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ALLIANZ ANNOUNCES TWO NEW MANAGEMENT BOARD APPOINTMENTS

ALLIANZ ANNOUNCES TWO NEW MANAGEMENT BOARD APPOINTMENTS

Allianz Insurance has appointed Stephanie Smith and Jacob Abboud to its management board, to replace John Knowles who has decided to retire from the business. Stephanie Smith has been promoted to the role of chief operating officer (COO), effective from 1 January 2016. Jacob Abboud has joined the business as Allianz’s chief information officer (CIO).

Insurance leaders give green light for IFB evolution

The Insurance Fraud Bureau (IFB) will extend organised fraud detection into property and liability business lines from 2016, following sign-off on future strategy implementation plans from the Association of British Insurers’ General Insurance Council (GIC).

ALLIANZ WINS REGULATORY APPROVAL OF SOLVENCY II INTERNAL MODEL

As part of the Allianz SE group, Allianz Insurance has received regulatory approval to implement an internal model to calculate capital requirements under Solvency II. This will allow Allianz to use the model for calculation of Solvency II capital requirements in major European markets, including in the UK, from the start of 2016.

ALLIANZ SEEKS TO GROW ITS EXCESS CASUALTY BUSINESS WITH NEW PRODUCT OFFERING

Allianz Commercial has refreshed its Excess of Loss product, as part of a move to significantly grow its portfolio across casualty lines. The new offering will allow brokers to buy higher limits of indemnity than their current liability insurer may be willing to provide, allowing them to top-up the total level of cover.

ALLIANZ COMMERCIAL WELCOMES WOKING DISTRIBUTION MANAGER

ALLIANZ COMMERCIAL WELCOMES WOKING DISTRIBUTION MANAGER

Allianz Commercial has announced the appointment of Ross McCallum as distribution manager at its Woking office. In his new position Ross will manage the sales and development team and ensure that the local strategy delivers a first class insurance solution to its partners and delivers mutual growth.

ALLIANZ PROFITABLE GROWTH STORY CONTINUES

ALLIANZ PROFITABLE GROWTH STORY CONTINUES

I am pleased to report that Allianz has maintained its long- term delivery of profitable growth despite intensive competition in key markets. Premium growth at 2.7% coupled with a Combined Operating Ratio of 97.9%, is a steady level of performance.

ALLIANZ CLAIMS CONFIRMS MANAGEMENT APPOINTMENT

ALLIANZ CLAIMS CONFIRMS MANAGEMENT APPOINTMENT

Allianz Claims is pleased to announce the appointment of Lee Watts, who joins the company from QBE as head of casualty claims. In his new role Lee will be responsible for leading the development and implementation of technical claims strategy and best practice across all casualty and disease claims.

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