Allianz Global Corporate & Specialty SE (“AGCS”) is rearranging roles in the management team of its specialty business segment.
In a statement, AGCS said that Tom Fadden has been appointed as AGCS global head of aviation.
In addition, Ulrich Kadow is being named global head of marine.
Both will be reporting directly to Paul O'Neill, chief underwriting officer of specialty insurance and an AGCS board member, who will directly oversee the energy line of business on an interim basis.
Mr. O'Neill said, “I welcome both Tom and Ulrich to the specialty leadership team. They are both well connected with clients and brokers globally and bring a strong management track record as well as profound underwriting expertise. I have every confidence that together we will further drive growth and profitability in our specialty business in the future.”
Currently chief agent of AGCS Canada, Mr. Kadow will take over responsibility for AGCS's global marine portfolio from the current global head of marine and energy, Simon Buxton, who is leaving Allianz, AGCS said. Until a successor in Canada is confirmed, Mr. Kadow will maintain a dual leadership role, for both the country and marine line of business responsibilities.
Mr. Kadow has led AGCS' Canadian business since May 2015, after originally joining AGCS in 2006. During his 13 years with the company, he has held a variety of positions within AGCS in Europe, Asia, and North America and directly prior to his move to Toronto, was global head of package and multiline where he established the mid-market property, liability, and engineering business in Canada, Asia, South Africa, Australia, and Denmark.
He has an M.B.A. from Columbia Business School and an M.S. in computer science from the University of Technology Munich TUM. He also holds a chartered property casualty underwriter designation.
Currently regional head of aviation for regional unit London and global airline product leader, Mr. Fadden succeeds Michael Hansen, who leaves Allianz later this year.
Joining Allianz in 2004, Mr. Fadden has held his current roles since June 2016. Prior to that, he held a variety of aviation insurance roles, including senior airline underwriter, airline underwriting manager, and global airline product leader responsible for airline portfolio strategy and steering globally. With over 30 years of aviation insurance experience, he started his career at British Aviation Insurance Group/Global Aerospace where he held roles as product underwriter and senior airline underwriter. He holds an associateship of the Chartered Insurance Institute.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].