CHANGES TO THE MANAGEMENT BOARD AT ALLIANZ INSURANCE

Allianz Insurance is pleased to announce that Kevin Wenzel has been appointed as Director, Actuarial & Planning to replace Kathryn Willis who has decided to retire from the business.

Kevin joined Cornhill's Life Division in 1999 and he has worked in many areas of the business, including Allianz Global Risks, Allianz Commercial and most recently as Director, Allianz Retail where his responsibilities included pricing support, reserving and annual planning. Kevin is a Fellow of the Institute and Faculty of Actuaries.

Kevin said:

“I am delighted to accept this new role and I am very pleased to be joining the board at a time when Allianz Insurance is executing such exciting profitable growth plans.”

Kathryn joined the company in late 1999 as a consultant and stayed on as a permanent employee and was appointed Director, Commercial Actuarial in 2004 and Director, Actuarial & Planning in 2010. Prior to this Kathryn worked at London & Edinburgh Insurance for 11 years heading up the Commercial Lines Actuarial team, and at the Prudential for eight years where she worked in the Life Department. Kathryn is a Fellow of the Institute and Faculty of Actuaries.

Kathryn said:

“I have had a wonderful time during my career at Allianz Insurance and worked with some excellent people and that includes Kevin and I would like to wish him every success in his new role.”

Jon Dye, CEO of Allianz Insurance said:

"I would like to thank Kathryn for all her hard work and wise counsel during her career at Allianz, and I wish her a long and happy retirement. I am very pleased we are able to welcome such an able successor in Kevin Wenzel as this maintains the stability and focus on succession planning the market has come to associate with Allianz Insurance.”

ENDS

Notes For The Media:

1.  Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide.

Around 83 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.

In 2013, around 148,000 employees in over 70 countries achieved total revenue of 110.8 billion euros.

2.  For further information please contact:

Mark Bishop, Group Communications Manager, Allianz Insurance

Tel Office: 01483 552731 

 Mobile: 07802 925053

email:mark.bishop@allianz.co.uk