Press release -
Allianz announces changes to executive leadership team
Allianz Holdings has today announced that Steve Treloar, CEO for Allianz Personal, and Fernley Dyson, chief financial officer, are stepping down from their respective roles to pursue new opportunities.
Steve joined LV= as Managing Director in May 2016. Prior to this, he was managing director of Personal Lines at Aviva and held a number of other senior roles at Aviva and RBS Insurance.
He became CEO of LV= General Insurance in December 2017 and successfully led the joint venture with Allianz, right through to full Allianz ownership - including the acquisition of Legal & General’s general Insurance business at the end of 2019. In 2021, Steve was appointed CEO, Allianz Personal, which saw the Allianz UK personal brands all come together into one operating entity.
Steve will remain at the company until 30 June 2023 and the process to appoint a successor is currently underway.
Fernley Dyson, chief financial officer for Allianz UK, has also decided to step down and his last day will be 30th May. Fernley joined Allianz UK in January 2019 having been CFO at Ageas and holding a number of senior roles at Aviva prior to this. He will be succeeded by Ulf Lange, currently head of business division for Global Lines and Anglo Markets, Allianz SE, who will join the business as chief financial officer on 30th May. Ulf joined Allianz in 2008 and has contributed a significant amount to the Allianz Group during his time with the company. Before his recent position in Global Lines and Anglo Markets, he was also CFO of Allianz Partners.
Commenting on the news, Colm Holmes, CEO of Allianz Holdings, said: “During a period of determined headwinds and exciting changes, Steve has played a crucial role in the success of our business. I would like to thank him for his significant contribution that has earned us the recognition of being one of the leading personal lines insurers in the UK. Whilst a successor has not yet been appointed, I am thankful that Steve has agreed to work with the Allianz Personal senior leadership team to ensure a smooth transition.
“I’d also like to thank Fernley for the contribution he has made to our business over the last four years. He has played a key role in building our business and leading Finance functions through the acquisitions of LV= general insurance and L&G general insurance. I wish him well for the future.
“I have no doubt the expertise and experience Ulf is bringing to Allianz will aid our future success. I’d like to extend a warm welcome to him and I look forward to working together.”
Steve Treloar added: “It has been an absolute privilege to work alongside such a talented, dedicated, and passionate team. I am immensely proud of all that we have achieved over the last seven years. Having completed the integration of the L&G General Insurance business, now is the right moment to pass on the baton.”
Fernley Dyson commented: “I am privileged to have been part of an amazing team, building this fantastic business over the last four years. It’s now time for me to move on and wish all of my friends and colleagues at Allianz the very best for the future.”
Ulf Lange’s appointment is subject to regulatory approval.
ENDS
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About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. 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 717 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.
*Including non-consolidated entities with Allianz customers.
**As of March 31, 2023
***As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.
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.
