Allianz Australia has announced Richard Feledy as its new MD from January 1, following the pending departure of Niran Peiris.

Mr Feledy is currently Chief Technical Officer at Allianz Australia, and will move into a newly created Deputy MD role before starting as MD.

“Richard’s experience, across all aspects of insurance, and leadership qualities made him a great fit for the position,” Chairman John Curtis said.

“He is the right person to lead Allianz into the future. He brings a broad and deep knowledge of insurance to the role, serving on the leadership team of Allianz for seven years as our Chief Technical Officer.”

The appointment follows a thorough recruitment process, endorsed by the Allianz SE Board of Management and Allianz Australia’s board.

As previously reported by insuranceNEWS.com.au, Mr Peiris has been promoted to the Allianz SE Board of Management from January 1.

More details in our regular bulletin on Monday.