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Allianz’s Birmingham branch hits £100 million milestone

Press Releases   •   Feb 22, 2018 10:20 GMT

Allianz’s Birmingham branch has reached the milestone of hitting £100m GWP income for business with local brokers.

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2017 performance reflects the underlying strength of the Allianz business

Press Releases   •   Feb 20, 2018 15:07 GMT

Allianz UK Financial Results EOY 2017 EOY 2016 • Gross Written Premium (GWP) £ 2,186.3m £ 2,141.2m • Operating Profit £121.3m £96.2m • Combined Operating Ratio (COR) 97.8% 99.2%

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Allianz chief underwriting officer, Neil Clutterbuck, comments on IFED's fraud campaign

News   •   Feb 05, 2018 10:25 GMT

“These latest figures from IFED demonstrate the severity of ghost broking and the level of sophistication employed by the fraudsters, who target and exploit vulnerable individuals or those who might struggle to obtain cheap cover.

“While the industry has made great progress in clamping down on many unscrupulous practices, fraudsters are adept at finding new ways to play the system. Strong fraud teams and investment in software and technology are key to identifying potential fraud at application stage. It’s also important that insurers collaborate with the broking community and authorities, to make sure that we identify potential issues and aren't seen as an easy
target by criminals. Staying vigilant and taking a proactive approach is essential if we are to stamp ghost broking out for the benefit of the honest customer.”

Neil Clutterbuck, chief underwriting officer, Allianz

“These latest figures from IFED demonstrate the severity of ghost broking and the level of sophistication employed by the fraudsters, who target and exploit vulnerable individuals or those who might struggle to obtain cheap cover."

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Allianz announces proposed changes to Claims operations

Press Releases   •   Jan 31, 2018 14:00 GMT

As the number of claims the company receives continues to fall and customer claims journeys become increasingly digitalised, Allianz is proposing some changes to its Claims operation.

Allianz proposes:

  • The closure of its Manchester Claims office. Due to the complex nature of the claims handled, it is envisaged that Manchester would remain open until the end of September 2018.
  • The consolidation of Allianz’s Bodily Injury claims at Milton Keynes for Commercial Lines and Bristol for Personal Lines. Transfers will start from March 2018.

These proposed changes place 80 roles at risk of redundancy. Around 20 new roles will be created at Milton Keynes to look after the increased work at that site.

Chief Claims Officer, Graham Gibson said “In order to remain competitive and best serve our customers in a rapidly-changing market, it’s important that we keep all aspects of our Claims operation under review.These proposed changes will allow us to focus our expertise on specific centres of excellence and offer an improved, more digitalised solution for our customers.”

Should the proposals go ahead, Allianz will provide whatever support is needed to help its people find suitable employment opportunities within Allianz where possible.


ENDS

For further information please contact:

Mark Bishop Tel: 07802 925 053, email: mark.bishop@allianz.co.uk

David Keel Tel: 01483 552718, email: david.keel@allianz.co.uk

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update

.

As the number of claims the company receives continues to fall and customer claims journeys become increasingly digitalised, Allianz is proposing some changes to its Claims operation.

Read more »
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LV= and Allianz announce strategic partnership business transfer plans

Press Releases   •   Jan 31, 2018 13:30 GMT

As part of their strategic partnership, originally announced on 4 August 2017, LV= and Allianz are today outlining the plans to transfer their respective personal and commercial portfolios. Allianz’s personal home and motor portfolios will transfer to LV=GI, the joint venture 49% owned by Allianz, and LV=’s commercial portfolios will transfer to Allianz.

It’s anticipated that the transfers will start in the second half of 2018, with on-going support required through until the beginning of 2020. Brokers and partners are being contacted from today to notify them of the transitional plans.

As a result of the plans to transfer the Personal and Commercial portfolios, a number of organisational changes are being proposed:

  • At LV=GI, around 260 roles, which are currently held by employees who work in the Commercial Broker and Commercial Claims teams, will be put at potential risk of redundancy, subject to consultation.
  • In order to manage the additional incoming personal lines business, around 60 new roles will be created at LV=GI which will mainly be based in Croydon.
  • At Allianz, 140 people working on or supporting personal motor and home business will be put at risk of redundancy, subject to consultation. The roles are primarily based at Allianz’s Guildford and Bristol offices and any redundancies will be phased from Q3 2018 to Q1 2020 in line with the business transfer and run-off programmes.
  • 60 new roles will be created within Allianz’s small business team at Maidstone to manage the commercial business transferring across from LV=GI.

Employees have been made aware of these changes today and consultations will begin shortly. Where possible, suitable redeployment opportunities will be identified.

Mike Crane, director of broker at LV=, said: “It’s never easy making decisions such as these. We understand that the changes we’re proposing will be difficult for some which is why we’re working extremely closely with our people to make sure they get the support they need. We’re also taking the time to speak with our brokers to ensure they fully understand the changes and know the steps we’ll be taking to ensure a smooth transition of their business.

“However, while this news will be difficult for some, we’re obviously looking forward to growing our presence in the personal lines market. We’re committed to maintaining our high standards of service and, working with our brokers, we’re keen to explore new opportunities.”

Simon McGinn, general manager of Allianz added: “These are difficult decisions but the changes will maximise the opportunity presented by our partnership with LV=.They’re part of our clear strategy for our Commercial broker business to build a strong, sustainable platform from which we can deliver for our customers and achieve our profitable growth objective.Any changes will be phased to ensure that we maintain a high quality of service to our brokers.

“Both companies will do their utmost to provide whatever support is needed to help colleagues find other employment opportunities, within Allianz and LV= wherever possible.”

-ENDS-

For further information please contact:

LV=

Kaidee Sibborn Tel. 020 7634 4240, email: kaidee.sibborn@lv.com


ALLIANZ

David Keel Tel: 01483 552718, email: david.keel@allianz.co.uk

Mark Bishop Tel: 07802 925 053, email: mark.bishop@allianz.co.uk

About LV=

LV= employs over 5,500 people and serves over 5.8 million customers with a range of financial products. We are the UK’s largest friendly society and a leading financial mutual. We are currently the UK’s joint number one brand for Insurance and Investments, according to the 2017 YouGov Brand Index Buzz Rankings. We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations including ASDA and Nationwide Building Society.

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update

.

As part of their strategic partnership, originally announced on 4 August 2017, LV= and Allianz are today outlining the plans to transfer their respective personal and commercial portfolios. Allianz’s personal home and motor portfolios will transfer to LV=GI, the joint venture 49% owned by Allianz, and LV=’s commercial portfolios will transfer to Allianz.

Read more »
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Allianz Legal Protection and JLT launch After the Event insurance partnership

Press Releases   •   Jan 29, 2018 10:15 GMT

Allianz Legal Protection (ALP) and JLT Specialty Limited (JLT) have created Omnium, a specialist After the Event (ATE) insurance solution for Insolvency Practitioners (IP’s).

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Allianz names new Chelmsford branch manager

Press Releases   •   Jan 26, 2018 09:13 GMT

Allianz has appointed Simon Hanley to the position of Chelmsford branch manager, effective from 19th February.

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Motor premiums - Allianz update

News   •   Jan 24, 2018 12:01 GMT

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Allianz strengthens commercial property owners proposition

Press Releases   •   Jan 23, 2018 11:02 GMT

Allianz has strengthened its Property Owners Select proposition for commercial property owners with new covers, enhanced limits and access to additional services.

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Allianz Legal Protection launches new partnership with Forster Dean Solicitors

Press Releases   •   Jan 11, 2018 09:35 GMT

Allianz Legal Protection (ALP) has partnered with Forster Dean Solicitors; a leading multi-disciplined law firm which offers a wide range of legal services to support claimants across the North West.

Contacts 4 contacts

  • Press Contact
  • Group Communications Manager
  • mark.bishop@allianz.co.uk
  • 01483 552731
  • 07802 925053

  • Press Contact
  • PR Consultant
  • sian.glennane@alzsedlihojnaneajtz.arco.uk
  • 01483 465 227
  • 07891 570995

  • Press Contact
  • Media Relations Officer
  • amy.yorston@allianz.co.uk
  • 01483 552632
  • 07794266474

  • Press Contact
  • Media Relations Officer
  • charlotte.stretton@allianz.co.uk
  • 01483 465217

About Allianz Insurance plc

Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide.

Address

  • Allianz Insurance plc
  • 57 Ladymead
  • GU1 1DB Guildford