Allianz Global Corporate & Specialty (AGCS) Appoints Stewart Eaton to Head of Product Recall

Press Release | August 16, 2016 | London

Allianz Global Corporate & Specialty (AGCS) has appointed Stewart Eaton as Head of Product Recall for Regional Unit London (RUL) with immediate effect. As an experienced product recall underwriter, Eaton joins AGCS’ Crisis Management team to manage the product recall book; he will also be responsible for driving new business throughout the region.  Eaton will report to Tim Galloway, AGCS Regional Head of Liability.

Eaton joins from Castel Specialty where he was a Class Underwriter writing product recall business. Prior to this he was Head of Line and Class Underwriter for Contaminated Products at Sagicor at Lloyd’s. His career started at AIG in a number of roles including as an underwriter in AIG’s Crisis Management team in London focusing on Product Recall.

“We continue to expand our coverage and expertise to provide comprehensive product recall protection. Stewart, with his extensive experience in Product Recall and Contaminated Products Insurance will further enhance our underwriting and servicing capabilities,” Said Tim Galloway, AGCS Regional Head of Liability.

“Stewart is one of the few specialists in the product recall market. Having someone with his level of experience and expertise, to both manage and grow the book is an exciting prospect,” said Christof Bentele, AGCS Head of Global Crisis Management. “Product Recall is a huge area and Stewart and his team will focus on a range of recall risks across industries including food and drink, automotive, pharmaceutical and consumer durables. Clients will benefit from a market leading capacity, a 24/7 response consultancy service provided by our strategic partner red24 and the reassurance that comes with having a product that provides real balance sheet protection as well as brand reputation cover, should the worst happen.”

AGCS’ Product Recall Insurance provides cover for recall costs, loss of profit, and rehabilitation costs following a product recall due to the potential of bodily injury or property damage. Product recall policies have the option to include broad third party coverage for those liabilities a company might have to its customers, including customer loss of profit. Click here for more information on AGCS Product Recall Insurance.

Stewart Eaton
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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