Lara Martiner appointed Global Head of Alternative Risk Transfer, Allianz (AGCS)

Allianz Commercial, part of global insurer Allianz, has announced the appointment of Lara Martiner as Global Head of Alternative Risk Transfer at Allianz Global Corporate & Specialty SE (AGCS), effective April 1st, 2025, succeeding Grant Maxwell, who is leaving the German insurer at the end of June.

Martiner will also maintain her current role as Chief Executive Officer (CEO) of AGCS subsidiary, Allianz Risk Transfer AG.

Martiner has been with Allianz Group for over 14 years, having joined the company in 2011 as Legal Counsel, Head of Compliance, and location head in Zurich.

Throughout her career, she has held several senior roles within AGCS and its Alternative Risk Transfer division, including joining the executive board of Allianz Risk Transfer AG in October 2021 and taking on the role of Chief Executive and General Counsel one year ago.

Alternative Risk Transfer is a strategic growth area for Allianz Commercial, with increasing demand from clients looking to complement their traditional risk transfer programs with non-traditional solutions.

Parametric risk transfer remains a key component of the Allianz ART offering. In the past the group had a significant role in fronting for insurance-linked securities (ILS) capital providers, although has since pulled-back from that area.

In 2024, the firm’s Alternative Risk Transfer unit underwrote over €2 billion in gross written premium including fronting premiums.

With growing demand for non-traditional risk transfer solutions, including structured insurance, captive fronting, and bespoke risk solutions such as parametrics and sustainable solutions, Alternative Risk Transfer has become a strategic growth area for the firm.

“Congratulations to Lara on her appointment to this key role in our business and I look forward to working with her,” commented Vanessa Maxwell, Chief Underwriting Officer at Allianz Commercial.

Adding: “Alternative Risk Transfer is an area of key growth for us, and I have every confidence that she will continue to build on our capabilities and expertise, for the benefit of our wider business in future. I would also like to thank Grant for his capable and effective leadership of this business unit over the last five years and his almost 17 years with Allianz Group.”