Press release -
Stephanie Smith to step down as COO of Allianz Holdings
Allianz Holdings today announced that chief operations officer Stephanie Smith is stepping down, effective 31 December 2021, to pursue fresh opportunities.
Stephanie joined Allianz Insurance in 2009 as a senior IT manager, quickly moving on to become director, operations for its Retail Division. In 2016 she was appointed chief operations officer, joining the Management Board. In that capacity she oversaw the complex programme of work following the acquisition of LV= GI, through the joint venture phase and into 100% ownership. More recently, Stephanie has led Allianz’s operational response to the pandemic and has been instrumental in designing Allianz’s return to office programme and New Work Model.
Jon Dye, CEO of Allianz Holdings, said: “Stephanie has played a key role in the success of our business during a period of challenging and exciting changes. On behalf of all of my colleagues at Allianz, I would like to thank her for the significant contribution she has made to the success of our business over the last 12 years and wish her all the best for the future.”
Stephanie Smith said: “I’ve thoroughly enjoyed my time at Allianz and while I am sad to leave, it is now my time to move on and seek out fresh challenges. It has been a real honour to work with such great people and for such a strong global and UK business.”
The appointment of Stephanie’s successor will be addressed by incoming Allianz Holdings CEO Colm Holmes once he joins Allianz in December, and an announcement will be made in due course.
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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.
