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Allianz appoints new CFO

Press release   •   Aug 21, 2018 09:21 BST

Allianz Insurance has appointed Fernley Dyson to the position of Chief Financial Officer, with effect from 1st January 2019. He will replace Mark Churchlow who is retiring after almost 30 years with Allianz.

Fernley is currently the CFO at Ageas, a role he has held since Jan 2012 when he joined the firm. Before joining Ageas, Fernley was with Aviva for seven years.

Allianz’s CEO, Jon Dye said:

“We are delighted that Fernley is joining our management board to take on the leadership of our Finance teams. He brings with him a wealth of experience in the insurance sector and has a strong track record in the fields of professional and financial services.

“I would also like to go on record to thank Mark for his tremendous contribution to Allianz over a considerable period, including holding the posts of Chief Actuary and CFO. Mark has played a key role in building our business including, most recently, the strategic partnership with LV=.”

The appointment is subject to regulatory approval.

ENDS

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 88 million retail and corporate customers. Allianz Group 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 Group 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 the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenue of 126 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

The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

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