Press release -
Allianz appoints Nick Hobbs as Chief Distribution Officer in the United Kingdom
Allianz today announced Nick Hobbs has been appointed* chief distribution officer for Allianz Commercial in the UK, effective immediately. In this expanded role he will lead all aspects of distribution for the recently announced integration of Allianz Commercial across the UK – encompassing large-corp, specialty, mid-corp, digital/SME and engineering inspection.
Bringing together Allianz Global Corporate & Specialty (AGCS) UK, which focuses on large clients, and Allianz Holdings UK commercial business under one strategy and approach, aims to simplify the experience of clients and distribution partners and Nick’s role will be central to delivery. Drawing on more than 30 years’ industry experience, he is expertly positioned for this.
Nick has been with Allianz group since 2001. He held a variety of roles at AGCS in the UK, Europe and North America before joining Allianz UK in 2011 as head of strategic account management, then director, Broker Markets. In July 2021 he was appointed chief distribution and regions officer, for Allianz’s Holdings commercial business in the UK.
Commenting on his appointment, Nadia Côté commercial managing director UK, said: “Creating this chief distribution officer role across all our commercial areas in the UK will simplify things for our clients and distribution partners and reinforces our desire to establish Allianz as a clear leader in the Commercial market in the UK. Nick is the natural choice for the role drawing on his extensive experience and I’m very much looking forward to working together to unlock the full power of Allianz for all our customers.”
*Nick’s appointment is subject to regulatory approval.
ENDS
For further information please contact:
Sian Baker, Communications Consultant, Allianz Commercial
Email: Sian.baker@allianz.co.uk, Mobile: +44 7891570995
Ailsa Sayers, Regional Head of Communications and Marketing, Regional Unit London & Nordics, Allianz Global Corporate & Specialty
Email: ailsa.sayers@allianz.com, Mobile +44 7880 068 756
Notes to Editors:
- A Photo of Nick is available to download below.
- Allianz announced on March 10, 2023 that it will serve the global commercial insurance segment as one go-to-market business, using the new trading name of Allianz Commercial, combining its AGCS business serving large corporate and specialty clients together with the insurance businesses of Allianz’s operating entities serving mid-sized country-based accounts.
About Allianz Global Corporate & Specialty
Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across nine dedicated lines of business and six regional hubs.
Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses. Among them are not only the world’s largest consumer brands, financial institutions, tech companies and the global aviation and shipping industry, but also floating wind parks or Hollywood film productions. They all look to AGCS for smart solutions to, and global programs for, their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.
Worldwide, AGCS operates with its own teams in more than 30 countries and through the Allianz Group network and partners in over 200 countries and territories, employing more than 4,200 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2022, AGCS generated a total of €11.2 billion gross premium globally.
For more information please visit our website www.agcs.allianz.com
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
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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.
