Thursday 28 Mar 2024
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KUALA LUMPUR (April 21): Joseph Gross has been appointed the chief executive officer (CEO) of Allianz Life Insurance Malaysia Bhd (Allianz Life), which is the life insurance arm of Allianz Malaysia Bhd.

In a statement from Allianz Malaysia today, it was revealed that Gross’s appointment is with effect from April 20, following the approval received from Bank Negara Malaysia.

Gross, 51, has over 14 years of experience with Allianz and has held various senior management positions within Allianz SE Group, the holding company of Allianz Malaysia.

Prior to his appointment as CEO of Allianz Life, he was the head of group market management of Allianz SE and responsible for the leadership of the global brand management for Allianz, driving digital transformation and true customer centricity as core strategic priorities for Allianz, globally.

Allianz Malaysia CEO Zakri Khir said Gross has achieved milestones for Allianz SE, having formed the market management division within Allianz SE Group to spearheading its digital agenda, which has made Allianz the global brand it is today.

“We are confident that he will bring Allianz Life to greater heights, strengthening our commitment to our customers,” said Zakri.

Allianz Life offers a comprehensive range of life and health insurance and investment-linked products. For the financial year 2015, Allianz Life recorded gross written premiums (GWP) of RM1.95 billion and is one of the fastest growing life insurers in Malaysia.

At 2.58 p.m., Allianz Malaysia shares were down 20 sen (1.92%) to RM10.22, for a market capitalisation of RM1.73 billion.

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