Allianz Partners names new US CEO

Travel insurer Allianz Partners has promoted Elena Edwards to chief executive officer (CEO) of the US business unit.

Edwards succeeds Michael Nelson, who has left the company to pursue another opportunity in the travel industry.

Edwards joined Allianz Partners in 2019, when she was named to the newly created role of general manager of the US business unit. Prior to joining Allianz, She held a number of executive positions at Genworth Financial. Her career at General Electric companies spanned 30 years, including 17 years in the insurance industry.

Edwards will report to Dan Assouline, chief markets officer at Allianz Partners Group.

Sirma Boshnakova, CEO of Europe-based Allianz Partners Group, said: "We're deeply grateful for the leadership and dedication that Mike has demonstrated while rapidly growing the U.S. business during the eight years he spent with us."

"While we thank Mike for his service and wish him the best, we are tremendously excited to have Elena as our US CEO. Her leadership of our people and core business have contributed to our success and will help ensure a smooth transition. In addition, her strength of character and experience with driving strategic change during a time of significant market adversity will be a great asset in guiding the company through this current unprecedented time."