Allianz combines captives and multinational P/C businesses
Allianz Global Corporate & Specialty SE (AGCS) in July 2022 announced it had merged its captive solutions team into its multinational business. AGCS’s multinational business provides ART (alternative risk transfer), global programs, captive fronting, and reinsurance to large and mid-sized companies as far as P/C coverage is concerned.
Guy Money, previously global head of product at AGCS, is the new global head of multinational business. He is based in London and reports to Allianz Management Board member Henning Haagen, chief regions and markets officer.
Jayesh Patel becomes global head of multinational market practice. He was previously regional director for U.K. and Ireland at Allianz Global Benefits (AGB), in charge of sales and distribution in the region.
While AGCS is addressing client needs in the P&C area, Allianz Global Benefits is the Allianz Group’s entity driving global employee benefits solutions, creating and coordinating global programs for multinational corporations in the Life & Health area. This includes Multinational Pooling, Global Underwriting and Global E.B. Captive Solutions. A successor for Jayesh, who will take over the U.K. and Ireland markets as regional director, will be announced shortly.