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Allianz promotes Steve Kelly to underwriting account manager, Engineering, Construction & Power

Press release   •   Jul 29, 2019 09:25 BST

Steve Kelly, underwriting account manager for Allianz Engineering, Construction & Power

Allianz has announced that Steve Kelly will be promoted to the role of underwriting account manager for Allianz Engineering, Construction & Power.

In his new role Steve will be responsible for the strategic leadership of the Allianz Engineering, Construction & Power portfolio including the setting of risk appetite and pricing, overseeing engineering inspection pricing & segmentation, as well as ensuring technical excellence is embedded across the team.

Steve joined Allianz in 2015 as senior technical manager and was responsible for large and complex case referrals as well as propositions and underwriter development.

Prior to working for Allianz, Steve was the underwriting lead for RSA’s construction and Engineering business in Western Europe and leader of the Global Centres of Excellence for Solar and Bio Renewable Energy.

Catherine Dixon, commercial underwriting director, Allianz Insurance, commented: “It gives me enormous pleasure to announce that Steve Kelly will take up the role of underwriting account manager for Engineering, Construction & Power.

“For the last four years Steve has been the technical lead within EC&P and is a natural successor to Claire Buck. His knowledge and capabilities span the traditional engineering insurance, construction and renewable energy sectors, so his expertise and leadership will play a key role in helping us achieve our ambitious plans in these markets.”

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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