Press release -
Allianz Holdings appoints two non-executive directors to management board
Allianz Holdings has announced Teresa Robson-Capps and José Vazquez will join its Board as independent non-executive directors.
Teresa, who joins Allianz Holdings in April, has held a number of senior positions during her extensive career across the insurance and finance sectors, including five years at HSBC Bank where her roles included head of strategy & planning, and deputy head of Direct Bank First Direct. Teresa’s previous NED posts in insurance were with broker Towergate (2012-2016) and insurer Hastings (2016-2020). She currently holds non-executive roles at the NHBC, PPL PRS and FIL Holdings.
In her new position at Allianz, Teresa will focus on the continual understanding of customer needs and ensuring best outcomes, as well as good risk management processes and strong financial controls.
José joins Allianz Holdings following a highly successful career in the global insurance industry, where he most recently spent 10 years as chief risk officer for Direct Line Group (DLG). He was a member of the executive team who delivered the FTSE 250 IPO of DLG and subsequent entry into the FTSE 100. Previously, he served as global chief risk officer for HSBC Insurance and on the Board of HSBC Insurance Holdings. José also held a number of chief actuary roles at Zurich Financial Services, including International Businesses, UK and London Market. José will join Allianz Holdings on 1 June and his particular areas of focus will be digital, risk, financial and business strategy.
The appointments are part of a planned transition strategy, as current Board member Rosanne Murison is due to reach the end of her final term as independent non-executive director in the autumn. In addition, Christian Dinesen reaches the end of his final term as independent non-executive director in the spring 2023. Allianz therefore decided to bring Teresa and José onto the Board this year.
Allianz Holdings chairman Paul Evans said: “I am delighted to welcome Teresa and José to the Board of Allianz Holdings. Both have highly impressive track records in their fields and their expertise will be invaluable. I look forward to working with them both and believe Allianz will benefit greatly from the insights they will bring to the organisation.”
He added: “I’d like to thank Rosanne and Christian for their tremendous contribution to the business as they approach the end of their final terms over the course of the next year. I wish them all the best for their future endeavours.”
Both appointments are subject to regulatory approval.
Notes to Editors:
1. Images of Teresa Robson-Capps and José Vazquez are available to download below.
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.