Allianz promotes Canadian CFO to North American CFO

Henrico County-based Allianz Partners USA has promoted Patrick Espeut to chief financial officer for the North America region, which includes the U.S. and Canada, the travel insurance and assistance company announced Tuesday.

Allianz’s former chief financial officer, Jeff Wright, was promoted to CEO earlier this year. Espeut had been chief financial officer of Allianz Partners’ business unit in Canada. Espeut joined Allianz in June 2020 and before that worked for Canadian insurer Echelon Insurance for 17 years, serving roles including chief financial officer and chief risk officer.

Espeut serves on the board of the Canadian Association of Black Insurance Professionals as treasurer and is president of the Canadian Insurance Accountants Association. He graduated from the University of Toronto with a bachelor’s degree in finance and is a chartered professional accountant of Canada. In his new role, he will be based in Henrico County.

“Patrick did a tremendous job in developing and implementing our financial business strategy in Canada and we’re excited to add him to our team in the U.S.,” Wright said. “Patrick joins us in the U.S. at an exciting time of tremendous growth for the travel insurance industry and we’re glad to have him aboard to help us navigate the challenges and opportunities that rapid growth provides.”