Press release | September 22, 2026
Allianz Commercial appoints Stephen Morton as new Global Head of Captive Fronting and Captive Solutions
Allianz Commercial today announced that Stephen Morton will become its new Global Head of Captive Fronting and Captive Solutions, with effect from March 1, 2027. Stephen will be based in Paris and report directly to Lara Martiner, Global Head of Alternative Risk Transfer (ART) at Allianz Commercial. He succeeds Brian McNamara, who will retire at the end of September.
In this role, Stephen will continue to expand Allianz Commercial’s well-established global captive solutions portfolio and services which have strongly grown over the past 15 years, responding to increasing customer demand for multinational insurance and captive products. These services are delivered through Allianz Group’s extensive international licensing network, ranging from classic captive fronting for mono-line coverage to more sophisticated multi-year/multi-line solutions, including bringing together cross-border products and service capabilities from other Allianz business units.
Lara Martiner, Global Head of ART at Allianz Commercial, comments: “Our captive solutions team has gone from strength to strength in recent years, just as the captive market has grown in parallel, now totaling $60 billion in premiums across around 6,000 captives globally. I am delighted to welcome Stephen to our team as we continue to expand our services for clients and brokers across our network. I also want to thank Brian McNamara for his outstanding steering of this important part of our business over the last seven years, building up our position in the market to where we are now. We wish him well with his retirement.”
Executive profile: Stephen Morton
Stephen Morton has over 30 years of experience in the insurance industry, mostly spent in the multinational and captive area. Before joining Allianz, he was most recently AIG’s Global Chief Underwriting Officer, Fronting and Multinational, and prior to that has held a number of senior roles at AIG, including Head of Complex Multinational Solutions, and various regional Multinational and Captive leadership roles, based in Bermuda, London and Paris.
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About Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry, as well as family-owned and medium enterprises, which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions.
Powered by the employees, financial strength, and network of the world’s #1 insurance brand Allianz, as ranked by Interbrand, we work together to help our customers prepare for what’s ahead: They trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services as well as seamless claims handling.
The trade name Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either though our own teams or the Allianz Group network and partners. In 2025, the integrated business of Allianz Commercial generated around €17,3 billion in gross premium globally.
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