Maria Grace appointed Global Head of Property at Allianz Global Corporate & Specialty

Press release | May 10, 2021 | Johannesburg/London/Munich/New York/Paris/São Paulo/Singapore
  • Grace joins AGCS from Everest Re Group succeeding Thierry Portevin who leads AGCS’s global risk consulting team since March.
  • Property line of business contributed 10 percent to AGCS’s global premium income in 2020
Maria Grace
Maria Grace

Effective May 17, Maria Grace, will be appointed Global Head of Property at Allianz Global Corporate & Specialty (AGCS), reporting directly to Chief Underwriting Officer Corporate, Tony Buckle. Grace succeeds Thierry Portevin,who leads AGCS’s global risk consulting team since March 2021.

Maria Grace joins AGCS from Everest Re Group, where she served as the Chief Underwriting Officer for Property and Inland Marine at the Group’s Insurance Company. Prior to Everest Re, she held numerous executive and managerial roles at Starr Companies, AIG North America and AIG’s Latin American and Caribbean division. Grace has over 23 years of commercial underwriting and claims experience and holds a Bachelor of Laws (LL.B) from the Pontificia Universidad Javeriana in Colombia and a Juris Master’s Degree from George Mason University School of Law in the United States. Currently based in the United States, she will re-locate to AGCS’s headquarter in Munich in the coming months.

Chief Underwriting Officer Corporate and Board Member Tony Buckle says “I am delighted to welcome Maria to AGCS as Global Head of Property. She has wide experience in both underwriting and claims and a proven track record in terms of both technical excellence and profitable growth across the market cycle. We will all benefit from her experience and energy as we take Corporate Property forward and make the most of current market opportunities globally."

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 2020, Property contributed 10 percent to AGCS’s global gross written premium of 9.3 billion euro.

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. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

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 around 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.

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