With his core focus on the North American market, Mr. Scaldaferri will also hand over his current Board responsibility for Allianz Risk Transfer (ART) to Hartmut Mai, who is Chief Underwriting Officer Corporate for AGCS. This move reflects the increasingly close interactions between the traditional Corporate lines of business of AGCS and ART’s Corporate Solutions division, which offers specialized alternative risk transfer and multi-line insurance solutions for companies.
Chris Fischer Hirs, AGCS SE CEO, comments: “Paul will be an excellent addition to the AGCS Board of Management, with his strong technical underwriting expertise and deep knowledge of global insurance markets. On behalf of the AGCS Board of Management, I welcome him to our global leadership team and look forward to working with him in his new role. With his strong understanding of both traditional and alternative insurance solutions, Simon is well positioned to lead our global Marine and Energy underwriting teams.” Noting the increasing opportunities for collaboration between ART and AGCS’ traditional business, he added: “Our corporate clients increasingly look to us to help them develop custom-built solutions to both established and new risks. By leveraging our combined expertise, we can further expand our services in this fast growing and highly specialized area.”
Paul O’Neill has been Global Head of Marine and Energy since 2014 as well as Global Head of Energy, a role which he has held since 2005. A chemical engineer by training, he initially worked in the energy industry prior to moving into the insurance sector where he performed risk engineering reviews for the London insurance market. While working at Lloyd’s, he transitioned into underwriting and later joined Allianz as the Regional Manager for Energy in Singapore in 2003.
Simon Buxton has over 20 years of experience in the reinsurance industry and took over the position of AGCS Global Head of Reinsurance at the start of 2013. Prior to joining AGCS, he was Head of Reinsurance Solutions for Allianz Risk Transfer for five years. Before joining Allianz Risk Transfer he qualified as an actuary and worked in the insurance industry in a range of consulting and underwriting positions in Bermuda, Argentina and the UK.