Allianz reshuffles its management team across its businesses

Joachim Müller has been named as the new CEO of Allianz Global Corporate & Specialty (AGCS).

Müller is currently CEO of Allianz Versicherungs, the property and casualty insurer of Allianz Deutschland, and of Allianz Beratungs- und Vertriebs (ABV), the sales company of Allianz Deutschland. He is also a board member of Allianz Deutschland AG.

He is succeeding Chris Fischer Hirs, who is stepping down as CEO on November 30. Hirs joined Allianz in 1999 as CFO of Allianz Risk Transfer, joining the AGCS SE board in 2007. He has held a variety of board positions and became CEO in 2015.

Andreas Kanning, currently a board member at ABV, will become CEO of ABV and a board member of Allianz Deutschland. Kanning joined Allianz in 1995 and took over several managerial tasks in the sales area. From 2012 until 2014 he worked in human resources at Allianz Deutschland, before being appointed to the ABV management board and then running the northern sales region and becoming labor relations director.

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

Niran Peiris, member of the board of management of Allianz SE, with responsibility for anglo-markets, global insurance lines, Middle East and Africa, said Hirs has been instrumental in shaping the company into the market leader it is today, but welcomed Müller to his new role, predicting he will “continue to transform the company and to secure its leading position in this important business segment for Allianz and for our customers.”