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Allianz SE on Friday named Christopher Townsend, former CEO of American International Group Inc.’s international general insurance operations, to its management board, as part of a series of changes.
Mr. Townsend will take charge of global insurance lines, including Allianz Global Corporate & Specialty SE, Euler Hermes, reinsurance, Anglo markets, Middle East and Africa, effective Jan. 1, 2021, Allianz said. He succeeds Niran Peiris, who is retiring Dec. 31.
Barbara Karuth-Zelle, currently CEO of Allianz Technology SE, has also been appointed to the management board and will be responsible for operations and IT effective Jan. 1, Allianz said. She will replace Christof Mascher, who is also retiring at the end of the year.
The board mandates of Allianz CFO Giulio Terzariol, and board members Ivan de la Sota and Sergio Balbinot have been extended, Allianz said.
(Reuters) — Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer's chief executive said in an interview.