With effect from Wednesday, 1 July, the number of chief regions and markets officers on the AGCS SE board of management will be reduced from three to two.
Henning Haagen, current chief underwriting officer specialty, will assume responsibility for all AGCS regional units outside North America as chief regions and markets officer regional group one. This includes:
- Asia Pacific
- central and eastern Europe
- Mediterranean region
- regional unit London, and
- South America.
As chief regions and markets officer regional group two, Bill Scaldaferri will continue to head the North America regional group. Each CRMO will be responsible for approximately half of AGCS's business in terms of gross premium income of EUR 9.1-billion in 2019.
The two current AGCS CRMOs (Sinéad Browne and Hartmut Mai) will resign from the AGCS SE board of management with effect from Tuesday, 30 June 30 and pursue opportunities outside AGCS.
Their responsibilities will be merged into one single regional group one, under the lead of Haagen. He will also oversee global broker management. Underwriting and Claims appointments
In addition, there will be further board appointments for underwriting and claims. As a successor to Haagen's current role, AGCS has appointed Dr. Renate Strasser as chief underwriting officer specialty to its board of management, subject to regulatory approval.
She joins from the Zurich-based New Reinsurance Company Ltd. (NewRe), a subsidiary of Munich Re, where she is currently CEO. Haagen will retain his existing board responsibility for specialty lines of business (Aviation, Marine, Entertainment, MidCorp) on an interim basis until Strasser starts at AGCS on a date that will be confirmed in due course.
The current chief underwriting officer corporate Dr. Thomas Sepp will assume a re-established board role as AGCS chief claims officer. He will be succeeded by Tony Buckle, who will join from Axa XL with effect from Wednesday, 1 July, subject to regulatory approval. As chief underwriting officer corporate, Buckle will oversee AGCS' Corporate lines of business.
Joachim Mueller, AGCS chief executive officer, says, "Sinéad and Hartmut have been long-standing members of the AGCS SE board of management in various roles over many years."
"I would like to thank them for their extensive list of contributions and achievements. With the consolidation of regional leadership at board level, we aim to strengthen our global approach at AGCS and to simplify our organisation. I look forward to working with both Henning and Bill to act as one team at AGCS globally to service clients and brokers effectively in all our key markets," adds Mueller.
"Renate's strong technical and quantitative background, combined with her broad experience across the property and casualty industry, is exactly the skill set we need. Tony has a strong track record of re-positioning portfolios for performance, as well as extensive experience in underwriting and portfolio management," Mueller says.
"We have already come a long way in our underwriting turnaround and now the two new board members will further help in steering our portfolios to sustainable profitability," Mueller adds.
"Claims is the moment of truth for our clients and also a key element of technical excellence in our business. With his strong analytical skills as well as underwriting and claims expertise, Thomas will move our claims team to the next level, improving both services for our clients, as well as internal claims analytics and identification of loss trends," concludes Mueller.
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