Allianz Global Corporate & Specialty SE (AGCS) is reorganizing some roles and responsibilities in its Board of Management: From April 1 2019, current AGCS Chief Underwriting Officer Corporate Hartmut Mai will take on the Board role of AGCS Chief Regions and Markets Officer for the three AGCS strategic business units Central & Eastern Europe (CEE), Mediterranean and Africa which accounted for around a third of AGCS’s premium volume in 2018. He takes over from CEO Chris Fischer Hirs, who had overseen these areas since October 2018 on an interim basis after Andreas Berger left AGCS. Also effective April 1, Thomas Sepp, currently Head of MidCorp Business for Allianz Re, will join the AGCS Board of Management and succeed Mai as Chief Underwriting Officer Corporate, based in Munich.
In his new Board role Mai will not only manage AGCS’s business in CEE, Mediterranean and Africa together with the regional leadership team; he will also continue to oversee the Capital Solutions Line of Business, and the AGCS digital incubator initiative “Cross-functional Smart Evolution” (XSE), as well as taking on Global Broker Management. All other Corporate Lines of Business (Property, Liability, Engineering, Financial Lines and Mid Corporate) and Allianz Risk Consulting will be led by new AGCS Board Member Thomas Sepp. As a part of this change, two areas – the Alternative Risk Transfer Line of Business and Strategy & Business Development – will change reporting lines from Mai to Chief Underwriting Officer Specialty Paul O’Neill.
AGCS CEO Chris Fischer Hirs said, “I am extremely pleased that Hartmut will be taking over responsibility for one of our most important regional clusters representing a third of our premium volume. He has been the driving force behind many of AGCS’ recent advances in what we can offer globally, and has a strong track record of delivering the right solutions for clients’ needs. With Hartmut’s energetic leadership at Board level, supported by the experienced regional leadership team, we now have the right team in place to drive continued success and profitable growth in these core markets. A warm welcome to Thomas, who, with over 20 years’ experience in corporate insurance, brings a wealth of knowledge on all aspects of our business, and I look forward to working with him in his new role for AGCS.”
Amer Ahmed, CEO of Allianz Re added: “I am very grateful for the foundations that Thomas has laid and the team he has put together over the last three years with the MidCorp 2.0 initiative. We are well placed to deliver on our aspiration for Allianz to be the leading player in this segment. I wish him the very best in his new role at AGCS and look forward to continue working together as there will be many opportunities to share and collaborate.”