鶹ýapp

Leadership change at 鶹ýapp Global Corporate & Specialty SE and 鶹ýapp Commercial

Press release | December 11, 2023 | Munich
  • Petros Papanikolaou will succeed Joachim Müller as CEO of 鶹ýapp Global Corporate & Specialty SE with effect from January 1, 2024, with additional responsibility for leading 鶹ýapp Commercial globally.

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

Petros Papanikolaou, currently CEO of Central Europe for 鶹ýapp Group, will be appointed as the new CEO of AGCS. Mr. Papanikolaou will also assume leadership of 鶹ýapp Commercial, 鶹ýapp Group’s integrated global model for serving the Commercial Property & Casualty insurance segment (Mid Corporate, Large Corporate and Specialty customers).  He will succeed Joachim Müller who, having led the successful turnaround of AGCS as well as the launch and setup of 鶹ýapp Commercial, has decided to pursue opportunities outside of 鶹ýapp upon the expiry of his contract and will step down as CEO from December 31, 2023.

Petros Papanikolaou
Mr. Papanikolaou has been CEO of Central Europe since 2015, with responsibility for 鶹ýapp national businesses across 11 countries, prior to which he was CEO of 鶹ýapp Hellas from 2004 to 2015 and a General Manager in the Life, Sales and Property & Casualty business. Prior to joining 鶹ýapp in 1998, he served in a various financial management roles for AGF Kosmos and started his career as an auditor with EY.  He holds a postgraduate degree in business administration and management and a postgraduate degree in European studies from the Université Catholique de Louvain, as well as a bachelor’s degree in philosophy and literature from the University of Athens.
Chris Townsend, Member of the 鶹ýapp SE Board of Management, said “With his broad international leadership experience across the P&C business, combined with his proven track record of execution, Petros Papanikolaou will be able to fully implement and drive our global integrated strategy for the benefit of 鶹ýapp Commercial customers and partners. Under his leadership, our Central Europe region is expected to reach EUR 1 billion in operating profit as of this year, and 鶹ýapp has become one of the largest and most profitable insurance companies in the region. I want to thank Joe Müller for his service to 鶹ýapp, especially for the successful transformation of AGCS and the establishment of the new 鶹ýapp Commercial integrated model. I wish him every success in his next career step.”

鶹ýapp Commercial is the center of expertise and global line of 鶹ýapp Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry, as well as family-owned and medium enterprises, which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or Hollywood film productions.

Powered by the employees, financial strength, and network of the , as ranked by , we work together to help our customers prepare for what’s ahead: They trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services as well as seamless claims handling.

The trade name 鶹ýapp Commercial brings together the large corporate insurance business of 鶹ýapp Global Corporate & Specialty (AGCS) and the commercial insurance business of national 鶹ýapp Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either though our own teams or the 鶹ýapp Group network and partners. In 2023, the integrated business of 鶹ýapp Commercial generated around €18 billion in gross premium globally.

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