Allianz Holdings appoints new risk director for personal lines business

He previously served as the group risk director at a major insurance competitor

Allianz Holdings appoints new risk director for personal lines business

Insurance News

By Lyle Adriano

Allianz Holdings has named José Morago as risk director for its personal lines business, Allianz Personal.

Morago will be responsible for leading the risk function within Allianz’s personal lines business, overseeing the risk activities for LV= general insurance, Petplan, L&G general insurance, Allianz Musical Insurance and Home & Legacy. He will work closely with Allianz Personal CEO Steve Treloar, and will report to Allianz Holdings chief risk officer John Berry. As part of his role, Morago will also sit on the executive committee of Allianz Personal.

“I’m delighted that José has joined Allianz and look forward to working closely with him in his new role,” commented Allianz Holdings chief risk officer John Berry. “José is tremendously experienced and well known in the industry following his time spent as chair of the Institute of Risk Management. His track record is excellent and I am confident that he will help take our risk management to the next level.”

Prior to joining Allianz, Morago most recently served as group risk director at Aviva. With more than 25 years of experience, he had also served as deputy chief risk officer at the Financial Conduct Authority and was the chief risk officer at Ageas UK. He spent his early career in the US and Spain in both the insurance and banking sectors, having held senior risk roles at McKinsey, Moody’s and Banco Santander.

“It’s an exciting time to be joining Allianz and to be working on such a strong portfolio of brands in the personal lines market, in the middle of a fascinating risk and regulatory environment for the insurance industry,” said Morago. “I’m looking forward to working with the team and helping drive the business forward.”

Last week, Allianz Insurance pledged £100,000 to help its independent brokers reach carbon net zero in 2022. The Allianz Net Zero Accelerator initiative enables brokers to gauge their carbon footprint and also gives them access to a specialist environmental consultancy that can help them better achieve their reduction targets.

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