Allianz appoints Jody Yee as Global Industry Solution Director for TMT

Johannesburg - Allianz Global Corporate & Specialty (AGCS) had today announced that Jody Yee will be appointed Global Industry Solution Director for Technology, Media & Telecom (TMT). The company said throughout his 18 years in corporate insurance and alternative risks transfer, he has specialized in developing innovative solutions to drive growth and scale business development.

In a statement issued this morning, AGCS said Yee's appointment follows the successful launch of the Financial Services industry practice in 2020, with Paul Schiavone as a Global Industry Solution Director. Both are reporting to Jeremy Sharpe as AGCS Global Head of Distribution. The insurer said a similar role will be announced for the Construction industry in due course.

AGCS has introduced these new global functions as part of the New AGCS transformation program to tailor product development, marketing and distribution to specific industries: Global Industry Solution Directors will build special risk expertise for their sectors and help developing bespoke solutions across all AGCS lines of business as well as other Allianz units.

Henning Haagen, AGCS Board Member and Chief Regions & Markets Officer for AGCS's business outside North America, welcomes Jody Yee joining the Global Distribution team: "We are eager to develop a special value proposition for our key target sectors and the Global Industry Solution Directors are at the heart of it. With Jody Yee we have found the perfect first advocate for clients and brokers in the technology, media and telecom space. He will drive the development of bespoke solutions for them in the wide Allianz universe – be it traditional insurance products, global programs and increasingly also alternative risk transfer and captive support."

The TMT sector is a very vibrant and valuable industry shaping the future for businesses and consumers alike on the strength of new technologies and next-generation networking. AGCS is targeting business opportunities in this sector, with a particular focus on hardware manufacturing, software & IT professional services, data services, telecom carriers and network operators as well as media. 

Allianz said Yee has worked in both traditional insurance underwriting as well as alternative risk transfer. In his most recent role as Managing Director and Global Practice Group Leader Cyber in the Alternative Risk Transfer (ART) division of AGCS, his focus was on business development, global captive fronting as well as structured and integrated transactions. He has a passion for applying technology to advance insurance offerings and led a team that designed and launched the first insurer technology insurance partnership for Google Cloud customers in March 2021. He joined AGCS in 2007 and has had several leadership roles in Finance and Underwriting in Munich, London and New York. His new role will be based in London.