Allianz Holdings plc today announced the appointment of Paul Evans as non-executive chairman.
Paul will join the Board as chairman elect on 1 November 2020 and will then take over from current chair, Rick Hudson, on his retirement in April 2021. In this role, Paul will also chair Allianz Insurance plc and LV= General Insurance Group.
Paul has had a distinguished career in insurance. He is a Chartered Accountant who spent 13 years with PricewaterhouseCoopers and 17 years at AXA where he held a number of senior roles including Group CEO, AXA UK and Group CEO, AXA Global Life, Savings and Health. Paul is also a former chairman of the Association of British Insurers (ABI) and currently holds non-executive roles with BUPA and Swiss Re.
Allianz Holdings plc CEO, Jon Dye said: “I am delighted that Paul has agreed to join us on the Board of Allianz Holdings. In these times of great uncertainty, challenge and change in our industry, Paul’s extensive knowledge and experience will be invaluable in helping to drive Allianz on to even greater success in the future. Paul is a highly respected figure in the UK insurance market and has an excellent track record of leading organisations to profitable growth.”
Paul Evans commented: “It is a huge privilege to become chairman of Allianz Holdings plc at such an important time for our industry. Allianz Insurance and LV= General insurance have built remarkably strong, customer-focused franchises, and they can face the future together with great confidence. I very much look forward to working with Jon, the Board and the Executive Team taking the organisation forward.”
The appointment is subject to regulatory approval.
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.
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million retail 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 740 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage almost 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2019, over 147,000 employees achieved total revenues of 142 billion euros and an operating profit of 11.9 billion euros for the group.
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.
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