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Monday, April 15, 2024

Allianz Business bolsters management staff in Nordics 

Allianz Business has employed former Chubb government Margaretha Mo as its new nation managing director for the Nordics. 

Mo, who brings almost three a long time of trade expertise, will oversee the P&C and specialty insurance coverage segments for the Nordic markets, which embrace Denmark, Finland, Iceland, Norway and Sweden. 

Her background within the insurance coverage sector consists of her most up-to-date function as nation supervisor for Chubb in Sweden.  

Based mostly in Stockholm, she’s going to report on to Allianz Business regional managing director for Benelux & Nordics Elke Vagenende, who is about to start her duties in April after her appointment in October 2023. 

Vagenende, becoming a member of Allianz from AIG, the place she served as the worldwide head of multinational, will probably be tasked with driving the industrial insurance coverage enterprise.  

Allianz Business chief areas and markets officer Dirk Vogler stated: “Margaretha Mo is well-known within the Nordics insurance coverage and reinsurance market and I’m delighted she is becoming a member of us at Allianz Business.   

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“She brings a observe document of measured monetary development in addition to robust change administration expertise gained from each service and dealer sides. The staff and I stay up for working along with her to unlock the total potential of Allianz Business within the Nordics area.” 

Allianz Business, a division of insurance coverage big Allianz, caters to mid-sized companies, giant enterprises and specialist danger sectors.  

The German insurance coverage firm has been actively enhancing its providers. 

Final month, Allianz introduced the formation of a brand new in-house staff devoted to managing monetary traces claims.  

This staff, working from Milton Keynes within the UK, goals to enhance the claims course of for Allianz’s administrators and officers {and professional} indemnity merchandise. 

Just lately, the corporate closed the acquisition of Tua Assicurazioni from Assicurazioni Generali for €280m ($304.53m).  

This deal, introduced in October 2023, is about to extend Allianz’s market share within the Italian P&C insurance coverage sector by roughly one share level.  

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