Allianz Global Corporate & Specialty Appoints New Global Head of Reinsurance and Catastrophe Risk Management

NOVATO, California, Oct. 1 -- Allianz Global Corporate and Specialty, a provider of insurance and risk consultancy services, issued the following news release:

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, announces the appointment of Hyeji Kang as Global Head of Reinsurance and Catastrophe Risk Management effective October 1, 2019. She will succeed Bernhard Arbogast, who will retire at the end of May 2020, and will report to Chief Financial Officer Claire-Marie Coste-Lepoutre. Ms Kang is currently Head of Actuarial Function based in Munich and prior to that she was Chief Actuary for the AGCS North American region. She will work together with Mr Arbogast over the coming months to ensure a smooth handover. Her successor will be announced at a later date.

Chief Financial Officer and AGCS Board Member Claire-Marie Coste-Lepoutre says "I'm very pleased to welcome Hyeji to my global leadership team, as she brings deep Actuarial knowledge through both her professional background and her leadership in one of the key AGCS regions for more than four years and in the Actuarial global team in Munich recently. I would also like to thank Bernhard for his expertise and professionalism and wish him the best for a very well deserved retirement after many years of dedication to Allianz."

Ms Kang joined the AGCS Chicago office in 2015 as Chief Actuary for North America. In 2018 she moved to Munich as Head of Actuarial Function. Prior to joining AGCS she held various consulting and in-house positions in PwC, CNA Insurance and Willis Towers Watson. Hyeji holds a degree in Economics from the Seoul National University.

Mr Arbogast will retire after more than 25 years of service at Allianz. He joined Allianz Group as a Reinsurance Underwriter at Allianz AG in 1987. After eight years working for Allianz he moved to Zurich Financial Services as Group Chief Actuary. In 2003 he came back to Allianz as Chief Financial Officer at Allianz Risk Transfer AG and from 2007 until now he has held the position of Chief Portfolio Officer at Allianz Risk Transfer AG. Since 2016 he has been also leading the AGCS Global Reinsurance and Catastrophe Risk Management team.

He will support Ms Kang for a handover period on his AGCS Reinsurance and Catastrophe Risk Management responsibilities up to the end of December 2019, at which point he will step down from the Allianz Risk Transfer AG Executive Board, until he fully retires from Allianz Risk Transfer AG at the end of May 2020.