A major international insurer has shaken up its senior management team in Australia, appointing a new head of intermediated insurance products.
Prompted by the impending retirement of Jonathan Poole, Allianz announced earlier today that its management structure will revert to having two dedicated distribution divisions.
Current Chief Financial Officer David Hosking taking up the new role of Broker and Agency Chief General Manager. Now in his sixth year with Allianz, Hosking will oversee all distribution through intermediaries.
Insurance products sold direct and through retail channels will be overseen by new Retail Distribution Chief General Manager Michael Winter, formerly the GM of Allianz’s Financial Institutions and Affinity branch.
The new appointments will be effective from August.
Mark Raumer, currently a partner at Ernst & Young will take on the role of Chief Financial Officer.
Allianz Australia Managing Director Niran Peiris says: “The retirement later in the year of Jonathan Poole as Chief General Manager Sales and Distribution provided the opportunity to consider the leadership model best suited to Allianz’s future growth.
“David and Michael’s intimate knowledge of our business will enable Allianz to continue our focus on delivering industry-leading products and service to our diverse range of distribution partners, while at the same time enhancing our One Allianz approach to the market.
“Mark’s wealth of knowledge of the Australian insurance industry will be a great contribution to our business and he will bring much experience and enthusiasm to our senior management team.”