Allianz Engineering, Construction & Power is pleased to announce the appointment of Karen Boothroyd and Jonathan Oldfield to its senior management team, following the retirement of Stephen Albutt.
Karen Boothroyd, regional manager - North, has overall responsibility for the distribution, underwriting & operations for the enlarged Northern region. Karen will now also look after Scotland, Ireland, the Midlands and South West teams in addition to her current responsibilities. Karen joined Allianz in 2004 having previously worked for Co-Operative Insurance and has held multiple management positions in Claims before moving to Allianz Engineering, Construction & Power in 2018.
Jonathan Oldfield has responsibility for distribution, underwriting & operations in the South in his role as regional manager - South. In his new position he will take on additional responsibilities in respect of Allianz’s strategic partners. Jonathan joined Allianz Engineering, Construction & Power as a development underwriter in 1997, before holding roles as a senior development underwriter and distribution manager.
Chris Little, Allianz’s director of Engineering, Construction & Power, said: “We’re very grateful to Steve for the excellent job he has done in leading our trading regions and he certainly leaves our business in a very strong position. We wish him all the best for the future.”
He added: “I’m delighted to welcome Karen and Jonathan to our senior management team. They both have a wealth of experience and excellent knowledge of the Allianz business, so I’m really looking forward to working closely with them to ensure the continued success of our trading regions.”
Notes to editors:
1. Images of Karen and Jonathan are available to download below.
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.
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