Press release -
Allianz continues mid-corp growth agenda with regional underwriting manager promotion
Allianz Commercial is continuing its focus on maximising London market opportunities and has announced Karen Pickersgill as the new regional underwriting manager for London.
In this role Karen will drive growth and promote expertise in the London property and casualty Mid-corporate book. She will also be responsible for diversifying the primary and excess portfolios whilst leading the talented team.
Karen joined Allianz in 1999 following roles at Aviva and Cigna and has since held a number of underwriting management positions across the business including property and casualty manager for Maidstone and then Luton. Her most recent role was as underwriting manager for Engineering, Construction & Power, London & South.
Tom Leonard, Allianz Commercial regional manager for London, commented: “I’m delighted to be announcing Karen’s appointment. It is no exaggeration to say that she brings extensive knowledge to this role not only in terms of underwriting experience but also knowledge of our market. She is perfectly placed to lead our growth agenda, maximising opportunities in various directions including leveraging new capabilities in multinational. I’m really looking forward to working with her, particularly at such an exciting time for our team.”
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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