Press release -
Allianz strengthens Commercial underwriting team
Allianz Insurance has appointed Stuart Toal to the newly created role of head of mid-corporate and named Helen Bancroft as the new casualty account manager.
Reporting to chief underwriting officer, Catherine Dixon, Stuart will lead the mid-corporate business, playing a key part in defining the appetite and strategy for property, casualty, motor trade and Engineering Construction & Power as well as working closely with regional and Global Commercial colleagues.
Stuart joined Allianz in 2015 as casualty account manager. Prior to that he worked for AIG as the casualty chief underwriting officer, and interim head of casualty.
Following, and as a result of Stuart’s appointment, Allianz has promoted Helen Bancroft to the position of casualty account manager. Reporting to Stuart, Helen will set the direction of the Commercial liability, speciality and legal protection lines of business whilst supporting the underwriting strategy and ambitions of Allianz Commercial.
Helen joined Allianz in 2002 on the graduate scheme and has since worked in a variety of senior underwriting roles across the Allianz branch network including Milton Keynes, Maidstone and London. In 2017 she was appointed UK liability manager and quickly established herself in the role with a particular passion for identifying emerging risks and opportunities.
Catherine Dixon, CUO Allianz Commercial, commented: “I’m delighted to announce these two appointments. As we continue to shape our Commercial business, it’s crucial that we can count on the talent and expertise of our people and both Stuart and Helen bring not only experience to their new roles but also a great understanding of an ever-competitive market and changing world. We’re known for our technical excellence so I look forward to working with both of them in what is an exciting and challenging time for underwriting as we drive our ambitions forward.”
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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.
