Thomas Lillelund appointed CEO of Allianz Commercial and Allianz Global Corporate & Specialty SE

Media release | September 16, 2024 | Munich

Allianz Global Corporate & Specialty SE (‘AGCS’) today 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. Mr. 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, Mr. 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).

Chris Townsend comments: “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.”

Global/London: Hugo Kidston
Tel: +44 7881 803690
[email protected]
Munich: Philipp Keirath
Tel: +49 160 98 234 385
[email protected]

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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