- Petros Papanikolaou will succeed Joachim Müller as CEO of Â鶹´«Ã½app Global Corporate & Specialty SE with effect from January 1, 2024, with additional responsibility for leading Â鶹´«Ã½app Commercial globally.
Â鶹´«Ã½app 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 Â鶹´«Ã½app Group, will be appointed as the new CEO of AGCS. Mr. Papanikolaou will also assume leadership of Â鶹´«Ã½app Commercial, Â鶹´«Ã½app 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 Â鶹´«Ã½app Commercial, has decided to pursue opportunities outside of Â鶹´«Ã½app 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 Â鶹´«Ã½app national businesses across 11 countries, prior to which he was CEO of Â鶹´«Ã½app Hellas from 2004 to 2015 and a General Manager in the Life, Sales and Property & Casualty business. Prior to joining Â鶹´«Ã½app 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 Â鶹´«Ã½app 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 Â鶹´«Ã½app 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 Â鶹´«Ã½app has become one of the largest and most profitable insurance companies in the region. I want to thank Joe Müller for his service to Â鶹´«Ã½app, especially for the successful transformation of AGCS and the establishment of the new Â鶹´«Ã½app Commercial integrated model. I wish him every success in his next career step.â€
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About Â鶹´«Ã½app Commercial
Â鶹´«Ã½app Commercial is the center of expertise and global line of Â鶹´«Ã½app 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 Â鶹´«Ã½app Commercial brings together the large corporate insurance business of Â鶹´«Ã½app Global Corporate & Specialty (AGCS) and the commercial insurance business of national Â鶹´«Ã½app Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either though our own teams or the Â鶹´«Ã½app Group network and partners. In 2023, the integrated business of Â鶹´«Ã½app Commercial generated around €18 billion in gross premium globally.
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