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Allianz appoints head of commercial lines pricing

Press release   •   Jul 25, 2019 09:30 BST

Claire Buck, head of commercial lines pricing

Allianz Insurance has announced that Claire Buck has been appointed to the position of head of commercial lines pricing.

In her new role Claire will be responsible for leading the development of pricing capability for Allianz’s Commercial business. The role will also encompass looking at changing technologies and exploiting these tools to open up new data opportunities for underwriting.

Claire joined Allianz in 2004 on the corporate management trainee scheme and has held a number of senior roles within the business, including underwriting facilities manager and branch manager for the small business team. Her most recent position was account manager for Engineering, Construction & Power where she was responsible for the overall portfolio, strategic direction and delivery. As part of the Engineering, Construction & Power senior leadership team she oversaw the launch of Allianz’s new construction proposition.

Catherine Dixon, commercial underwriting director, Allianz Insurance, commented: “I am delighted that Claire will be taking up this exciting and influential role. Commercial Pricing is an area we are heavily investing in and have ambitious plans for, therefore Claire’s deep understanding of our business and a proven track record in senior leadership roles will ensure future success.”

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 92 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 around 673 billion euros on behalf of its insurance customers. Furthermore our asset managers PIMCO and Allianz Global Investors manage more than 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 the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group.

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

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting 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, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.

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