Allianz Insurance has appointed Nick Rossiter to the position of motor damage strategy manager, following the retirement of Stuart Munro.
Nick has been with Allianz for ten years and has worked in a variety of underwriting and operational leadership roles. Previously regional operations manager for the South East region, Nick has spent the last year as operational lead for the project and delivery phases of Allianz‘s Commercial lines business transfer; a key component of the joint venture with LV=.
In his new position, Nick will focus on developing a fit-for-future motor damage claims strategy, working across the rapidly evolving supply chain to enhance service and cost-control capabilities. This significant work will provide a point of reference and guidance to Allianz UK regarding current and future vehicle technology, trends and market awareness.
Allianz’s head of suppliers and experts, Graham Stait said:
“I am delighted to name Nick as our new motor damage strategy manager. He has a wealth of experience and his appointment reflects Allianz’s continued investment in developing the talent of its people.
“As we continue to improve and strengthen our claims function, Nick’s fit-for-future strategy will play a significant role in enhancing our service.”
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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