Friday, February 3, 2023
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AGCS selects new international monetary traces chief

AGCS selects new global financial lines chief

Allianz World Company & Specialty SE (AGCS), the company insurance coverage provider of Allianz Group, has introduced the appointment of Vanessa Maxwell as international head of economic traces. Maxwell (pictured above) succeeds Shanil Williams, who was promoted in January to hitch the AGCS board of administration as chief underwriting officer, company. In her new position, Maxwell will report back to Williams.

Williams served as international head of economic traces for AGCS from 2019 to the top of 2021, and can proceed to supervise this line of enterprise on an interim foundation till Maxwell joins AGCS. Maxwell will take up her new position in June on the newest, the corporate mentioned. Each Williams and Maxwell will probably be based mostly in AGCS’s London workplace.

Monetary traces is AGCS’s largest line of enterprise, contributing roughly one-fifth of the corporate’s international premium quantity in 2021, and is focusing on new enterprise alternatives throughout all areas with merchandise together with administrators and officers protection, skilled legal responsibility and cyber insurance coverage.

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Maxwell will be part of AGCS from Berkshire Hathaway Specialty Insurance coverage, the place she at present oversees the UK franchise as nation supervisor. Previous to that, she served as head of govt {and professional} traces UK at Berkshire Hathaway. Earlier than becoming a member of Berkshire Hathaway in 2017, Maxwell held numerous managerial roles in monetary traces {and professional} legal responsibility underwriting at AIG in London and New York. She started her insurance coverage profession at AIG in New York in 2002.

“After an in depth search of expertise available in the market, I’m very glad that Vanessa has determined to hitch AGCS and stay up for working intently collectively along with her on this vital space of our enterprise,” Williams mentioned. “She is going to take over the worldwide management of our monetary traces e-book at thrilling occasions as we proceed to spice up our underwriting capabilities with new instruments and applied sciences, and in addition look to increase our portfolio globally in a worthwhile method. Vanessa’s intensive underwriting know-how, in addition to her international market expertise, will probably be large belongings to proceed the momentum we’ve in monetary traces and drive additional progress.”





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