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Global Head of Financial Lines

Job Level:  Management

London, GB, EC3V 0HR Unterföhring, DE, 85774

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  3888

The Role

AGCS seeks to appoint a new Global Head of Financial Lines. The role directly reports into the Chief Underwriting Officer Corporate and Member of the Board of Management. Within this role, you will have responsibility for the P&L, developing and executing the global strategy for the Financial Lines business.

Key Responsibilities include:

  • Ownership of the Global P&L for Financial Lines including North America
  • Direct Management of large Global Team and Matrix Management of Regional Teams and Pricing Actuarial
  • Develop, define, and execute the global strategy to drive profitable growth and a leading market position for the Financial Lines business. 
  • Provide strong leadership to the global Financial Lines underwriting teams with a focus on culture, D&I, Learning and Development
  • Steer and control the portfolio globally to meet financial targets through the cycle.
  • Develop and implement a consistent underwriting approach globally including guidelines, authorities, business reviews on annual basis to ensure appropriate governance
  • Work closely with the Financial Lines Pricing Actuarial Team to ensure appropriate technical pricing tools, segmentation analysis and profitability reviews are performed
  • Engage and collaborate with key stakeholders such with claims, actuarial, finance, operations, risk consulting and product governance
  • Manage costs appropriately through the P&L including acquisition cost.
  • Focus on retention, training and attraction of top Financial Lines Talent
  • Work closely with reinsurance department and brokers on all key reinsurance placements for Financial Lines
  • Drive the development and implementation of new technologies, pricing tools, data analytics and predictive modelling to enhance underwriting and service solutions.
  • Develop data driven underwriting strategy: Leveraging 3rd party data and Insurtech.
  • Work with communications and marketing on thought leadership, event management and marketing of capabilities.
  • Manage key MGA relationships
  • Ensure organizational structure and processes are designed to best serve external and internal customers.
  • Identify market opportunities, including potential markets, target segments and clients, in liaison with regional colleagues and other Allianz companies.
  • Proactively drive the development and implementation of new and modified products.
  • Support the improvement of NPS, acquisition of new business and retention of existing business in partnership with Global Distribution.
  • Based on the global remit of this role, the Global Head of Financial Lines is expected to travel regularly across the relevant locations and regions.


Background and Experience

  • Extensive experience in underwriting Financial Lines business ideally in multiple regions
  • Experience in D&O, PI, and Financial Institutions
  • Strong Communication Skills
  • Experiencing in both growing and remediating portfolios
  • Expert knowledge of major international markets, ideally including UK or US and strong network of broker and client relationships
  • Sound knowledge of pricing tools, profitability studies and the pricing actuarial function
  • Exposure to reinsurance
  • Sound knowledge and experience of portfolio management and Financial Lines reserving practices.
  • Successful track record of leading and developing global teams across numerous locations.
  • Experience of leading change in various business scenarios.
  • Strong leadership skills, with both direct and matrix reports leadership
  • Fluency in English with additional languages a plus



At AGCS we offer a range of benefits:

  • A hybrid working model, which recognizes the value in a balance between remote and office based working, giving you the flexibility to organize the way you work
  • An exciting and versatile job with an opportunity to work alongside skilled and specialised colleagues from all over the world
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies and initiatives to support a positive work life balance
  • A competitive compensation and benefits package including a generous bonus scheme 
  • Continuous learning: a large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
  • Diverse and inclusive culture: you will be accepted for who you are and empowered to use your voice to help others find theirs


Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.


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 10 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. Worldwide, AGCS operates with its own teams in 31 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 2020, AGCS generated a total of €9.3 billion gross premium globally.

In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders. This  is  an  exciting  time  to  join  AGCS  as  we  continue  on  our  journey  of  transformation,  regaining  market  leadership  and  achieving  success  together.  You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.


Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’s company culture.


One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. The company therefore expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across the Allianz Group.


Let’s care for tomorrow.