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Succession plan at Allianz specialty unit unveiled


Allianz Global Corporate & Specialty S.E. said Monday that, effective July 1, 2018, Chief Operating Officer Sinéad Browne will assume the board-level role of chief regions and markets officer, succeeding Carsten Scheffel, who will retire in June.

Ms. Browne, based in London, will oversee the Allianz S.E. unit’s Regional Unit London, which includes the United Kingdom, Ireland, Nordics, Russia, Dubai and Australia, and the Asia and South America regions, the company said in a statement.

Bettina Dietsche, head of group operations at Allianz S.E. in Munich, will join global specialty on April 1, 2018, to succeed Ms. Browne as COO, subject to regulatory and Supervisory Board approval, according to the statement.

The company also said that Chief Claims Officer Alexander Mack will retire from Allianz Global Corporate & Specialty on June 30, 2018, with Philipp Cremer, now global head of claims portfolio strategy, taking on the role of global head of claims, reporting to CEO Chris Fischer Hirs.

Mr. Scheffel, 60, whose career with Allianz spanned 40 years, will also retire from the Allianz Global Corporate & Specialty Board, as will Mr. Mack upon reaching 60 in 2018.

“With her extensive knowledge of AGCS, I know Sinéad will have an immediate impact in her new market-facing Board role,” Mr. Hirs said in the statement. “Bettina brings a wealth of experience from across Allianz Group and beyond, and we welcome her to AGCS.”

“Thank you to both Carsten and Alexander for their many years of excellent work on behalf of AGCS, and Allianz Group more broadly,” Mr. Hirs added. “Both have been with AGCS from the early years of our foundation, helping expand our business and creating the strong global organization we are today.”