Allianz Global Corporate & Specialty appoints CEO

Allianz Global Corporate & Specialty SE named Joachim Müller to be CEO, effective Dec. 1, the insurer said in a statement Thursday.

He will succeed Chris Fischer Hirs, who will step down as CEO on Nov. 30, Allianz said.  

Mr. Müller is now CEO of Allianz Versicherungs AG, the property/casualty insurer of Allianz Deutschland, and of Allianz Beratungs und Vertriebs AG, the sales company of Allianz Deutschland, the statement said.

He is also a board member of Allianz Deutschland AG, with responsibility for sales as CEO of ABV since 2014 and for property/casualty insurance, where he has been CEO since 2016, the statement said.

Andreas Kanning, a board member at ABV, will become CEO of ABV and a board member of Allianz Deutschland AG.

Klaus-Peter Röhler, CEO of Allianz Deutschland AG, will take over as CEO of Allianz Versicherungs, in addition to retaining his current responsibilities. He will also represent the property/casualty insurance division at the management board of Allianz Deutschland AG, the statement said.

“Chris has been with AGCS since its early days, and has been instrumental in shaping the company into the market leader it is today,” Niran Peiris, member of the board of management of Allianz SE with responsibility for anglo markets, global insurance lines, Middle East and Africa, said in the statement.

“I would like to thank him for his long-standing contribution to Allianz and to welcome Joachim into this new role. He is the right candidate to lead AGCS into the future.”