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MUNICH—Allianz S.E. has named Amer Ahmed CEO of its reinsurance business effective Jan. 1, 2012, the German insurer said Thursday.
Mr. Ahmed has been chief risk officer and a member of the unit’s executive committee since 2007. In 2010, he was appointed president of Allianz Re.
Mr. Ahmed succeeds Clemens von Weichs and will continue to be based in Munich.
TOKYO (Reuters)—Privately held Nippon Life Insurance Co. said on Tuesday it will invest €500 million ($726.3 million) in Germany's Allianz S.E. amid an overseas push by Japanese insurers as their traditional life insurance market shrinks.