A second Australian has been appointed to the International Executive Committee of the worldwide Allianz Group.

Singapore-based Bruce Bowers, the CEO of Allianz Asia, will join Australia MD Terry Towell on the 30-strong committee that assesses the group’s main strategic issues.

Mr Towell has been a member since 2000.

The Allianz board member responsible for growth markets, Werner Zedelius, says the inclusion of Mr Bowers on the committee reflects the growing importance of Asia for the company.