Press release -
Allianz Holdings appoints risk director for Allianz Personal
Allianz Holdings has appointed José Morago to the position of risk director for its personal lines business, with immediate effect.
In this role, José will be responsible for leading the risk function within the personal lines business and overseeing the risk activities for LV= general insurance, Petplan, L&G general insurance, Allianz Musical Insurance and Home & Legacy. José will sit on the executive committee of Allianz Personal and will work closely with Steve Treloar, Allianz Personal CEO.
José has over 25 years’ experience in the market and joins Allianz following roles as group risk director at Aviva and deputy chief risk officer at the Financial Conduct Authority. José was also the chief risk officer at Ageas UK. His early career was spent in the US and Spain in the insurance and banking sectors, including senior risk roles at McKinsey, Moody’s and Banco Santander.
In his new role, José will report to John Berry, chief risk officer for Allianz Holdings, who comments: “I’m delighted that José has joined Allianz and look forward to working closely with him in his new role. José is tremendously experienced and well known in the industry following his time spent as Chair of the Institute of Risk Management. His track record is excellent and I am confident that he will help take our risk management to the next level.”
José Morago added: “It’s an exciting time to be joining Allianz and to be working on such a strong portfolio of brands in the personal lines market, in the middle of a fascinating risk and regulatory environment for the insurance industry. I’m looking forward to working with the team and helping drive the business forward.”
ENDS
Topics
Regions
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 plc.
About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 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 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 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 amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.
*Including non-consolidated entities with Allianz customers
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.
