Allianz Global Corporate & Specialty Regional CEO Carsten Scheffel has been appointed to the division’s board of management and taken on new area responsibilities that include Australia.

London-based Mr Scheffel will lead the business in the UK, Ireland, the Nordic region, Russia, central and eastern Europe, the Middle East, Australia, New Zealand and South America.

He was previously responsible for Australia, New Zealand, the UK, Ireland and Dubai.

Mr Scheffel is a former CEO of the Americas region, including the US, Canada, Mexico and Brazil.

Allianz Global Corporate & Specialty is Allianz Group’s industrial insurer.