Allianz Australia Limited today named Richard Feledy as its new Chief Executive Officer, effective January 1, 2018.
Richard Feledy, currently the Chief Technical Officer of Allianz Australia, will succeed Niran Peiris, who will join Allianz SE’s Board of Management with effect from January 1, 2018.
Before assuming his responsibilities as CEO, Mr. Feledy will move into a newly-created role of Deputy CEO. Allianz Australia Chairman John Curtis said: “Richard’s experience across all aspects of insurance and leadership qualities made him a great fit for the position. He is the right person to lead Allianz into the future. He brings a broad and deep knowledge of insurance to the role, serving on the leadership team of Allianz for seven years as our Chief Technical Officer.”
Dr. Axel Theis, Member of the Allianz SE Board of Management, said: “I would like to thank Niran for the great work he has done over the years in Allianz Australia and wish Richard all the best in his new role.”
Allianz Australia delivers a wide range of personal, commercial and corporate insurance products and services to more than 3 million policyholders. Over 50 percent of Australia’s top 200 BRW-listed companies have some form of insurance cover with the group and the group provides workers compensation services to around one-fifth of Australian employees.
Allianz represents one of the world’s strongest financial communities, offering a broad range of insurance and asset management services. In 2016, Allianz employed around 140,000 staff in some 70 countries and achieved total revenues of 122.4 billion euros and an operating profit of 10.8 billion euros. Allianz Group managed an investment portfolio of around 653 billion euros. Additionally our asset managers Allianz GI and PIMCO managed 1.3 trillion euros of third-party money. Allianz is active in a wide variety of sectors including real estate, infrastructure, renewable energy and equity and debt. Allianz’s long-term value strategies maximize risk-adjusted returns.
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