Allianz Global Corporate & Specialty installs dedicated ESG organisation
Allianz Global Corporate & Specialty (AGCS) has installed an established, dedicated in-house organisation for Environmental, Social & Governance (ESG) activities.
The firm has made several high-level leadership roles and appointments for the new leadership team.
Gabrielle Durisch will join the firm from Zurich Insurance Group in April 2023 as the new Global Head of ESG & Sustainability Solutions.
The role will allow her to help evolve AGCS’s ESG & Sustainability strategy and work with all AGCS lines of business to drive the development of new insurance solutions, including market opportunities in renewable energy, low-carbon technology, or sustainable construction and transport.
At the same time, Ralf Heintges was appointed Global Head of ESG & Sustainability Governance in September 2022, Within this role he oversees the decarbonization of AGCS’s own insurance portfolio over the coming decades in line with Allianz Group’s membership in the UN-convened Net Zero Insurance Alliance (NZIA).
Both Durisch and Heintges will report to AGCS Chief Underwriting Officer Specialty, Dr Renate Strasser who assumes responsibility for all underwriting related ESG activities of AGCS.
“Tackling climate change and other ESG factors increasingly drive the agenda, both in business and society. At AGCS we are committed to realizing Allianz Group’s sustainability strategy and becoming an ESG leader in the corporate insurance segment,” said AGCS Chief Underwriting Officer Specialty Renate Strasser.
“Our new ESG organizational set-up is now fully rolled out. We see this new business area as a priority for growth, focused on delivering impact and accelerating the path to a net zero world. Led by Gabrielle, Ralf and Katja we will drive engagement for sustainability topics across all our underwriting lines, Allianz Risk Consulting and core business functions.
“We will partner with our customers on their low-carbon transition, supporting them with new products and services and helping them mitigate increasing climate risk. The transition to a net zero economy can only be achieved in partnership and we are committed to do our part, together with our customers and supporting the climate partnerships of Allianz Group.”
Source: Reinsurance News, https://www.reinsurancene.ws/allianz-agcs-installs-dedicated-esg-organisation/