Allianz Holdings has appointed José Morago to the position of risk director for its personal lines business, with immediate effect.
In his new role, Morago will be responsible for leading the risk function within the personal lines business and overseeing the risk activities for LV= general insurance, Petplan, L&G general insurance, Allianz Musical Insurance and Home and Legacy.
In addition, he will sit on the executive committee of Allianz Personal and will work closely with Steve Treloar, Allianz Personal CEO.
Morago has over 25 years’ experience in the market and joins Allianz following roles as group risk director at Aviva and deputy chief risk officer at the Financial Conduct Authority. He was also the chief risk officer at Ageas UK.
He spent his early career in the US and Spain in the insurance and banking sectors, including senior risk roles at McKinsey, Moody’s and Banco Santander.
John Berry, chief risk officer for Allianz Holdings, said: “I’m delighted that José has joined Allianz and look forward to working closely with him in his new role.
“José is tremendously experienced and well known in the industry following his time spent as Chair of the Institute of Risk Management. His track record is excellent and I am confident that he will help take our risk management to the next level.”
Morago added: “It’s an exciting time to be joining Allianz and to be working on such a strong portfolio of brands in the personal lines market, in the middle of a fascinating risk and regulatory environment for the insurance industry. I’m looking forward to working with the team and helping drive the business forward.”