The supervisory board of Allianz SE has extended the mandates of board members Sirma Boshnokova and Günther Thallinger.

Sirma Boshnakova

Boshnakova is responsible for the group’s insurance businesses in Western and Southern Europe, Allianz Direct and Allianz Partners.

Thallinger was responsible for investment management and sustainability. Both have had their mandates extended to December 2029.

Gunther Thallinger

“The extension of the mandates of Sirma Boshnakova and Günther Thallinger underscores the strength and stability of the Allianz management team,” said Michael Diekmann, Chairman of the Supervisory Board of Allianz SE.

“Sirma and Günther will continue to translate excellent customer experience into profitable growth and further strengthen the performance of our investment portfolio for the benefit of our policyholders,” said Oliver Bäte, chairman of the board of management of Allianz SE.

Allianz has completed the acquisition of Tua Assicurazioni from Assicurazioni Generali for €280m ($303.91m), expanding its P&C insurance operations in Italy.  

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The deal, announced in October 2023, has received regulatory approval and is expected to enhance Allianz’s market share in the Italian P&C sector by roughly one percentage point. 

Tua Assicurazioni, known for providing P&C insurance solutions, operates through a distribution network of nearly 500 non-tied agents and brokers.  

In 2022, the company reported gross written premiums of around €280m.