Headquarters address |
Dieselstraße 8, 85774 Unterföhring, Germany |
---|---|
Year established |
2006 |
Size (employees) |
Around 4,250 |
Global locations |
Argentina, Australia, Austria, Belgium, Bermuda, Brazil, Canada, China, Colombia, Denmark, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Japan, Liechtenstein, Mexico, Myanmar, Netherlands, Norway, Portugal, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, United Kingdom, United States |
Gross written premiums |
€12.22 billion (2023) |
Underwriting expertise | Property & casualty insurance |
Key people |
Petros Papanikolaou (CEO, board member, Allianz Commercial CEO) |
About AGCS
Allianz Global Corporate & Specialty (AGCS) SE is a global corporate insurance carrier and a key business unit of financial services giant Allianz Group. Apart from property and casualty (P&C) insurance, the company offers risk consultancy and alternative risk transfer services through nine dedicated lines of business and six regional hubs – Asia Pacific, Central & Eastern Europe, Ibero/LatAm, London & Nordics, Mediterranean & Africa, and North America.
The firm’s client base ranges from small enterprises to Fortune Global 500 companies, including the world’s largest consumer brands, financial institutions, and tech firms. AGCS operates in more than 30 countries through the Allianz Group Network and has partners in more than 200 nations and territories across the globe. It is also one of the biggest P&C units of the Allianz Group.
Products and services
AGCS offers a comprehensive range of corporate and specialty business insurance products and services tailored to risks and opportunities in different industries through its nine dedicated lines. These are:
Leadership at AGCS
Petros Papanikolaou – CEO and board member
Papanikolaou was appointed CEO of AGCS in January 2024. He also assumed leadership of Allianz Commercial – the group’s integrated global model for serving the commercial property and casualty insurance segment.
Prior to his appointment, Papanikolaou was CEO of Central Europe for Allianz Group, a role he held since 2015. He also served as CEO of Allianz Hellas from 2004 to 2015 and general manager in its life, sales, and property and casualty businesses.
Culture at AGCS
Inclusion, diversity, and belonging is a core element of AGCS’s corporate culture. The firm values the importance of different perspectives and experiences and lives by the belief that inclusion is the essential ingredient to nurturing a diverse workforce. Because of this, the company has shifted its focus from awareness to allyship and advocacy. It implements a zero-tolerance policy towards discrimination and harassment. The company also encourages its staff to engage in employee resource groups, which cover many dimensions of diversity.
AGCS boasts net-zero business operations as well. This means “less paper consumption, less business travel, more green energy.” In line with this, the firm has established a dedicated ESG operations team to ensure that the company effectively contributes to the sustainability targets set out by Allianz Group. The team is tasked to create impact in key areas such as mobility, energy, offices, and IT. It is also responsible for building a strong connection among all contributing functions and the entire staff of AGCS for unified and industry-leading ESG activities. With regular “Green Weeks” across the company, AGCS plans to raise awareness and encourage all employees to engage and actively support its sustainability agenda.
He will focus on global P&C insurance for corporate clients
Member of the board of management takes the role until full-time successor is named
$450 million deal will broaden Arch's product suite
Parent firm's backing continues to play an important role
They used to be linked to Generali – now? What looks like worthless insurance