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ALLIANZ ANNOUNCES THE COMMERCIAL AND PERSONAL TOP MANAGEMENT STRUCTURE

Press Release   •   May 06, 2016 09:21 BST

Following the announcement that Allianz will operate a single trading operation combining Commercial and Personal lines, the company has released the new division’s senior management structure responsible for leading the business strategy in its chosen markets.

The Commercial and Personal division has just become operational and one of its key objectives is to strengthen the company’s partnership with brokers and create an operation that makes it even easier to do business with Allianz.

Simon McGinn, general manager commercial and personal, said:

“We will be investing to profitably grow our commercial and personal business through the broker channel and the members of the team have considerable experience of generating profitable long-term business partnerships.

“Over many years Allianz has shown itself to be a partner brokers can put their trust in because they know our focus is on achieving long-term sustainable results. This ethos will not change.

“Post the initial announcement the feedback from brokers has been very positive. As you would expect there have been some calls asking if there are operational or relationship management changes. Our response has been that for the vast majority there isn’t and it’s business as usual.”

“Together with our broker partners I am very confident that the business will go from strength to strength.”

Ends

Notes to editors:

1. The new Commercial and Personal lines management structure is attached in the PDF document below.

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

Around 85 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.

In 2015, over 142,000 employees in more than 70 countries achieved total revenues of approximately 125.2bn euros.

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