Allianz AGCS' UK energy & construction leader exits after nine years

Allianz Global Corporate & Specialty (AGCS),  Allianz group's specialist corporate insurer, has revealed that its energy and construction leader Tracey Hunt (pictured) is leaving the company after nine years for an external opportunity.

Hunt had been serving a period of gardening leave since August, according to LinkedIn. She joined Allianz from broker Marsh in 2012 and served in various roles including as deputy CEO for AGCS UK from January 2019 to August 2020.

She will be succeeded by Anthony Vassallo as new regional head of energy & construction for London and Nordics.

Vassallo will now lead AGCS’ energy & construction business across the UK, Ireland, and Nordics with responsibility for the profitability of the portfolio and driving established and future solutions in these important areas of risk.

He will report to Alfredo Alonso, managing director of regional unit London and Nordics with an additional reporting line to AGCS’ global head of energy & construction. Alonso will remain based in the London office of AGCS, Allianz’s entity for large-scale corporate and specialty risks.

Since joining Allianz in 2003, Vassallo has worked in specialty lines across the London Market, Europe, Asia and South America on both underwriting and distribution sides of the business. Prior to his most recent role as regional lead - onshore energy for RUL & Nordics, he was responsible for strategy within the marine and energy, CUO team based in London. Before that, he led AGCS’ marine and energy team in South America, based in Rio de Janeiro.

Alonso said: “Anthony is well known and respected in our markets and under his leadership, our Energy & Construction team’s expertise and knowledge is perfectly placed to respond to the fast-growing exposures of modern businesses. His range of specialty experience and knowledge supports our focus on underwriting discipline, technical excellence and portfolio management.

"This appointment demonstrates Allianz’s commitment to nurturing and developing our employees, highlights the strength of our internal talent and means we continue to be expertly positioned to support our clients’ and brokers’ needs in these vitally important areas of risk. I very much look forward to continuing working together with Anthony in his new role.”

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