RUSSIA: Nikolay KLEKOVKIN stepped down from the presidency of Allianz in Russia

On February 19, 2019, Phillip GRONEMEYER was appointed General Director of Allianz in Russia, and Svetlana AMSHANNIKOVA became the new General Director of Allianz Life. Previously both posts were held by Nikolay KLEKOVKIN, according to a press release of the Group.

GRONEMEYER has been working for Allianz Group since 2004. He held various posts in the Asia-Pacific region and in Munich. In 2016 he was appointed Director of the Allianz Underwriting business in Russia. Svetlana AMSHANNIKOVA has been working for Allianz Group since 2016. In 2018 she was appointed Chief Operating Office within the Board of Allianz Russia.

Allianz Group entered the Russian market in 1990. In 2001 Allianz acquired a 45.47% stake in ROSNO, and in 2007 became its main shareholder. Also in 2007, Allianz completed the acquisition of 100% of the Russian insurance company Progress-Garant, and in 2011 Allianz decided to merge its three Russian companies. In April 2012, the merged company Alliance began to operate on the local market. As of now, Allianz Group in Russia includes Alliance (non-life insurance), Alliance Life (life insurance), Medical Express and Progress-Med (medical insurance).

However, according to the Bank of Russia, since 2013 the Group's companies have shown different dynamics. For example, Alliance's premiums from 2013 to 2018 have shifted from 8th place (2013) to 50th place (3Q2018). The premiums of Alliance Life, on the contrary, went up from 36th place (in 2013) to 22nd place (3Q2018), but the development of the life insurer hasn't been stable over those years.

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