Allianz brings in Austrian CEO at the helm of Romanian subsidiary

Insurer Allianz named Austrian Remi Vrignaud general manager for the Romanian subsidiary Allianz Tiriac, replacing Rangam Bir, who will have a management position in the group's Singapore division. The 36-year old Vrignaud will take over the helm of the local insurer in August this year, when Bir will end his two-year mandate in Romania. Allianz Tiriac ranks second among general insurers in Romania, with subscribed premiums of EUR 190 million in 2011, down 13 percent on 2010, when it posted a loss and lost first spot on the local insurance market. Allianz Tiriac is majority owned by Allianz New Europe – 52 percent, and Romanian businessman Ion Tiriac, with 44.5 percent through an offshore. editor@romania-insider.com (photo source:be24)