Startup incubator Allianz X has announced Peter Borchers as its new chief executive officer, effective Oct. 1, the company announced today.

Borchers comes to the recently established Allianz X by way of Deutsche Telekom where he founded his own tech accelerator, hub:raum, in 2012, according to his LinkedIn page. He is tasked with helping lead Allianz Group’s digital transformation strategy, by identifying and building companies within the insurtech space that can improve the lives of customers.

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