Allianz Global Corporate & Specialty (AGCS) has announced the appointment of Gordon Browne as Global Head of Specialty, effective April. Browne will report to Shanil Williams, AGCS’ chief underwriting officer.
In his new role, Browne will oversee the underwriting and advancement of AGCS’ specialty businesses: aerospace, energy and construction, entertainment and marine.
Collectively, specialty businesses accounted for nearly 30% of the €11.2 billion (about $12 billion) in gross written premiums written by AGCS in 2022.
The appointment reflects the strategic importance of the specialty in AGCS’ global business and the opportunities arising from Allianz’s integrated business strategy, the company said. As part of this strategy, AGCS will work closely with national Allianz P&C companies to present a unified face to the commercial business market under the new Allianz Commercial trading name.
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Gordon has almost 20 years of industry experience in the US and UK. He comes to AGCS from AIG, where he served as Global Head of Energy and Construction and Head of North American Specialty. While at AIG, Gordon also served as UK Head of Energy and Construction and Global Product Line Executive for Energy and Engineered Risks. He has also held senior positions at Liberty International Underwriters and Marsh.
“I am pleased to welcome Gordon to our leadership team,” said Williams. “Specialty accounts are an important part of our customer base and with the launch of Allianz Commercial it is the right time to invest in and develop this space. Gordon will work with the Specialty Leadership Team to reinforce our strong position in this segment and ensure Specialty plays a significant role in partnering with Allianz’s national companies as we grow the broader commercial business.”
AGCS recently released a report highlighting the risks in the entertainment sector, one of its specialty businesses.
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