Allianz Commercial has announced the appointment of Elke Vagenende to the role of Commercial Managing Director for its ‘Benelux and Nordics’ region.
According to the announcement, Vagenende will re-join Allianz during the first quarter of 2024 to lead this newly established region. She will also represent Allianz’s full set of Property and Casualty insurance solutions for mid-sized companies, large corporations, and specialty clients in the market.
Vagenende is currently AIG’s Global Head of Multinational, a role she has held since February 2021. Before that, she was Head of FINEX Western Europe for Willis Towers Watson from 2018 to 2021.
Prior to that, she spent six years with Allianz Global Corporate and Specialty in a variety of senior market facing roles, including Head of Market Management UK, Head of Financial Institutions and Head of Product Development both for Financial Lines.
Joos Louwerier, Regional CEO Allianz Benelux, said: “It is good to have Elke on board. With her leadership we will be able to build an even stronger and more integrated team to serve the Allianz Commercial specialty clients, large corporations- and mid-sized companies in the future in the Benelux and Nordics regions.”
The Benelux & Nordics region will service customers across Belgium, Netherlands, Luxembourg, Sweden, Denmark, Finland, and Norway.
Back in March 2023, the German insurer announced that it will serve the global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial.
The business will contain an integrated approach that encompasses its Allianz Global Corporate & Specialty (AGCS) business, serving large corporate clients and the insurance businesses of Allianz’s operating entities serving mid-sized country-based accounts.
It will now introduce this model to its AGCS and across Benelux & Nordics, using the trading name of ‘Allianz Commercial’ under Vagenende’s leadership.
In her new role, Vagenende will report to Dirk Vogler, Board Member of AGCS SE and Allianz Commercial Chief Regions & Markets Officer, in conjunction with Joos Louwerier.
Vogler commented: “I am delighted to welcome Elke back to Allianz – she’s a top executive in the market with a proven track record of delivery. With her appointment, this also marks a significant milestone – the completion of our regional leadership team across our 11 regions.”
