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AGCS combines captives, multinational business

Guy Money

Allianz Global Corporate & Specialty SE, a unit of Allianz SE, said Thursday it has folded its captive solutions team into its multinational business and reorganized its global leadership.

Guy Money, has been promoted from global head of product at AGCS to global head of multinational business, succeeding Nigel Leppitt. Mr. Money, based in London, reports to Henning Haagen, chief regions and markets officer.

Brian McNamara, previously Bermuda-based head of global captive fronting, has been appointed global head of captive solutions. He reports to Mr. Money.

Mr. Leppitt has been retained as global head of business transformation in the multinational business.

Jayesh Patel was named global head of multinational market practice, based in London. He was previously regional director for U.K. and Ireland at Allianz Global Benefits, where he led sales and distribution in the region.

The multinational business will provide traditional, multi-line global programs, captive fronting and reinsurance, as well as combinations of traditional and alternative risk transfer.