Furthermore, the supervisory board today appointed Mario Greco (45) to the Allianz management board as of May 1, 2005. He will assume responsibility for Europe II in future. Greco has served for more than 10 years in the top management of the Italian Allianz Group subsidiary Riunione Adriatica di Sicurtà (RAS). He has been CEO of RAS since 2000.
Enrico Tomaso Cucchiani (54), CEO of the 100% subsidiary Lloyd Adriatico in Italy, has been appointed to the International Executive Committee (IEC). Cucchiani will continue to coordinate Allianz Group’s efforts to increase its competitiveness and reap more synergies from its property and casualty insurance business worldwide.
Mario Greco to join the Allianz AG Board
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Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words 'may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue' and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group's core business and core markets, (ii) performance of financial markets, including emerging markets, (iii) the frequency and severity of insured loss events, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro-U.S. dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures and, (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The matters discussed herein may also involve risks and uncertainties described from time to time in Allianz AG's filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statement.
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