Allianz GCS expands management board's responsibilities amid growth

Insurer Allianz Global Corporate & Specialty (AGCS) has given its management board members new regional responsibilities.

Allianz is also introducing a new line of business to serve mid-size companies under the ‘mid-corporate’ banner in selected countries.

AGCS chief executive officer Axel Theis said the reorganisation reflected AGCS’s increasing diversification by product and geography, as well as its growth, particularly in the North American property and casualty market.

The AGCS chief regions and markets office (CRMO) which oversees the AGCS network of 28 offices and orchestrates market-facing activities, is to be split into three divisions from its current set up of two.

New board member Carsten Scheffel, currently the regional chief executive of AGCS in London will lead the AGCS business in UK, Ireland, the Nordic Region, Russia and Central & Eastern Europe, Middle East, Australia and New Zealand, and South America.

Prior to his move to London he served as regional chief executive of AGCS Americas for three years, having previously held a number of positions in corporate underwriting within Allianz Group. 

Art Moossman, already a member of the AGCS SE board of management, leads the second region with a newly refined focus on North America.

Andreas Berger retains responsibility for the third region covering Germany, Austria and Switzerland, the Mediterranean Region, Asia and Africa. He is also responsible for managing the broker distribution channel for the Allianz Group.