26 March 2013EMEA analysis

AGCS ramps up African capabilities

Allianz Global and Corporate Specialty has recruited five new heads of business as it ramps up its African operations.

Working out of its Johannesburg offices, AGCS has appointed a new head of liability, head of financial lines, head of engineering and property, head of package and multi-line, and head of marine. AGCS has said that it is looking to develop its presence across the whole of sub-Saharan Africa, with the new department heads looking to take advantage of strong economic growth on the continent.

Commenting on the appointments, Delphine Maidou CEO of Africa Pty said: as part of AGCS’s global growth strategy, South Africa and Sub-Saharan Africa are important markets. I am pleased to welcome the new additions to the team. We are clearly stating to the market that AGCS is committed to building strong roots for the future.

“AGCS Africa is looking to grow significantly and being able to bring in further expertise will help us achieve this. Our plan is to use our established team in Johannesburg as the hub for sub-Saharan Africa in general. We will continue to focus on working with local brokers and having an active team of people on the ground in countries where the business is generated. As we continue to grow I look forward to strengthening the team further.”