Press release -
Allianz Commercial unveils new financial lines underwriting teams
As part of its growth ambition Allianz Commercial has made a number of appointments to form a new financial lines team that will operate across three new regional hubs. Focussing solely on Allianz’s Directors & Officers and Professional Indemnity propositions they’ll increase Allianz’s presence in the market by working closely with branch distribution teams and local brokers to enable slick and simple trading.
The specialist hubs and appointments are as follows:
Northern Hub (Manchester, Leeds, Newcastle, Glasgow and Belfast)
• Gareth Machin – Senior Financial Lines Underwriter
• Maggie Kwok – Financial Lines Underwriter
• David Aguirreburualde – Financial Lines Underwriter
Midlands/South West Hub (Bristol, Birmingham and Cardiff)
• Luke Hayne – Senior Financial Lines Underwriter
• Antionette Amory – Financial Lines Underwriter
• Caitlin Davies – Financial Lines Underwriter
• Daniel West – Financial Lines Underwriter
South East Hub (Maidstone, Chelmsford, London and Southampton)
• Lucy Bunnett – Senior Professional Indemnity Underwriter
Dave Carey, managing director, mid-market, Allianz Commercial said: “We’ve invested heavily in recruiting the best people and I’m very happy to unveil our new look financial lines underwriting team. With a mixture of new faces and existing Allianz talent we have highly experienced and talented experts in place.
"The creation of regional hubs maximises local opportunities and empowers our underwriters to work closely and quickly with our broker partners in those areas. We have ambitious plans for growth and I’m excited that we’re embarking on this new strategy together.”
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
The Allianz Group is one of the world's leading insurers and asset managers with 126 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 716 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage nearly 1.8 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 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.
These assessments are, as always, subject to the disclaimer provided below.
*Including non-consolidated entities with Allianz customers.
** As of June 30, 2022
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.
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