “Our clients rely on AGCS to help protect their customers, employees, property and overall reputation and we’re confident that Adam will exceed their expectations.”
The full suite of AGCS Crisis Management solutions can be found on our website.