AGCS ties structured insurance to captives in bid to attract multinationals

Allianz's global corporate specialty insurer AGCS is building out structured insurance and captive fronting as part of a drive into the alternative risk transfer business, a key official has indicated.

"We have broad risk appetite in multi-year, multi-line structured insurance for AGCS clients, with a focus on captive solutions," the AGCS global head of alternative risk transfer, Grant Maxwell, has said.

Maxwell has plans to increase staffing of ART specialists by about 20% and is additionally hiring into the related support staff, he claimed.

New ambitions follow a move to combine AGCS's offer for multinational with its captive solutions in a drive under the leadership of Brian McNamara, originally brought in to handle the fronting operations.

"Now we have optimised our organisational set up to serve the needs of a wider selection of our clients and partners," Maxwell said. "We bring these two core capabilities together under one roof and one leadership."

In structured insurance, AGCS chiefly helps clients line up multi-year and multi-line coverage. In captives, AGCS handles the full swathe of fronting services and additionally tailors the reinsurance needs.

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