Leading trade credit insurer Allianz Trade has announced that Aylin Somersan Coqui (pictured) will be stepping up as CEO and chairperson of the board of management of Allianz Trade.

Somersan Coqui, who has served as group chief risk officer of Allianz SE since 2020, will take over from Clarisse Kopff, who will be pursuing a new leadership role outside of Allianz as of November 30, 2022. The change is subject to regulatory approval.

In a Press release, Allianz Trade noted that Somersan Coqui, who holds a bachelor’s degree from Davidson College and an MBA from Harvard Business School, began her career as a financial analyst at Morgan Stanley in 1998, and later joined the Allianz Group in 2002. Since then, she has served in several roles with Allianz Global Investors and PIMCO before taking on multiple international leadership roles within the group including as CFO, CEO at Allianz Turkey and chief HRO at Allianz SE.

Commenting on the moves, Chris Townsend, member of the board of management of Allianz SE, expressed his thanks to Kopff for the “excellent work” she did for Allianz Trade and wished her well in the new chapter of her career.

“We wish Aylin all the best in her new role,” he said, “and are convinced that given her extensive background in both asset management and insurance as well as her technical expertise in risk, she is in an excellent position to oversee the continued momentum of Allianz Trade.”