AGCS focuses on Africa
Allianz Global Corporate & Specialty (AGCS) has signalled its intention to establish a significant local presence in Sub-Saharan Africa with the appointment of Delphine Maidou (pictured) as chief executive officer (CEO) of its regional subsidiary, AGCS of Africa Pty Ltd. Ms Maidou, currently AGCS’s head of market management in Canada, will be based in the company’s Johannesburg office and will lead its planned expansion across the region, taking overall responsibility for AGCS business in both South Africa and the wider Sub-Saharan zone.
Allianz Global Corporate & Specialty (AGCS) has signalled its intention to establish a significant local presence in Sub-Saharan Africa with the appointment of Delphine Maidou (pictured) as chief executive officer (CEO) of its regional subsidiary, AGCS of Africa Pty Ltd. Ms Maidou, currently AGCS’s head of market management in Canada, will be based in the company’s Johannesburg office and will lead its planned expansion across the region, taking overall responsibility for AGCS business in both South Africa and the wider Sub-Saharan zone.
AGCS plans to more than double its local team over the next three years to support this move. This investment will strengthen AGCS’s regional services so that all African clients and brokers will have access to its full range of products including property, marine cargo, general aviation, engineering, liability, financial lines and global programmes.
Andreas Berger, AGCS chief regions and markets officer, said: “AGCS’s global presence continues to grow allowing us to be where our international clients need us to be. The Sub-Saharan economic area is forecast to see significant growth in the coming years. Given the region’s abundant natural resources and the plans to significantly invest into infrastructure projects we expect this to continue and AGCS intends to be part of this growth. By welcoming Delphine to the local team, we are significantly increasing our presence in this region, demonstrating our commitment to developing new markets alongside our clients.”