Press release -
Allianz Holdings names risk director for Allianz Commercial
Allianz Holdings has announced the appointment of James Maxwell to the newly created position of risk director for its Commercial business.
Reporting to Allianz Holdings chief risk officer, John Berry, James will have responsibility for overseeing all risk matters within the Commercial lines business and will also serve as a member of the Commercial executive committee. The role will have a particular emphasis on operational risk, change management and information security as part of an ongoing remit to drive excellence in risk management.
James has over 30 years’ experience in the market and joins Allianz having been a Partner at PwC in its insurance risk advisory practice, as well as interim CRO at MS Amlin. Prior to this James spent many years in various operational and advisory roles as a risk management specialist, including with EY and Marsh, and as CRO at BG Group, a FTSE100 oil & gas producer.
John Berry, chief risk officer Allianz Holdings, said: “James brings vast industry experience and insight to Allianz from his previous career in financial services and beyond. I am delighted that James has agreed to join Allianz.”
James Maxwell added: “I’m really pleased to be joining Allianz in this role. Working within the world’s largest insurer, I’ll have the opportunity to make a real difference to the way we manage risk both in the UK and more widely. It’s a great time to be doing so, considering the uncertainty facing us in our macro environment and I look forward to working with John and the wider risk team, as well as my fellow executives and everyone else within Allianz.”
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.
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.