Allianz has realigned the structure of its unit that is responsible for automotive cooperations (Global Automotive), based on the requirements of car manufacturers.

According to Allianz, the cooperation will allow customers to purchase individually matched insurance solutions at the time of purchasing their car. The insurance products are branded by manufacturer and developed by Allianz and respective car manufacturer together.

As of August 1, 2010, Karsten Crede, who has been in charge of Global Automotive, will become a board member of Allianz Versicherungs-AG, thereby taking over the responsibility for the German business with car manufacturers.

As responsible for Allianz’s international business with car manufacturers, Mr Crede will directly report to Werner Zedelius, member of the Allianz SE board of management.

Mr Crede had joined Allianz in October 2009 and has been a board member for global business with car manufacturers at Allianz Global Corporate & Speciality (AGCS).

Mr Zedelius said: “Germany is the key market for cooperating with car manufacturers right now, and we are planning to expand this partnership massively especially in growth markets. With the new structure of Global Automotive, customers can best profit from the performance and quality of the Allianz Group.”