news 5 days ago

New Global Leadership Roles for Aviation and Marine Lines of Business at AGCS

The Associated Press

NEW YORK--(BUSINESS WIRE)--Jun 13, 2019--

Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment. Effective July 1, 2019, Ulrich Kadow will be appointed as AGCS Global Head of Marine. Effective immediately, Tom Fadden will be appointed as AGCS Global Head of Aviation. Both will report directly to Chief Underwriting Officer Specialty Paul O’Neill who will directly oversee the Energy Line of Business on an interim basis.

Chief Underwriting Officer Specialty and AGCS Board Member Paul O’Neill says, “I welcome both Tom and Ulrich to the Specialty leadership team. They are both well connected with clients and brokers globally and bring a strong management track record as well as profound underwriting expertise. I have every confidence that together we will further drive growth and profitability in our Specialty business in the future.”

Currently Chief Agent of AGCS Canada, Ulrich Kadow will take over from current Global Head of Marine and Energy Simon Buxton, who leaves Allianz to pursue other opportunities outside the company. Until a successor in Canada is confirmed, Ulrich Kadow will maintain a dual leadership role for both the country and Marine Line of Business responsibilities.

Mr. Kadow has led AGCS’ Canadian business since May 2015, after originally joining AGCS in 2006. During his 13 years with the company, he has held a variety of positions within AGCS in Europe, Asia and North America and directly prior to his move to Toronto, was Global Head of Package & Multiline where he established the mid-market Property, Liability and Engineering business in Canada, Asia, South Africa, Australia and Denmark. He has an MBA from Columbia Business School and an M.S in Computer Science from University of Technology Munich TUM. He also holds a Chartered Property Casualty Underwriter designation.

Currently Regional Head of Aviation for Regional Unit London and Global Airline Product Leader, Tom Fadden will succeed Michael Hansen, who leaves Allianz later this year. He will maintain his regional leadership role on an interim basis.

Joining Allianz in 2004, Mr. Fadden has held his current leadership roles since June 2016. Prior to that, he held a variety of aviation insurance roles, including Senior Airline Underwriter, Airline Underwriting Manager and Global Airline Product Leader responsible for airline portfolio strategy and steering globally. With more than 30 years of aviation insurance experience, he started his career at British Aviation Insurance Group/Global Aerospace where he held roles as Product Underwriter and Senior Airline Underwriter. He holds an Associateship of the Chartered Insurance Institute.

About Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 12 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 34 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2018, AGCS generated a total of €8.2 billion gross premium globally.

For more information please visit http://www.agcs.allianz.com/ or follow us on Twitter @AGCS_Insurance and LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

View source version on businesswire.com:https://www.businesswire.com/news/home/20190613005059/en/

CONTACT: Press:Sabrina Glavan

Allianz Global Corporate & Specialty, NA

646 472 1510

sabrina.glavan@agcs.allianz.com

Erin Burke

Harden Communications Partners

631 239 6903

eburke@hardenpartners.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: TRANSPORT AIR MARITIME LOGISTICS/SUPPLY CHAIN MANAGEMENT PROFESSIONAL SERVICES INSURANCE OTHER PROFESSIONAL SERVICES

SOURCE: Allianz Global Corporate & Specialty SE

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PUB: 06/13/2019 08:00 AM/DISC: 06/13/2019 08:01 AM

http://www.businesswire.com/news/home/20190613005059/en