Press release -
Allianz strengthens Engineering, Construction & Power business with internal promotion
Allianz Commercial is strengthening the underwriting capacity of its construction business in London. Engineering Construction & Power (EC&P) has appointed Arshad Rashid as regional underwriting manager for London.
In this role, Arshad will drive growth and lead the technical underwriting activity for EC&P in London, as well as monitoring the performance of regional accounts and lines of business. He will also be responsible for training, with a particular focus on growing expertise in construction and fostering new talent within the business.
Arshad has worked for Allianz since 2003 when he joined the graduate scheme. Since then, he has worked in various underwriting roles in commercial lines, most recently as a Property and Casualty Underwriting Manager in Maidstone responsible for the successful delivery of local plans and developing underwriting expertise, as well as building and growing broker relationships.
Tom Leonard, Allianz Commercial regional manager for London, commented: “I’m really looking forward to working with Arshad in this new role. Growing our EC&P business is an exciting focus for us, and Arshad brings with him not only technical knowledge but also a great deal of experience growing and nurturing talent. This internal promotion is a great example of how we invest in our people, and I have no doubt he’ll be a great asset to the EC&P business and the region in general. We have big plans for 2023 and Arshad will be one of the people leading the charge.”
ENDS
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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
About Allianz
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.
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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.
