W.R. Berkley Corp. brought in a new executive to lead its Berkley Select Unit. Allianz Global Corporate & Specialty rearranged the management team roles its Specialty business segment.
W.R. Berkley Corp. appointed Daniel Spragg as president of its Berkley Select unit.
Spragg is a 30-year veteran of the specialty insurance and insurance consulting industries. He most recently served as founding partner of A&M Insurance & Risk Management Services, the insurance and risk advisory practice at Alvarez & Marsal, an international management consulting firm, according to his LinkedIn profile.
Spragg was also previously chief underwriting officer at Global Indemnity Group and Allianz Global Corporate & Specialty before that.
Berkley Select provides professional liability insurance products across a broad spectrum of disciplines and industries for clients of various sizes and complexities.
Allianz Global Corporate & Specialty said it is rearranging the management team roles its Specialty business segment.
Effective July 1, 2019, Ulrich Kadow will be appointed as AGCS global head of Marine. Effective immediately, Tom Fadden is the new AGCS global head of Aviation. Both will report directly to Chief Underwriting Officer Specialty Paul O’Neill, who will directly oversee the Energy line of business temporarily.
Currently Chief Agent of AGCS Canada, Kadow will take over from current global head of Marine and Energy Simon Buxton, who leaves Allianz to pursue other opportunities outside the company. Until a successor in Canada is confirmed, Kadow will maintain a dual leadership role for both the country and Marine line of business responsibilities.
Kadow has led AGCS’ Canadian business since May 2015, after originally joining AGCS in 2006. During his 13 years with the company, he has held a variety of positions within AGCS in Europe, Asia and North America. Before his move to Toronto, he was global head of Package & Multiline, where he established the midmarket Property, Liability and Engineering business in Canada, Asia, South Africa, Australia and Denmark.
Fadden, currently regional head of Aviation for London and global Airline product leader, will succeed Michael Hansen, who leaves Allianz later this year. He will maintain his regional leadership role for now.
Fadden joined Allianz in 2004 and has held his current leadership roles since June 2016. Before that, he held a variety of aviation insurance roles, including senior airline underwriter, airline underwriting manager and global airline product leader responsible for portfolio strategy and steering globally. With more than 30 years of aviation insurance experience, he started his career at British Aviation Insurance Group/Global Aerospace where he held roles as product underwriter and senior airline underwriter.
Sources: W.R. Berkley Corp., AGCS