Elena will be reporting to Dan Assouline, Chief Markets Officer at Allianz Partners Group, and replaces Michael J. Nelson, who will be moving to a new role in the travel industry outside of the company.

Elena joined Allianz in 2019, and prior to that, she held a number of executive positions at Genworth Financial, and also spent 30 years working for General Electric – 17 of which were spent in the insurance industry.

“We’re deeply grateful for the leadership and dedication that Mike has demonstrated while rapidly growing the US business during the eight years he spent with us,” said Sirma Boshnakova, Chief Executive Officer of Europe-based Allianz Partners Group. “While we thank Mike for his service and wish him the best, we are tremendously excited to have Elena as our US CEO. Her leadership of our people and core business have contributed to our success and will help ensure a smooth transition. In addition, her strength of character and experience with driving strategic change during a time of significant market adversity will be a great asset in guiding the company through this current unprecedented time.”