The supervisory board of Allianz SE has prolonged the mandates of board members Sirma Boshnokova and Günther Thallinger.
Boshnakova is liable for the group’s insurance coverage companies in Western and Southern Europe, Allianz Direct and Allianz Companions.
Thallinger was liable for funding administration and sustainability. Each have had their mandates prolonged to December 2029.
“The extension of the mandates of Sirma Boshnakova and Günther Thallinger underscores the power and stability of the Allianz administration group,” mentioned Michael Diekmann, Chairman of the Supervisory Board of Allianz SE.
“Sirma and Günther will proceed to translate wonderful buyer expertise into worthwhile progress and additional strengthen the efficiency of our funding portfolio for the advantage of our policyholders,” mentioned Oliver Bäte, chairman of the board of administration of Allianz SE.
Allianz has accomplished the acquisition of Tua Assicurazioni from Assicurazioni Generali for €280m ($303.91m), increasing its P&C insurance coverage operations in Italy.
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The deal, introduced in October 2023, has obtained regulatory approval and is anticipated to boost Allianz’s market share within the Italian P&C sector by roughly one proportion level.
Tua Assicurazioni, recognized for offering P&C insurance coverage options, operates via a distribution community of practically 500 non-tied brokers and brokers.
In 2022, the corporate reported gross written premiums of round €280m.
