AGCS Appoints Mike Martin Global Head, Property, Promotes Srdjan Todorovic To Lead Political Violence Unit
Mike Martin
Mike Martin will be appointed Global Head of Property at Allianz Global Corporate & Specialty (AGCS) with effect from May 16, 2022.
The firm has also promoted Srdjan Todorovic to lead the Political & Hostile Environment Solutions unit.
With this development, Mike Martin will be reporting to Chief Underwriting Officer Corporate Shanil Williams.
He joins AGCS from AIG and will succeed Maria Grace who left AGCS in late 2021. He will be based in AGCS’s Atlanta office.
Mike Martin joins Allianz Global Corporate & Specialty from AIG where he currently is Chief Underwriting Officer – US Retail Property
As a major line of business, Property contributed about 11 per cent to AGCS’s global premium volume in 2021
Srdjan Todorovic was promoted to lead AGCS’s specialist Political Violence & Hostile Environment Solutions unit
Mike Martin will be appointed Global Head of Property at Allianz Global Corporate & Specialty (AGCS), reporting to Chief Underwriting Officer Corporate Shanil Williams. He joins AGCS from AIG and will succeed Maria Grace who left AGCS in late 2021. He will be based in AGCS’s Atlanta office.
Mike Martin has over 35 years of experience in international property underwriting, most recently with AIG, where he currently is Chief Underwriting Officer – US Retail Property with responsibility for leading the property underwriting transformation strategy and driving technical excellence. Prior to that, he held various insurance industry executive roles at Velocity Risk Underwriters, Liberty Mutual, XL, and Industrial Risk Insurers, including roles in the US, Bermuda, and Switzerland. He has a degree in Engineering & Mechanical Technology from Texas Tech University.
The AGCS Property line of business provides comprehensive All Risks property insurance solutions covering physical damage and business interruption for large corporates across all sectors worldwide, from single premises to multi-location programs. In 2021, Property contributed about 11 per cent to AGCS’s global gross written premium of €9.5 billion.
AGCS also confirms the promotion of Srdjan Todorovic as Head of Global Political Violence & Hostile Environment Solutions based in London. This unit is part of AGCS’s Property line of business and provides crisis management solutions to international companies which help them to respond to a number of situations, from terrorism and political violence to hostile environments. Todorovic succeeds Björn Reußwig who leaves AGCS to pursue interests outside of Allianz from July 1. He joined AGCS in April 2015 as Head of Terrorism, Regional Unit London.
AGCS Board Member and Chief Underwriting Officer Corporate Shanil Williams comments:
“A warm welcome to Mike and congratulations to Srdjan. I’m very pleased to bring Mike into our underwriting leadership team with his international and North American experience, which reflects the diversity of our global portfolio. His combination of technical excellence in underwriting and a strong trading mentality will help us to growth profitably in Property in the years ahead, including in the strategically important North American market. Srdjan has established himself as an industry expert in the Political Violence & Terrorism segment and he is exactly the right person to continue to expand our services for clients as we broaden our Property insurance offering, building on Björn’s great work in this area. We all wish Björn well in his future career beyond Allianz.”
