Allianz Appoints Ahmed To Head Its Reinsur Operations Effective Jan 1
29 September 2011 - 8:00PM
Dow Jones News
German insurer Allianz SE (ALV.XE) said Thursday that Amer
Ahmed, 44, will head the group's reinsurance business, effective
Jan. 1.
MAIN FACTS:
-Amer Ahmed will succeed Clemens von Weichs, 59, who headed the
unit since 2009.
-Ahmed has been chief risk officer and a member of the unit's
executive committee since 2007. In 2010, he was appointed president
of the organization to manage all aspects of the daily business
operations.
-Ahmed worked in close cooperation with von Weichs on the
further strategic positioning of Allianz Re within the group and in
the reinsurance market, in anticipation of his appointment to this
position.
-Allianz Re is Allianz group's center of competence for risk
management and capital management. It provides reinsurance
solutions for Allianz subsidiaries and writes business for
third-party clients in the open market.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500