Allianz ordnet Führungsteam bei AGCS und Fireman’s Fund in Nordamerika neu

17.12.2014 – art_moossmann_150A new team will lead the combined Fireman’s Fund and Allianz Global Corporate & Specialty North American business beginning in 2015. Andrew Torrance, current President & CEO of Fireman’s Fund Insurance Company (FFIC), will step down from his position effective January 1, 2015, handing over this role to Art Moossmann, Member of the Board of Management of Allianz Global Corporate & Specialty SE (AGCS) with responsibility for North America.

Mr. Moossmann will take on dual responsibility for both FFIC and AGCS North America* (AGCS NA), as President & CEO of both organizations. Mr. Torrance will continue to be available to support the ongoing review of future options for the FFIC Personal Insurance business. Hugh Burgess, AGCS NA’s current CEO, will become AGCS’s Global Head of Mid-Corporate effective January 1st.

In September, AGCS and FFIC announced the integration of their commercial P&C businesses in the US to create one face to the market under the Allianz brand. This will take effect from January 1, 2015, with the transition to the Allianz brand taking place over the course of 2015. Options are still being considered for the FFIC Personal Insurance business. It is the intention, subject to legal and regulatory approval, to ultimately separate and consolidate the legacy business of FFIC, including legacy Asbestos & Environment exposures, legacy Worker’s Compensation, and legacy Construction Defect liabilities, into a stand-alone company, San Francisco Re (SF Re), which is currently a subsidiary of FFIC. SF Re will become part of the new Allianz Group unit, Allianz Runoff Management.

In addition to the CEO, the structure and leadership team for the combined organization will also come into place effective January 1, 2015. The new leadership structure aligns with the global business model of AGCS, reflects the regional scope of the North American market, and brings FFIC and AGCS managers into one team under Art Moossmann. The leadership team will coordinate the transition from the current structure to the new AGCS structure in 2015.

This leadership team will not only oversee the integration of the FFIC Commercial Lines management into AGCS and run the combined business in the future, but will also take responsibility for the Personal Insurance division of FFIC, pending decisions on the future direction of this part of the business.

Bild: Art Moossmann. (Quelle: AGCS)

Links: Allianz zerschlägt Fireman’s Fund, AGCS North America Leadership Team

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