Allianz has announced the appointment of Christian Sandric as Commercial Managing Director Asia in Singapore effective September 1st subject to regulatory approval.
Sandric will join from AIG where he worked for 24 years and a variety of roles throughout the region including Singapore, Japan, Hong Kong and Shanghai. He currently serves as President & CEO of Singapore, and Regional Manager for Indonesia, the Philippines and Vietnam and has overall management responsibility for AIG’s P&C business in those territories.
Mark Mitchell, the current Regional Managing Director for Asia, will continue in his role until Sandric joins, at which point he will step down to pursue opportunities outside Allianz Group.
The appointment is part of Allianz’s ‘Integrated Commercial’ strategy to better serve the Commercial segment, and marks the latest of similar leadership roles for other key Commercial markets globally including in Australia, France, Germany, the UK, and in Iberia and Latin America.
Joachim Mueller, who leads Allianz Commercial in his role as CEO of AGCS, said, “I am pleased to welcome Christian to Allianz Commercial and I know that his excellent knowledge and network across all major Asian markets will help us drive our business forward in this important growth region.”
Mueller also thanked Mitchell for his time at AGCS “I particularly want to thank Mark Mitchell for his very strong contribution to AGCS’s development in Asia Pacific. He and his team have built up this business with great professionalism, establishing the foundations on which Allianz Commercial can grow profitably in Asia.”
Allianz had announced in March that it would serve the global commercial insurance segment as one go-to-market business, using the new trading name of Allianz Commercial, combining its AGCS business serving large corporate and specialty clients together with the insurance businesses of Allianz’s operating entities serving mid-sized country-based accounts.
In Asia, Allianz is targeting growth opportunities across the full Commercial segment, covering key markets such as China (including Hong Kong), India, Indonesia, Japan, Malaysia, Sri Lanka, Singapore, South Korea, and Thailand.
The appointment of industry veteran Sandric is seen as a key step to achieving the business’s ambitious goals in Asia.