Press release -
Allianz announces Commercial regions restructure
Engineering business aligned to enhance service standards
Allianz Insurance has announced changes within its commercial business to ensure a seamless service to brokers whilst maintaining great focus on its engineering propositions.
Following the changes, there are four regional managers, whose roles have been extended to include responsibility for the engineering construction & power (EC&P) distribution and underwriting operations, bringing together the former Commercial Broker Markets and the EC&P trading businesses.
These regional managers are:
- Chris Everett – North (Leeds, Newcastle, Manchester), Northern Ireland (Belfast) & Scotland (Glasgow)
- Mike Thomas – South (Southampton, Chelmsford, Maidstone)
- Patrick Flannery – Midlands (Birmingham), South West (Bristol) and Wales (Cardiff)
- Tom Leonard – London, Lloyds & London Market Real Estate.
Allianz’s aim is to expand its regional market presence and build on its expert focus whilst enabling simplicity, efficiency and agility in decision making. This will also create further opportunities for its people to develop themselves, with some new roles and broader responsibilities.
Also as part of the changes, led by chief distribution and regions officer, Nick Hobbs, Allianz has announced that Jonathan Oldfield is appointed to the newly created role of head of customer and distribution for EC&P. Jonathan will report to Nick, and work within and across the new regional structure, leading continued development of the EC&P specialism.
Nick Hobbs, said: “Bringing together the two parts of the business with different expertise and utilising their strengths to help each other, that is a great combination and has huge potential for further success.
“We believe this move sets us up to bring the best of Allianz to all of our customers and brokers.”
ENDS
Topics
Regions
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 plc.
About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 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 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 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 amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.
*Including non-consolidated entities with Allianz customers
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.
