Allianz Global Corporate & Specialty Appoints Regional Head of Engineering

Press Release | July 11, 2017 | London
New Regional unit London (RUL) Head of Engineering will manage specialist cover for all aspects of engineering and construction insurance
Allianz Global Corporate & Specialty (AGCS), Allianz Group’s dedicated carrier for corporate & specialty insurance business, has appointed Paul Smith as Regional Unit London (RUL) Head of Engineering with immediate effect. Based in London, he will report regionally to Carsten Scheffel, AGCS Board Member and Chief Regions & Markets Officer for RUL, locally to Brian Kirwan, UK CEO, AGCS and with a reporting line into Chris van Gend, Global Head of Engineering.  In his new role, he will be responsible for the Engineering portfolio in the UK, Ireland, Dubai, Russia, the Nordic Region, Australia and New Zealand.

Paul Smith succeeds Tim Cook who, as announced earlier this year, relocated from London to New York to become the new AGCS Head of Engineering, North America. Paul Smith joined Allianz in 2001 and has filled multiple roles within the Engineering team. Prior to this appointment, he served as a Regional Practice Leader for Construction All-Risks and Inherent Defects Insurance (IDI) – playing a key role in the creation and development of AGCS’  IDI proposition. Smith began his career as an underwriter for Commercial Union and then gained further experience working for a variety of organizations, including Guardian Royal Exchange and AXA in London.

“Paul has played a central role in delivering profitable, sustainable growth at both a regional and portfolio level over the last number of years which will equip him well to drive forward the development of AGCS’ Engineering and Construction proposition,” said Carsten Scheffel. “We’re targeting further growth for the Engineering business across the region. We already insure a wide range of Engineering risks, supporting clients across sectors including construction, renewable energy, power and utilities, oil and gas, heavy industries and mining. Paul will have responsibility for leading us through our next phase of evolution in this rapidly changing market.”

“At AGCS, we underwrite some of the largest and most complex corporate risks globally, and together with my team, we look forward to working further with Paul to develop innovative and tailored solutions for our clients,” commented Chris van Gend. “Engineering is a key sector for Allianz, both in the UK and internationally, where we are seen as a world leader. I look forward to working with Paul to continue this success.”

Paul Smith
Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates with its own teams in 34 countries and through the Allianz Group network and partners in over 210 countries and territories, employing almost 4,700 people of 70 nationalities. AGCS provides insurance solutions to more than three quarters of the Fortune Global 500 companies, writing a total of €7.4 billion gross premium worldwide in 2017.

AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.
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