Allianz Commercial promotes distribution experts as part of UK strategy

Following the appointment of Nick Hobbs as chief distribution officer, Allianz Commercial has today confirmed Mike Thomas as director of distribution for digital and mid-market, and Andy Montgomery as head of broker distribution management.

From 1 September 2023 the newly formed UK Distribution function led by Nick Hobbs will operate across digital trading, mid-market, large corporate and speciality lines. To provide one face to market and generate opportunities with brokers and clients two new roles have been announced.

Mike Thomas will become director of distribution for digital and mid-market. Mike will join the leadership teams for Mid-Market (led by Dave Carey) and Digital (led by Helen Bryant) and concentrate on executing the distribution strategy. Mike Joined Allianz in 2003 and has undertaken a range of roles across the business including within claims, as an EA to the general manager of Commercial and development manager for Birmingham. Recent senior leadership positions have seen him work across the UK branch network as branch manager for Luton, strategic account manager for national brokers, regional manager South East and regional manager South. At the beginning of 2022 he moved into the role of distribution director leading the strategic account managers and broker distribution management teams while delivering Allianz’s new broker segmentation strategy.

Andy Montgomery will become head of broker distribution management and will oversee the effective delivery of the distribution strategy across the Commercial branch network. In this role he will support in developing the strategy, practices, tools and execution of the plan with particular focus on optimising Allianz’s trading profile and reputation. He joined Allianz in 2005 and has worked extensively across the UK business including account management and development roles working with corporate partners and brokers. Most recently he’s been broker distribution manager based in the Guildford head office but working nationwide.

Nick Hobbs, chief distribution officer, Allianz Commercial commented: “This is an exciting time for Allianz Commercial. Whilst there’s no need to revolutionise a very strong business, great businesses don’t stand still. Appointing these experts and amending our structure will enable us to continue to be the best for our customers, and ensure we’re fit for the future.

“Congratulations to Mike and Andy, I have no doubt they’ll be hugely successful in their new roles.”

ENDS

Topics

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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.

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