MUNICH - Friday, 31. March 2023
- Allianz Commercial leaders confirmed for Australia, France, Germany and the United Kingdom
- Each leader serves as one face to the market in each country, covering the full Commercial segment for both mid-sized and large companies
- Clients and distribution partners to benefit from more consistent interface and broader set of solutions under the new global model
(BUSINESS
WIRE) -- As part of the implementation of its ‘Integrated Commercial’
strategy to better serve the full Commercial segment, Allianz Group
today announced the leadership for four of its largest Property and
Casualty Commercial insurance markets: Australia, France, Germany and
the United Kingdom. In each country, the appointed single Commercial
lead will represent the integrated Allianz Commercial business and bring
to the market Allianz’s full set of solutions for specialty clients,
large corporates, and mid-sized companies, simplifying and enhancing the
experience of clients and distribution partners.
“The
appointment of the regional leaders in our core Allianz Commercial
markets is an important, concrete step toward realizing our new
integrated model, which brings together our Mid Corporate and Large
Corporate insurance business for the benefit of our clients and
distribution partners,” said Chris Townsend, Member of the Allianz SE
Board of Management.
Townsend added, “As one face to the market,
these leaders will represent the full Allianz offering to companies
across the entire commercial spectrum and will drive the effective local
delivery of our global capabilities.”
Australia: The Allianz
Commercial business in Australia will be led by Phuong Ly as Chief
General Manager Allianz Commercial, reporting to Richard Feledy,
Managing Director of Allianz Australia in conjunction with Joachim
Mueller, CEO of Allianz Global Corporate & Specialty (AGCS). For
more information, please click here.
France: The Allianz
Commercial business in France will be led by Patrick Thiels as Country
Managing Director for Allianz Commercial with Frédéric Baccelli as
Deputy Country Managing Director for Allianz Commercial. Thiels will
report to AGCS CEO Joachim Mueller and to Fabien Wathlé, CEO of Allianz
France. For more information, please click here.
Germany: The
Allianz Commercial business in Germany will be led by Hans-Joerg Mauthe
as Commercial Managing Director, reporting to AGCS Chief Regions and
Markets Officer Henning Haagen and to Ulrich Stephan, Board Member of
Allianz Versicherungs-AG. For more information, please click here.
United
Kingdom: The Allianz Commercial business in the United Kingdom will be
led by Nadia Côté as Commercial Managing Director, subject to regulatory
approval. She is reporting to AGCS CEO Joachim Mueller and to Colm
Holmes, CEO Allianz Holdings UK. For more information, click here.
The appointment of additional Allianz Commercial regional leaders in other markets globally will follow in due course.
Allianz
previously announced on March 10, 2023 that it will serve the global
commercial insurance segment as one go-to-market business, using the new
trading name of Allianz Commercial, combining its AGCS business serving
large corporate and specialty clients together with the insurance
businesses of Allianz’s operating entities serving mid-sized
country-based accounts. Joachim Mueller will lead Allianz Commercial as
part of his responsibilities as CEO of AGCS SE.
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 683 billion euros** on behalf of its
insurance customers. Furthermore, our asset managers PIMCO and Allianz
Global Investors manage about 1.6 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.
These assessments are, as always, subject to the disclaimer provided below.
* Including non-consolidated entities with Allianz customers.
** As of Dec 31, 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’s core business and core markets, (ii) the performance of
financial markets (in particular market volatility, liquidity, and
credit events), (iii) adverse publicity, regulatory actions or
litigation with respect to the Allianz Group, other well-known companies
and the financial services industry generally, (iv) the frequency and
severity of insured loss events, including those resulting from natural
catastrophes, and the development of loss expenses, (v) mortality and
morbidity levels and trends, (vi) persistency levels, (vii) the extent
of credit defaults, (viii) interest rate levels, (ix) currency exchange
rates, most notably the EUR/USD exchange rate, (x) changes in laws and
regulations, including tax regulations, (xi) the impact of acquisitions
including and related integration issues and reorganization measures,
and (xii) 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
Allianz
assumes no obligation to update any information or forward-looking
statement contained herein, save for any information we are required to
disclose by law.
Privacy Note
Allianz SE is committed to protecting your personal data. Find out more in our privacy statement.
Chairman of the Supervisory Board: Michael Diekmann.
Board
of Management: Oliver Bäte, Chairman. Dr. Sirma Boshnakova, Dr. Barbara
Karuth-Zelle, Dr. Klaus-Peter Röhler, Giulio Terzariol, Dr. Günther
Thallinger, Christopher Townsend, Renate Wagner, Dr. Andreas Wimmer
(Release
/ Stand 01.2023). For VAT-Purposes: VAT-Registration Number: DE 129 274
114; Insurance services are exempt from VAT. Allianz SE, Munich,
Comm.Reg.: Munich HRB 164232
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Contacts
Group Communications
Lauren Day
Phone +49 89 3800 3345
e-mail: lauren.day@allianz.com
Allianz Global Corporate & Specialty
Hugo Kidston
Phone +44 203 451 3891
e-mail: hugo.kidston@allianz.com
Heidi Polke
Phone +4989 3800 14303
e-mail: heidi.polke@allianz.com