A Sowetan is a CEO of a global company

Press Release | April 20, 2017 | Johannesburg

Thusang Mahlangu achieved his vision of becoming CEO at 40 when he was appointed Africa CEO for Allianz Global Corporate & Specialty (AGCS) early this year. Born and bred in Pimville Zone 7, Soweto, he joined the corporate insurer in 2013 as Head of Market Management to develop sales and distribution across Africa. He subsequently became Head of Property in 2014.

Thusang attributes his achievement to hard work, commitment and perseverance. “I had a vision to become CEO at 40 and worked hard to ensure I realize it. I hope that my accomplishment will inspire young people from Soweto and South Africa to realize their dreams."

“I am very grateful to AGCS for giving me this opportunity and to my mentors for their guidance and insight. It is an enormous task, but I have a strong team, which was built by my predecessor Delphine Traoré Maïdou. I am very confident that together, we will achieve our vision of becoming a leading corporate insurer on the continent,” he said.

Thusang has over 20 years of experience in insurance and risk management. He acquired insurance qualifications through the Insurance Institute of South Africa (IISA). After this, he obtained a management qualification from University of Cape Town’s Graduate School of Business. His most recent qualification is an MBA from Milpark Business School. With regards to leadership and governance, he has served as pension fund trustee for a large insurance company and as a member of City of Johannesburg’s Group Risk Management Committee.

In his formative years, Thusang attended Hlalefang Lower Primary and Nkholi Higher Primary in Pimville. From a less privileged background, he was awarded a scholarship to St. Alban's College where he matriculated in 1994. While at the school, he played first team rugby, which took part in the school’s first international tour to the UK. This experience inspired him to establish Wits University’s Masakhane inter-faculty rugby team.

He lives by the following mottos: ‘What is done today is ready for tomorrow’ and ‘Be the best you can be, and always strive to be number 1’. Thusang lives in Glenvista with his wife Mmathabo and their two children.

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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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With the Allianz network AGCS provides services in over 200 countries and territories.