Allianz powers up renewable, green tech push with new global role

Allianz Global Corporate & Specialty (AGCS), the corporate insurance arm of  Allianz Group, has appointed a global head of natural resources with the aim of driving its climate transition across all segments of the energy industry, including renewables, oil and gas, power generation, and mining.

Anthony Vassallo has been appointed to the newly created role of global head of natural resources, reporting to global head of specialty, Gordon Browne.

Vassallo will focus on further evolving AGCS’s Natural Resources proposition to the market. AGCS said it has a “strong ambition to grow its footprint in the renewable energy and green technology segment as well as in the emerging global hydrogen economy.”

Vassallo joined Allianz in 2003 and has held a variety of roles in the specialty lines of the business, across the London Market, Asia and South America in both underwriting and distribution areas. Currently, he is global energy product leader and regional head of energy & construction, regional unit London. He will keep these roles in the interim until a successor is confirmed.

Vassallo will assume his new underwriting leadership position at a time when AGCS and Allianz OEs around the world move into a new chapter as Allianz Commercial, working in partnership to build a ‘powerhouse’ business across the full Commercial Property & Casualty segment (Mid Corp, Large Corp and Specialty).

Browne said: “With his extensive knowledge and expertise across Allianz, I am delighted to announce we are promoting Anthony from his regional management position to join our global Specialty leadership team. He has proven himself as a strong leader with the ability to manage and shape a global underwriting portfolio.”

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