Allianz Commercial, the corporate insurance unit of Allianz Group, has announced the appointment of Hyeji Kang as Chief Financial Officer of Allianz Commercial and Allianz Global Corporate & Specialty SE (AGCS), effective October 1, 2025, subject to regulatory approval. She will succeed Oskar Buchauer, who will step down after a 27-year tenure at Allianz. Kang will report directly to Thomas Lillelund, Chief Executive Officer at Allianz Commercial. “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,” said Lillelund. He added, “I welcome Hyeji back to Allianz Commercial and look forward to working with her in her new role.”
Kang holds a degree in economics from Seoul National University and is a qualified actuary with the U.S. Casualty Actuarial Society. She most recently served as CFO at Allianz Re, having held various senior leadership roles since joining AGCS in 2015. Her experience includes serving as Chief Actuary in the Americas region, Global Head of Reinsurance and Catastrophe Management, and Global Head of Global Performance Steering. Before Allianz, Kang held positions in M&A and actuarial consulting. With her extensive expertise in finance, actuarial science, and global insurance operations, Kang is well-positioned to help drive Allianz Commercial’s strategic and financial goals in the next phase of its growth.
