Allianz Deutschland AG has appointed a new CEO to oversee Central and Eastern Europe and the Middle East. Manfred Knof, who is also the member of the management board responsible for operations, will succeed Bruce Bowers.
Broker Miller has added non-marine treaty reinsurance specialist John Park to its team in Asia.
Moving into China may provide considerable growth opportunities, but also creates a multitude of complex risks that require sophisticated insurance coverages, says Devadas Krishnadas managing director of Future-Moves, Southeast Asia’s first dedicated foresight consultancy.
Munich Re has appointed two new board members.
Munich Re has said it expects its profits to decline this year due to growing competition in reinsurance, changes in demand from insurers and the ongoing low interest rate environment.
Reinsurer General Reinsurance has promoted Martin Hacala to the role of global claims manager. In addition, Ron Lepinskas has joined Gen Re Claims as global casualty lines manager, and Geoff Piggot has assumed responsibility for global property lines.
Insurer Allianz has said it anticipates more growth in its Latin American operations despite economic growth in the region remaining below expectations.
Canopius Group posted solid results for 2013 – its tenth year in business and its last as an independent entity following its recent acquisition by Japanese insurer NKSJ Holdings.
Most re/insurers are now managing capital using metric-based frameworks and are publishing more about their risk management targets than ever before.
Willis has opened a representative office in the Republic of the Union of Myanmar, the country previously known as Burma. The office will be in the city of Yangon.