Press release -
Allianz’s Birmingham branch hits £100 million milestone
Allianz’s Birmingham branch has reached the milestone of hitting £100m GWP income for business with local brokers.
A number of factors have contributed to the success of the branch and strengthening partnerships with local brokers has been key. Relocating back to the city four years ago and being at the heart of Birmingham’s financial district has helped to drive the branch forward.
Allianz’s regional manager, Midlands and South West, Jason Howes commented:
“Our committed team provide a first class service and have worked hard to successfully build effective relationships. Our local broker partners continue to be very supportive and we’d like to thank them for their support."
Allianz’s director of broker markets, Sarah Mallaby added:
“Our local branch network remains key to Allianz and it’s fantastic to see another one of our branches hitting the milestone of £100m GWP.”
The office covers all classes of business including motor trade, P&C,fleet and engineering. In 2017 it was announced that Birmingham was one of three locations where Allianz would have a dedicated team of specialist construction underwriters.
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The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.
The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. 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 over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 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 a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.
Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including 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 including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
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