Allianz names new CIO for Asian insurance arm

Allianz Investment Management, which runs the general account assets of German insurer Allianz, has named a new chief executive and chief investment officer for Asia, AsianInvestor can reveal. Ritu Arora has taken up the Singapore-based role to replace Eugen Loeffler, who retired at the end of March. Arora is overseeing a portfolio that stood at €25 billion ($30.6 billion) in the first quarter of 2016. Allianz IM now has €653 billion in global AUM. According to her LinkedIn page…