Press release | July 21, 2025
Allianz Commercial appoints Hyeji Kang as new Chief Financial Officer
Allianz Commercial today announced that Hyeji Kang will become the new Chief Financial Officer (CFO) of Allianz Commercial and Allianz Global Corporate & Specialty SE (‘AGCS’), with effect from October 1, 2025, subject to the usual regulatory approval. She will succeed Oskar Buchauer, who has decided to step down from the Board of Allianz Commercial and AGCS after 27 years at Allianz, and she will directly report to Thomas Lillelund, Chief Executive Officer at Allianz Commercial.
Thomas Lillelund, CEO Allianz Commercial, comments: “Oskar has contributed hugely to Allianz over a distinguished career and has been instrumental in establishing strong foundations for Allianz Commercial. I wish him the very best for the future. I welcome Hyeji back to Allianz Commercial and look forward to working with her in her new role.”
Oskar joined Allianz AG in 1998 as Team Lead for Life and Health Reinsurance. He established the Life Insurance team at Allianz Group Actuarial and, as Chief Risk Officer at Allianz Italy, pioneered an enterprise risk management strategy across all Group activities in that country. Joining Allianz SE in 2010 in Munich as Group Chief Actuary, and later expanding his responsibilities to include Global Planning & Controlling, Oskar steered the strategic planning process and actuarial function across Allianz Group. He joined AGCS SE and then Allianz Commercial as CFO in 2023.
Hyeji became CFO at Allianz Re in March 2024, having joined AGCS in 2015 as Chief Actuary in the Americas region. She subsequently was Head of Actuarial Function, Global Head of Reinsurance and Catastrophe Management, and latterly Global Head of Global Performance Steering for AGCS and Allianz Commercial. Prior to joining Allianz, she held various consulting and in-house positions in the M&A and actuarial fields. Hyeji holds a degree in Economics from the Seoul National University and is a qualified actuary in the U.S. Casualty Actuarial Society.
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About Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz 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 film productions.
Powered by the employees, financial strength, and network of the world’s #1 insurance brand Allianz, as ranked by Interbrand, 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 Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either though our own teams or the Allianz Group network and partners. In 2023, the integrated business of Allianz Commercial generated around €18 billion in gross premium globally.
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