Kamesh Goyal appointed as a CEO of Allianz Asia Pacific

V. Philip appointed as the designated CEO, Bajaj Allianz Life Insurance

Kamesh Goyal, has been appointed as CEO of Allianz Asia Pacific and would be based at Singapore. He is currently the Country Manager, Allianz and MD & CEO, Bajaj Allianz Life Insurance and would continue to remain as Allianz Country Manager for India.

V. Philip, currently COO of Bajaj Allianz Life Insurance has been designated as the new CEO, effective from 1st February 2011 and subject to approval from IRDA.

Commenting on the new appointments, Sanjiv Bajaj, MD, Bajaj Finserv Limited, said, “I am confident that Philip, who has been with Bajaj Allianz since inception, would be able to maintain the leadership position of Bajaj Allianz Life Insurance. Hemant Kaul would continue to lead Bajaj Allianz General Insurance. Both the companies continue to do well in the current environment. I congratulate Kamesh on his new role and am also happy that his continued involvement in Indian operations with me will provide continuity.”

Manuel Bauer, in-charge Growth Markets, Allianz, said, “Kamesh with his strategic leadership skills and his wide experience in attaining leadership position in the Indian market for Bajaj Allianz would be an advantage for Allianz in other emerging markets of Asia Pacific.”

Kamesh Goyal had joined Allianz in 1999 and was the COO of Bajaj Allianz General Insurance in 2001. He took over as its CEO in 2004. He took over as Country Manager and MD & CEO of Bajaj Allianz Life Insurance in 2007. Both the companies are among the leading private insurers in India.

V. Philip, has been with Bajaj Allianz since inception in 2001 in various roles and as COO of Bajaj Allianz Life Insurance for the past two years.

About Allianz
Globally, Allianz is one of the world's leading insurers and financial services providers and one of the first Societas Europaea. Founded in 1890, Allianz SE is now present in more than 70 countries with over 150,000 employees. Allianz provides about 75 million customers worldwide with a comprehensive range of services in the areas of property and casualty insurance, life and health insurance, and asset management.

Allianz SE is one of the leading primary insurers in the Dow Jones Sustainability Index. We support the principles of the Global Compact of the United Nations as well as the OECD Guidelines for Multinational Enterprises.

About Bajaj Allianz
Bajaj Allianz is one of the leading Private Sector life & general insurance companies in India. Bajaj Allianz is a union between Allianz SE, the world’s leading insurer and Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited, one of India’s most respected names). Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion Euros (over Rs. 55, 00,000 crores). At Bajaj Allianz, customer delight is our guiding principle. Ensuring world class solutions by offering you customized products with transparent benefits supported by the best technology is our business philosophy. Bajaj Allianz began its operations in 2001 and today has a pan-India presence with over with offices and presence in over 1100+ towns in the country. The companies have been constantly expanding its operations to be close to their customers.