MUNICH--(BUSINESS WIRE)--Allianz SE today announced leadership changes that will take effect from January 1, 2024:
Nina Klingspor, currently CEO of Allianz Private Krankenversicherungs-AG, Allianz private health insurance business in Germany (APKV), will be appointed as the new CEO of Central Europe for Allianz Group, subject to approval by the relevant corporate bodies. Allianz Central Europe is a regional entity with responsibility for Allianz national businesses in 11 countries in Central and Eastern Europe. She will succeed Petros Papanikolaou who will be appointed as the new CEO of Allianz Global Corporate & Specialty SE (AGCS), with additional responsibility for leading Allianz Commercial globally, subject to regulatory approval.
Nina joined APKV in 2019 and shaped a strategy and culture that has produced outstanding financial results and customer loyalty, achieving new levels of technical excellence and business development. She will be succeeded by Jan Esser, whose appointment is also subject to approval by the relevant corporate bodies.
Prior to being named CEO of APKV, Nina was CFO of AGCS for four years, and served as Head of Office for Allianz SE CEO Michael Diekmann from 2012 to 2015.
She joined the company in 2000 as Chief of Staff to the CEO of Allianz Global Investors and went on serve in roles including Head of Marketing and Head of Third-Party Distribution in Germany. She started her career at the Landesbank Baden Württemberg (LBBW), where she worked in both Stuttgart and Beijing, overseeing credit risk for Asian financial institutions and helping to build LBBW’s German Center Beijing. She holds a degree in economics from the University of Trier and studied Chinese in Taiwan.
Klaus-Peter Roehler, Member of the Allianz SE Board of Management, said “I want to thank Petros for the outstanding work he has done at Allianz Central Europe, his establishment of the regional entity and his successful transformation of the regional model. Nina is ideally suited to take on Petros role and drive our regional integrated strategy in the Central European region: Her proximity to sales, her financial knowledge, and her understanding for technical excellence as well as her teamplay are outstanding. With her personality and her skills, the Central European region will have a strong leader.”
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 714 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.
* Including non-consolidated entities with Allianz customers.
**As of June 30, 2023.
*** As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.
These assessments are, as always, subject to the disclaimer provided below.
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Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
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