Yee’s appointment follows the launch of AGCS’s financial services industry practice in 2020 with Paul Schiavone as global industry solution director. Both Yee and Schiavone will report to Jeremy Sharpe, global head of distribution for AGCS. A similar role will be announced for the construction industry in the near future, the company said.
AGCS has introduced the new functions as part of its “New AGCS” transformation program to tailor product development, marketing and distribution to specific industries. Global industry solution directors will build special risk expertise for their sectors and help develop customized products across all AGCS lines of business, as well as other Allianz units.
“We are eager to develop a special value proposition for our key target sectors, and the global industry solution directors are at the heart of it,” said Henning Haagen, AGCS board member and chief regions and markets officer for the company’s business outside North America. “With Jody Yee, we have found the perfect first advocate for clients and brokers in the technology, media and telecom space. He will drive the development of bespoke solutions for them in the wide Allianz universe – be it traditional insurance products, global programs and, increasingly, also alternative risk transfer and captive support.”
AGCS is targeting business opportunities in the TMT sector, with particular focus on hardware manufacturing, software and IT professional services, data services, telecom carriers, and network operators, as well as media, the company said.
Yee has worked in both traditional insurance underwriting and alternative risk transfer. Most recently, he served as managing director and global practice group leader for cyber in AGCS’s alternative risk transfer division. In that role, he led a team that designed and launched the first insurer technology insurance partnership for Google Cloud customers. Yee joined AGCS in 2007 and has held several leadership roles in finance and underwriting in Munich, London and New York. In his new role, he will be based in London.
