Henning Haagen, AGCS
23 January 2020Life

AGCS names new underwriting chief for specialty

Allianz Global Corporate and Specialty (AGCS) has appointed Henning Haagen as chief underwriting officer for specialty and to its board of management.

Haagen will take up his new post on March 1 this year, succeeding Paul O’Neill, who left AGCS in 2019. He assumes responsibility for AGCS’ aviation, entertainment, marine and mid corporate lines of business.

Haagen is currently AGCS’ regional head of specialty and also Northeast zone executive for North America, a role he has held since January 2017. No replacement for his current roles has yet been named.

In his new role, Haagen will oversee the AGCS global underwriting integrity and solutions function, which establishes common underwriting practices across all AGCS lines of business, ensuring alignment with Allianz Group property and casualty standards.  He will also be responsible for the AGCS Underwriting Academy, which offers training to AGCS staff.

Haagen joined AGCS in 2008. Before taking up his current position in the US he was global head of aviation, and has held a number of senior underwriting positions in Munich and London, including chief aviation underwriting officer for EMEA and Asia Pacific regions, global head of reinsurance and head of aviation reinsurance underwriting.

Before joining AGCS he was a senior underwriter for both GE Frankona Reinsurance and Augsburg Re, having started his insurance career at Gerling Insurance and Reinsurance.

Joachim Mueller, AGCS chief executive officer, said the group needs a strong focus on underwriting at the board level, which Haagen will provide.

“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,” he said.

The appointment is subject to regulatory approval.