Allianz Global Corporate & Specialty (AGCS) reported that Adam Posner has been named senior underwriter for Terrorism & Political Violence insurance.
Posner will be based in New York and he will report directly to Marcos Garcia Norris, regional practice group leader for Crisis Management in North America.
Posner, a graduate of the University of Birmingham (UK) joins AGCS from XL Catlin (London) where he was a terrorism underwriter managing relations with brokers and serving as the point of contact for global terrorism inquiries. He was also responsible for daily risk analysis and published materials on the changing nature of terrorism exposures. Prior to this role, Posner focused on catastrophe modeling assessment for XL Catlin, including the areas of New York and Chicago.
According to Garcia Norris, business are looking for “more customized terrorism coverage than ever.”
“Whether it’s a lone-wolf terrorist attack or group riot situation, today’s commercial landscape is rife with new and evolving exposures, and so it’s imperative that we have the right talent to assess today’s threats faced by clients,” said Garcia Norris.
Christof Bentele, head of global Crisis Management for AGCS, said more clients in the U.S. are inquiring about international insurance programs, looking into expanding their terrorism cover into Europe and elsewhere, with a particular emphasis on business interruption.
Launched earlier this year, the AGCS Crisis Management division in North America assists clients in preventing, preparing for and recovering from crisis incidents. It resides within AGCS’s global liability line of business and provides insurance and services pertaining to product recall and contamination, hostile environment as well as terrorism and political violence.
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