11 March 2016 Insurance

Allianz poaches former Prudential CEO for board

Insurance company Allianz has appointed Jacqueline Hunt to its board of management, taking over responsibility for asset management and US life insurance.

Hunt succeeds Jay Ralph, who is leaving Allianz at his own request to devote more time to his family. The supervisory board has approved his request to resign as a board member with effect June 30, 2016.

Hunt is the former chief executive officer (CEO) of Prudential for the United Kingdom, Europe and Africa. Her appointment will take effect July 1, 2016 until December 31, 2019.

Günther Thallinger has also been appointed as member of the board of management of Allianz with effect ‪from January 1, 2017 until December 31, 2019. He will assume responsibility for investment management as well as global life and health from Maximilian Zimmerer, whose board mandate will ‪end on December 31, 2016.

The supervisory board has acknowledged Zimmerer’s wish to retire and to not extend his board appointment for another term. Thallinger currently serves CEO of Allianz Investment Management.

Oliver Bäte, CEO, Allianz, said: "Jay Ralph adeptly implemented the two pillar strategy in our asset management segment and will be missed after almost 20 years in the company. I am delighted to welcome Jackie Hunt, a highly respected and accomplished professional, to Allianz."

He added: "Max Zimmerer has been an important asset to the group for almost 30 years, navigating our investment management successfully through tough market conditions. He has also been responsible for repositioning our life portfolio in order to support the Allianz renewal agenda.

“While it is sad to see Max leaving, I am glad that with Günther Thallinger, we have someone from our own talent pool succeed Max and ensure continuity."

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