TMNA, Allianz Global Corporate & Specialty SE and Lloyd’s Europe announced the appointments of new chief executive officers.

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TMNA, Inc., the holding company for four Tokio Marine Group companies in the U.S., named John Glomb its new chief executive officer of the Company effective Jan. 1.

Current TMNA CEO Bob O’Leary is stepping down and will remain as Chair of Philadelphia Insurance Companies and strategic advisor for Tokio Marine.

O’Leary has held the CEO position at TMNA since 2019.

Glomb is CEO of Philadelphia Insurance Companies (PHLY) and Tokio Marine North America Services (TMNAS). Both companies, along with Tokio Marine America Insurance Company and First Insurance Company of Hawaii (FICOH) are subsidiaries of TMNA.

Glomb will continue as CEO at PHLY and TMNAS, and serve as an executive officer on the Tokio Marine Holdings Executive Management Team.

Tokio Marine acquired Philadelphia Insurance Companies in 2008, a year after Glomb joined PHLY’s Underwriting Department as Senior Vice President of the Management and Professional Liability division. In 2009, he took on responsibility for PHLY’s entire Underwriting department as Senior Vice President. He was then appointed Chief Underwriting Officer in January 2011.

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Allianz Global Corporate & Specialty SE (AGCS) announced leadership changes that will take effect from Jan. 1, 2024, subject to regulatory approval.

Petros Papanikolaou, currently CEO of Central Europe for Allianz Group, will be appointed as the new CEO of AGCS. Papanikolaou will also assume leadership of Allianz Commercial, Allianz Group’s integrated global model for serving the commercial property/casualty insurance segment (mid corporate, large corporate and specialty customers).

He will succeed Joachim Mueller who, having led the successful turnaround of AGCS as well as the launch and setup of Allianz Commercial, has decided to pursue opportunities outside of Allianz upon the expiration of his contract and will step down as CEO from Dec. 31, 2023.

Papanikolaou has been CEO of Central Europe since 2015, with responsibility for Allianz national businesses across 11 countries, prior to which he was CEO of Allianz Hellas from 2004 to 2015 and a general manager in the life, sales and property/casualty business. Prior to joining Allianz in 1998, he served in a various financial management roles for AGF Kosmos and started his career as an auditor with EY.

AGCS and Local Allianz P/C Entities Now Trading as ‘Allianz Commercial’

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Lloyd’s, the insurance and reinsurance marketplace, announced that Jonathan May, currently chief financial officer and chief operations officer for Lloyd’s Europe will become Lloyd’s Europe CEO on Jan. 1, subject to regulatory approval, following the departure of Amélie Breitburd on Dec. 31, 2023.

May is currently a member of the Board of Directors and Management Committee of Lloyd’s Europe–and has played a key role in helping to establish the foundational strength of Lloyd’s European business.

Having begun his career with Ernst & Young, May joined Lloyd’s in 2006 and has a wealth of experience in leadership roles across the Corporation of Lloyd’s, including CFO and COO for the Greater China region, Asia Pacific Regional CFO, Lloyd’s global CFO and global COO, leading the finance and operations across Lloyd’s international network.

Breitburd was appointed CEO of Lloyd’s Europe, operating from Brussels, in April 2021. During her tenure, Lloyd’s European subsidiary has gone from strength to strength, securing its position as the platform of choice for European specialty commercial risk solutions, Lloyd’s said.

With May stepping up to the role of Lloyd’s Europe CEO, additional appointments were announced (subject to regulatory approval), including:

• Masumi Hashiguchi was appointed on Nov. 30 as CRO of Lloyd’s Europe
• James Davidson, currently LIC deputy CFO, is appointed CFO, and on an interim basis, LIC COO, effective from 1 January 2024. In line with his new role, James will join the LIC Management Committee and board, subject to shareholder approval.
• Benoit Waltregny is appointed LIC deputy CEO, alongside his current role as LIC General Counsel.