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Allianz appoints new chief risk officer

Press release   •   May 14, 2020 09:34 BST

John Berry, chief risk officer for Allianz Holdings and Allianz Insurance

John Berry has been appointed as chief risk officer for Allianz Holdings and Allianz Insurance.

In his new position, John will oversee the risk management framework at Allianz, including the direct management of the Risk Function at Allianz Insurance.

John joined Allianz in 2015 as senior retail actuary and was subsequently appointed to the role of head of pricing, personal lines. He was then appointed as director, underwriting and technical for personal lines, in April 2017.

Before joining Allianz, John worked as an actuarial consultant in the UK and overseas. He specialised in pricing, underwriting, data and strategy.

Since the beginning of this year John has been working as interim chief risk officer for Allianz Holdings and Allianz Insurance, following Karina Schreiber’s return to Germany to take on a new role at Allianz SE. John will work closely with Kieran O’Keeffe, chief risk officer for LV= General Insurance, following the acquisition by Allianz Holdings of the LV= General Insurance Group.

Allianz CEO, Jon Dye said:

“I am delighted that John has joined our management board to take on the role of chief risk officer for Allianz Holdings and Allianz Insurance. He has a fantastic track record of delivering results for our business and brings a wealth of experience to the position. His appointment demonstrates that we have an excellent talent pool which allows us promote from within.”

The appointment is subject to regulatory approval.

ENDS


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.

About Allianz Insurance

Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million retail 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 740 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage almost 1.6 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 2019, over 147,000 employees achieved total revenues of 142 billion euros and an operating profit of 11.9 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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