• Henning Haagen is currently Regional Head of Specialty and Northeast Zone Executive for AGCS North America and will become Chief Underwriting Officer Specialty effective March 1, 2020.
• Haagen brings extensive experience in international Underwriting and Reinsurance business.

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, appoints Henning Haagen as Chief Underwriting Officer Specialty and member of the Board of Management, subject to regulatory approval. Effective March 1, 2020, Haagen will succeed Paul O’Neill, who left AGCS in 2019.

As Chief Underwriting Officer Specialty, Haagen will take over responsibility for AGCS’ Aviation, Entertainment, Marine and Mid Corporate Lines of Business. He will also oversee the AGCS Global Underwriting Integrity and Solutions function, which establishes common underwriting practices across all AGCS lines of business and in line with Allianz Group Property & Casualty standards, and the AGCS Underwriting Academy, which offers expert trainings to AGCS staff.

Haagen is currently AGCS’ Regional Head of Specialty and also Northeast Zone Executive for North America, a role he has held since January 2017. An announcement will be made at a later date on a successor to his current roles. Haagen is a German citizen and will relocate from New York to Munich in 2020.

Prior to his current role in the United States, Haagen was AGCS Global Head of Aviation, and since joining in 2008, he has held several senior underwriting positions within the organization in Munich and London, including Chief Aviation Underwriting Officer for the EMEA and Asia Pacific regions, Global Head of Reinsurance and Head of Aviation Reinsurance Underwriting. He has over 20 years’ underwriting experience, and before joining AGCS, Henning worked as a Senior Underwriter for both GE Frankona Reinsurance AG and Augsburg Re, a Managing General Agent. He began his insurance career at Gerling Insurance and Reinsurance.

Joachim Mueller, AGCS Chief Executive Officer notes, “We need strong focus on underwriting at Board level, and Henning brings much experience in this area, with many years in the international Specialty and Reinsurance business. He will take responsibility for a key part of our business, and I look forward to working with him to manage our global portfolio with a continued focus on underwriting excellence and profitability.”

About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 12 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 33 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2018, AGCS generated a total of €8.2 billion gross premium globally.

For more information please visit http://www.agcs.allianz.com/ or follow us on Twitter @AGCS_Insurance and LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements.

Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group’s core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures, and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

The matters discussed herein may also be affected by risks and uncertainties described from time to time in Allianz SE’s filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statement.