Martiner, 47, will continue in her existing position as CEO of Allianz Risk Transfer AG, a subsidiary of AGCS. She succeeds Grant Maxwell, who is set to leave Allianz at the end of June.
Martiner, a qualified lawyer, joined the Allianz Group in 2011 as legal counsel and head of compliance in Zurich. Since then, she has held several leadership positions within AGCS and the ART business. She became a member of the executive board of Allianz Risk Transfer AG in October 2021 and was appointed CEO and general counsel of the unit in 2023.
Allianz Commercial considers its Alternative Risk Transfer (ART) as a strategic focus amid growing interest from clients seeking to enhance traditional insurance arrangements with non-traditional solutions.
These include structured insurance, captive fronting, parametric products, and sustainability-linked solutions. In 2024, the ART unit underwrote more than €2.0 billion in gross written premium, including fronting premiums.
Vanessa Maxwell, chief underwriting officer at Allianz Commercial, said the division remains an important area of growth and expressed confidence in Martiner’s ability to build on existing capabilities.
Alternative risk transfer encompasses financial strategies that allow organizations to manage risks outside traditional insurance mechanisms, including instruments like structured programs, parametric solutions, and captive insurance arrangements.
In 2024, structured and parametric solutions remained the most traded ART products, driven by pressures in lines such as property insurance and clients with significant losses.
Pricing in the ART market proved stable, with structured programs and parametric non-catastrophe solutions maintaining flat trends, while parametric natural catastrophe solutions saw rate changes ranging from -5% to +10%.
The demand for ART options remains high, especially among clients with challenging risk profiles or unfavourable loss experiences. Structured programs and parametric solutions are anticipated to remain prevalent, addressing insurance gaps and offering efficiencies not available through traditional approaches.
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