Global insurer ALLIANZ announced it named Remi VRIGNAUD (currently head of ALLIANZ SE CEO's chancellery) as CEO of its Austrian subsidiary, Allianz Versicherung Osterreich.

Remi VRIGNAUD joined the ALLIANZ Group's top management, as head of CEO Oliver BATE's chancellery in August 2016. Previously he held for about four years, the CEO position at ALLIANZ -TIRIAC Asigurari, the Romanian subsidiary of ALLIANZ.

Remi VRIGNAUD will take the new position on 25 August after receiving the approvals from the Finanzmarktaufsicht - the Austrian Financial Market Supervisory Authority.

Remi VRIGNAUD (40) will replace Dr. Wolfram LITTICH (born in 1959) - who runs the company for over 17 years. Thus, the appointment is presented on the Austrian subsidiary's website as "a generational exchange" between Dr. Wolfram LITTICH and Remi VRIGNAUD - his former assistant in 2001.

Annualy, the Austrian subsidiary of ALLIANZ Group generates GWP of about EUR 1.4 billion, of which EUR 400 million - life insurance, and EUR 1 billion - P&C insurance, respectively.