Allianz launches new regional set-up for integrated commercial business
Allianz launches new regional set-up for integrated commercial business | Insurance Business Asia
Insurance News
Allianz launches new regional set-up for integrated commercial business
United model expected to give firm “immense competitive advantage”
Insurance News
By
Terry Gangcuangco
Global insurer Allianz has introduced a new regional set-up for its commercial insurance business after combining the group’s Allianz Global Corporate & Specialty (AGCS) unit with the commercial insurance operations of local Allianz property & casualty entities. Under the integrated proposition, the businesses will trade as “Allianz Commercial” moving forward.
“Our commercial businesses have been united in one global model,” Allianz SE management board member Chris Townsend said in an emailed release. “With Allianz Commercial, we can service a fuller, more dynamic range of customers under our new unifying name – this gives us an immense competitive advantage and a compelling customer value proposition across the commercial insurance market, rooted in simplicity and consistency.”
Below are the 11 regions, which combine the six regional units of AGCS with the national commercial businesses of Allianz. The latter served mid-sized companies while AGCS catered to large enterprises. Both sizes, as well as specialist risks, now fall under the remit of Allianz Commercial.
Allianz Commercial region
Countries
Commercial managing director
Asia
China, Hong Kong, India, Indonesia, Laos, Japan, Malaysia, Sri Lanka, Singapore, South Korea, Thailand
Christian Sandric
Australia
Australia
Phuong Ly
Benelux & Nordics
Belgium, Netherlands, Nordic countries
To be confirmed
Central & Eastern Europe
Austria, Poland, Hungary, Czech Republic, Slovakia, Bulgaria, Romania, Croatia, Slovenia, Ukraine
To be confirmed
France
France, South Africa
Patrick Thiels
Germany & Switzerland
Germany, Switzerland, Liechtenstein
Hans-Jörg Mauthe
Iberia
Spain, Portugal
Agustín de la Cuerda
Latin America
Argentina, Brazil, Colombia, Mexico
David Colmenares
North America
USA, Bermuda, Canada
Tracy Ryan
Southern Europe
Greece, Italy, Turkey
To be confirmed
United Kingdom
United Kingdom
Nadia Côté
“The new regional set-up gives us the optimum footprint in all major commercial markets worldwide,” Allianz Commercial chief executive Joachim Mueller said. “We will be able to play the full market in one consistent approach with advanced product solutions, which are grounded in global industry and underwriting expertise and delivered with local market knowledge.”
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