Allianz Appoints Thomas Lillelund as New CEO of AGCS

Allianz Global Corporate & Specialty SE announced that Thomas Lillelund will join Allianz as the CEO of AGCS in early 2025 once his existing commitments have ended and subject to regulatory approval. Lillelund will also assume leadership of Allianz Commercial, Allianz Group’s integrated global model for serving the Commercial Property & Casualty insurance segment (Mid Corporate, Large Corporate and Specialty customers).

A Danish citizen with broad international experience, Lillelund is a global leader with a career of more than 25 years in the insurance industry. Prior to his current role as CEO of AIG Europe, Middle East and Africa, he has lived and worked in Europe, the UK, Singapore, South Africa, Hong-Kong and the United States for Aspen Re, Gen Re, and Swiss Re. He earned a bachelor’s degree in economics from The College of William & Mary (Virginia, U.S.A.) and a master’s degree in business administration from Western University (Toronto, Canada).

“I’m delighted to welcome Thomas to Allianz. He is known for driving profitable growth, for building cultures focused on clients and underwriting integrity, and for developing high-performing teams. I’m looking forward to working with him and the talented team at Allianz Commercial to further drive our integrated approach for large corporate, mid corporate, and specialty customers worldwide.” – Chris Townsend, Member of the Board of Management of Allianz SE.