Paul Achleitner has been appointed finance director at German insurer Allianz.
The announcement prompted a six per cent rise in the share price, adding four billion euros to its share value.
The markets expect acquisitions on the back of the announcement.
Achleitner, a Goldman Sachs banker, is a specialist adviser in mergers and acquisitions.
One rumour doing the rounds is that Allianz is looking to tie in with Societe Generale, in which CGU has a substantial stake. Another is that Allianz may team up with another continental insurer to make an out right bid for CGU.
Achleitner joins Allianz in January.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
