Allianz appoints MD for 2018
Allianz Australia is appointing its current chief technology officer, Richard Feledy to the new position of managing director which he will assume on 1 January 2018.
Allianz Australia chairman, John Curtis, said the Allianz SE Board of Management Allianz Australia Limited’s Board of Directors had selected Feledy after a lengthy search.
“[Feledy] brings a broad and deep knowledge of insurance to the role, serving on the leadership team of Allianz for seven years as our chief technical officer,” Curtis said.
“Richard’s experience across all aspects of insurance and leadership qualities make him a great fit for the position.”
Feledy would replace Niran Peiris who had been promoted to the Allianz SE Board of Management, effective next year. Prior to the commencement of the managing director role in January, Feledy would take on the newly-created interim position of deputy managing director under Peiris.
The prominent focus for Feledy for the rest of the year would be the enhancement of Allianz’s digital agenda, as well as the development of stronger customer-focused practices.
AUTHOR
Hope William-Smith
Recommended for you
The Federal Court has dismissed a conflicted remuneration case brought by ASIC against the director of life insurance distributor Freedom Group, where Bali holidays and Vespa purchases were among sales incentives.
Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Planning Association of Australia.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.
