Press release - 25 April 2024 16:51

Nicola George to replace Mike Crane as MD at Allianz’s personal lines broker business

Allianz has today thanked Mike Crane for his dedicated contribution following his decision to leave his role as Managing Director (MD) of Allianz’s personal lines broker business in the UK, which rebrands next Wednesday from LV= Broker to Allianz. He is replaced by Nicola George, subject to regulatory approval.

Mike joined LV= GI in 2008, initially building its commercial business prior to becoming MD in 2016. Since then, he has led the successful transfer of LV=’s commercial business to Allianz and the Allianz personal business into LV=, as well as significantly strengthening LV=’s position in the broker personal lines market.

In addition to his broker role, Mike successfully led the integration of the L&G GI business into LV= as CEO of L&G GI, as well as caretaking the Pricing Director role for Allianz Personal in the second half of 2023.

Serge Raffard, MD of Allianz Personal, said: “I want to personally thank Mike for his fantastic leadership, along with all the support and guidance he has given me since I started in this role. The broker business is an important part of personal lines, with 1,200 brokers servicing 1.4m policyholders, with around 750K of these with an LV= Broker brand branded policy.

“We are re-branding the LV= Broker business to Allianz in May, and so with this exciting new chapter ahead, now feels a natural point for Mike to hand over the reins. We wish him all the best.”

Nicola’s new role is effective immediately and she will lead the strategic growth of an integral part of the overall Allianz family. She joined LV= Broker in 2022 as Portfolio Pricing Director, where she has made a strong contribution to the overall success of the business.

She was previously with Aviva General Insurance for 11 years, developing her extensive industry knowledge through a series of leadership positions in actuarial and pricing roles, most recently as Head of Intermediated Pricing and Underwriting.

Serge said: “Nicola is an established leader who brings invaluable experience and insights into this key role. She understands the dynamics of the personal lines broker market thoroughly, and we’re excited to see how she will grow and develop our presence.”

Topics

Insurance, Insurance issues

Regions

England

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 more than 122 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 717 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 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 among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.

*Including non-consolidated entities with Allianz customers.
**As of March 31, 2023
***As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.

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.