Johannesburg/London/Munich/New York/Paris/Sao Paolo/Singapore – June 13, 2019: Allianz Global Corporate & Specialty SE (AGCS) is rearranging roles in the management team of its Specialty business segment: Effective immediately, Tom Fadden will be appointed as AGCS Global Head of Aviation. Effective July 1 2019, Ulrich Kadow will be appointed as AGCS Global Head of Marine. Both will be reporting directly to Chief Underwriting Officer Specialty Paul O’Neill who will directly oversee the Energy Line of Business on an interim basis.

Chief Underwriting Officer Specialty and AGCS Board Member Paul O’Neill says “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, Ulrich Kadow will take over responsibility for AGCS’s global Marine portfolio from current Global Head of Marine and Energy Simon Buxton, who leaves Allianz to pursue other opportunities outside the company. Until a successor in Canada is confirmed, Ulrich 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 & Multiline where he established the mid-market Property, Liability and Engineering business in Canada, Asia, South Africa, Australia and Denmark. He has an MBA from Columbia Business School and an M.S in Computer Science from 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, Tom Fadden will succeed Michael Hansen, who leaves Allianz later this year. He will maintain his regional leadership role.

Joining Allianz in 2004, Mr. Fadden has held his current leadership 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.