Allianz reshuffles AGCS aviation & marine leadership following departures

Allianz Global Corporate & Specialty SE (AGCS) has reorganised its aviation and marine management team, in a move it hopes will drive growth and profitability in its specialty business.

Ulrich Kadow will be appointed AGCS global head of marine effective July 1, and Tom Fadden will be appointed as AGCS global head of aviation.

Both the executives will report directly to chief underwriting officer specialty Paul O’Neill who will directly oversee the energy line of business on an interim basis.

Currently chief agent of AGCS Canada, Kadow is taking over from current global head of marine and energy Simon Buxton, who is leaving Allianz to pursue other opportunities outside the company.

Until a successor in Canada is confirmed, Kadow will maintain a dual leadership role for both the country and marine line of business responsibilities. Kadow has led AGCS’ Canadian business since May 2015, after originally joining AGCS in 2006.

Fadden will succeed Michael Hansen, who will leave Allianz later this year. He is currently regional head of aviation for regional unit London and global airline product leader. He will maintain his regional leadership role on an interim basis. Fadden joines Allianz in 2004.

O’Neill said: “I welcome both Tom and Ulrich to the Specialty leadership team. They are both well connected with clients and brokers globally and bring a strong management track record as well as profound underwriting expertise. I have every confidence that together we will further drive growth and profitability in our Specialty business in the future.”