Allianz World Company & Specialty (AGCS) has appointed Mike Martin as world head of property, efficient Could 16. He shall be primarily based in Atlanta and can report back to Shanil Williams, chief underwriting officer, company.
Martin joins AGCS from AIG and succeeds Maria Grace, who left AGCS in late 2021. He has over 35 years of expertise in worldwide property underwriting, most not too long ago as chief underwriting officer – US retail property with accountability at AIG. There, he led the property underwriting transformation technique and driving technical excellence. Previous to that, he held varied insurance coverage trade govt roles at Velocity Threat Underwriters, Liberty Mutual, XL, and Industrial Threat Insurers, primarily based within the US, Bermuda, and Switzerland. He has a level in engineering and mechanical know-how from Texas Tech College.
AGCS additionally promoted Srdjan Todorovic as head of worldwide political violence and hostile setting options, primarily based in London. This unit is a part of AGCS’s property line of enterprise and supplies disaster administration companies to worldwide corporations, serving to them reply to conditions reminiscent of terrorism, political violence, and hostile environments. Todorovic succeeds Björn Reußwig, who will depart the corporate on July 1. Todorovic joined AGCS in April 2015 as head of terrorism, regional unit London.
“A heat welcome to Mike and congratulations to Srdjan,” Williams mentioned. “I’m very happy to carry Mike into our underwriting management staff together with his worldwide and North American expertise, which displays the variety of our world portfolio. His mixture of technical excellence in underwriting and a powerful buying and selling mentality will assist us to development profitably in property within the years forward, together with within the strategically vital North American market.
“Srdjan has established himself as an trade skilled within the political violence and terrorism phase and he’s precisely the appropriate individual to proceed to develop our companies for shoppers as we broaden our property insurance coverage providing, constructing on Björn’s nice work on this space. All of us want Björn properly in his future profession past Allianz.”
AGCS’ property line of enterprise contributed round 11% of AGCS’s world gross written premium of €9.5 billion.