Allianz makes Euler Hermes and Allianz Re changes

Euler Hermes, the credit insurer owned by Allianz, has appointed Wilfried Verstraete as its chief executive officer. Mr Verstraete, currently the chief financial officer of Allianz Global & Corporate Specialty, will take up the role from April 1, 2009 and it marks his return to credit insurance, having once served as the chief executive officer of Atradius. Clemens von Weichs, the current chief executive officer of Euler Hermes, will become chief executive officer of Allianz Re on April 1, 2009. Mr von Weichs returns to the role after holding the position between 1994 and 2001.