Allianz Global Corporate & Specialty (AGCS) has appointed Sinéad Browne as its UK CEO, succeeding Brian Kirwan who will depart from the company at the end of the year.

Browne will assume this role in addition to her responsibilities as chief regions and markets officer.

She joined the AGCS board in 2012 as chief operating officer (COO), prior to taking on her current chief regions and markets officer role earlier in 2018.

Originally joining Allianz Group in 1993, she has since held progressively senior roles in underwriting, organisational and strategy development and operations at Allianz Ireland, Allianz SE and Allianz Re.

Tracey Hunt has also been appointed deputy CEO for AGCS UK.

Hunt joined AGCS in September 2012 as head of growth markets, energy. She has held her current regional head of energy role since January 2015.

Reporting directly to Browne, as deputy CEO, AGCS UK, Hunt will have oversight across all lines of AGCS’ lines of business, as well as overseeing key client and broker relationships in the UK.

She will retain her current responsibilities as regional head of energy for regional unit London going forward.

Both Browne and Hunt will assume their roles on 1 January 2019.

Browne commented: “Under Brian’s leadership AGCS UK is positioned strongly for the future,”

“I would like to thank Brian for his contributions and we at AGCS wish him the very best for the future.

“I’m very pleased to welcome Tracey to the position of deputy CEO for the UK. With over 20 years’ working in insurance, her wide-ranging market experience across underwriting, broking, claims and consultancy is an ideal fit for the role. We will work closely together in partnership with clients and brokers to drive the business forward and continue to deliver innovative solutions to help our customers navigate the complex world of current and emerging business risks.”