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Allianz Insurance proud to support new police taskforce to fight construction machinery theft

Press release   •   Jul 20, 2021 09:00 BST

Allianz Engineering is proud to be one of the insurance companies backing the new Agricultural and Construction Equipment (ACE) specialist police unit.

As part of the Opal, the national intelligence unit focused on serious organised acquisitive crime (SOAC) across the UK, the ACE unit will target construction plant and agricultural machinery theft.

The key message from the taskforce is that collaboration across all relevant industries are essential for unit’s success, and with several other insurers, the Construction Equipment Association (CEA) the Agricultural Engineers Association (AEA), this is a real step forward in combatting construction theft.

Steven Kelly, head of insurance for Engineering Construction & Power, Allianz Insurance, said: “We are very happy to get behind this new taskforce. It is definitely a step in the right direction, and with so many different insurers with a keen interest in construction, it is a real encouraging and positive step in fighting this type of crime.

“We look forward to working with the new unit, helping in any way we can to ensure they can get on with the job of catching these thieves.”

The first official launch of the unit was in April this year, where it was introduced to police forces nationwide, key partners and collaborating trade associations.

The first scheduled meeting of the ACE team, manufacturers, operators, hirers and insurers will take place in September, where formal introductions will take place, and first objectives will be discussed.

ENDS

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.

About Allianz

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.

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