Allianz finance chief to return to Generali after 26 years

Allianz finance chief to return to Generali after 26 years | Insurance coverage Enterprise America

Newly created insurance coverage division aimed toward streamlining group’s organizational mannequin

Allianz finance chief to return to Generali after 26 years

Insurance coverage Information

Terry Gangcuangco

Allianz chief monetary officer Giulio Terzariol, who skilled at Generali for 2 years earlier than he joined the Munich-headquartered insurer in 1998, is returning to the Italian large to guide its newly created insurance coverage division.

Appointed as Generali’s first-ever insurance coverage chief govt, Terzariol is making his comeback in January 2024. As beforehand reported, he’s leaving Allianz to pursue a profession alternative in his residence nation.

In an emailed launch, Generali mentioned Terzariol can have oversight of the actions of the CEOs of all insurance coverage enterprise items inside Generali. These are:

  • Italy
  • DACH (Germany, Austria, and Switzerland)
  • France & world enterprise actions
  • Worldwide (together with Mediterranean & Latin America, Asia, and Central and Japanese Europe)

“The creation of the brand new division additional enhances coordination, effectiveness, and strategic alignment throughout geographies, streamlining and simplifying the group organizational mannequin and contributing to the achievement of the aims of the strategic plan Lifetime Accomplice 24: Driving Progress,” Generali highlighted.

As a part of his appointment, Terzariol will change into a member of Generali’s group administration committee. He’ll report back to group chief govt Philippe Donnet.

“We’re proud to welcome Giulio Terzariol as CEO insurance coverage at Generali,” Donnet commented. “We are going to profit from the wealth of expertise that Giulio is bringing to the group, main groups in several international locations internationally.

“It’s an thrilling time for Generali, as demonstrated by the success of our technique, sturdy monetary place, and worthwhile progress. I’m assured that with the addition of Giulio to our management workforce, just lately acknowledged by the market as the most effective in Europe, we’ll proceed to strengthen our place within the insurance coverage sector.”

An alumnus of Bocconi College Milan, Terzariol began his profession in insurance coverage at Generali Versicherung in Munich and Vienna.

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