Allianz Launches Motorsports Unit in North America

Building on its established presence in both film and TV productions as well as live events, Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS), announced the launch of a dedicated motorsports unit in North America to be led by David Cloward, global product leader for Live Entertainment, effective January 1, 2016. National Program Management will be led by Kelly Iwan, entertainment executive underwriter for AGCS. This new division will offer coverage solutions designed exclusively for racing facilities, events, teams, sponsors and sanctioning bodies.

Under the global AGCS Entertainment umbrella, this launch will begin in the U.S., followed by expansion into Canada and Europe in the coming years. AGCS has aligned with Alive Risk as its managing general agent. Specializing in motorsports, Alive Risk employs top experts in underwriting, risk management and claims with detailed knowledge of racing facilities, events and teams. Alive Risk is a division of All Risks, Ltd., the largest independently held broker in the U.S.

The global AGCS Entertainment arm was formed in January of 2015 after the integration of the commercial insurance business of the Fireman’s Fund (FFIC) into AGCS. For decades, FFIC’s entertainment business has enjoyed a strong reputation as a market leader in North America and is now supported by AGCS’s extensive global network, technical expertise and comprehensive product portfolio.

Source: Allianz