Allianz Global Corporate & Specialty (AGCS) has announced the appointment of Ulrich Kadow as global head of marine and Tom Fadden as global head of aviation. The dual appointments are effective July 01 and both will report directly to chief underwriting officer specialty Paul O’Neill, who will oversee the firm’s energy line of business on an interim basis.

Currently chief agent of AGCS Canada, Kadow will take over from Simon Buxton, the current global head of marine and energy who will leave Allianz to pursue other opportunities outside the company. Until a successor in Canada is confirmed, Kadow will maintain a dual leadership role for both that country and the firm’s marine line of business responsibilities.

Meanwhile, Fadden is currently the regional head of aviation for regional unit London and global airline product leader. He will succeed current global head of aviation Michael Hansen, who leaves Allianz later this year, and will maintain his regional leadership role on an interim basis.

“I welcome both Tom and Ulrich to the specialty leadership team,” said O’Neill. “They are both well connected with clients and brokers globally and bring a strong management track record as well as profound underwriting expertise. I have every confidence that together we will further drive growth and profitability in our specialty business in the future.”