Allianz CEO, Thusang Mahlangu Is Now Deputy Chairperson of South Africa’s National Insurance Association
The South African Insurance Association (SAIA) appointed Thusang Mahlangu as Deputy Chairperson of their Board of Directors at their meeting held in September 2022. Thusang is the Chief Executive Officer of Allianz Group’s industrial insurer, Allianz Global Corporate & Specialty (AGCS) in South Africa and has been serving on the SAIA Board since 2019.
The process was conducted in line with standard practices and procedures where the association elected the new Chairperson of the Board of Directors.
SAIA is the representative body of the non-life insurance industry in South Africa. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. It has 57 members, comprising all categories of non-life insurers, including reinsurers. Its members abide by the SAIA Code of Conduct, which ensures adherence to best-practice industry standards and self-regulation.
Thusang joined AGCS South Africa in 2013 as Head of Market Management, focusing on developing sales and distribution across Africa. He subsequently became Head of Property in 2014 and grew the portfolio in key African countries. Thusang has 25 years of experience in insurance and risk management.
He serves on the board of the Organisation of Eastern & Southern African Insurers (OESAI), on the board of the Insurance Institute of South Africa (IISA), as an executive committee member of the African Insurance Organisation (AIO), and as a Trustee of the St Alban’s College Foundation. He holds an MBA from Milpark Business School and an Associate in Management Practice (AIM) from the University of Cape Town’s Graduate School of Business. He is also an Associate of the IISA (AIISA).
About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across nine dedicated lines of business and six regional hubs.
Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses. Among them are not only the world’s largest consumer brands, financial institutions, tech companies and the global aviation and shipping industry, but also satellite operators or Hollywood film productions. They all look to AGCS for smart solutions and global programs to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.
Worldwide, AGCS operates with its own teams in more than 30 countries and through the Allianz Group network and partners in over 200 countries and territories, employing around 4,250 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2021, AGCS generated a total of €9.5 billion gross premium globally.
