Allianz Commercial launches in global Property & Casualty markets

Allianz Global Corporate & Specialty has joined forces with the commercial insurance businesses of local Allianz entities, trading under the name 'Allianz Commercial' as of today.

New regional set-up confirmed with 11 regions, each represented by one Commercial Managing Director

Allianz Integrated Commercial strategy: Clients and distribution partners to benefit from more consistent trading approach and broader set of solutions under the new global model

Today marks a milestone: Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance business of local Allianz Property & Casualty (P&C) entities will begin to trade as 'Allianz Commercial' as one go-to-market business offering insurance solutions for mid-sized businesses, large enterprises and specialist risks. AGCS, as a global carrier, and Allianz's commercial businesses in markets such as Australia, France, Germany and UK will officially adopt the new trading name of Allianz Commercial as of today, while other countries will be moving to the new integrated model and trading identity in the coming months.

Chris Townsend, Member of the Allianz SE Board of Management, comments: 'Our commercial businesses have been united in ONE global model. 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.'

Allianz Commercial is also moving to a new structure with 11 new regions which brings together the current six regional units of AGCS with Allianz's national Commercial businesses. Each region is led by one Commercial Managing Director representing the integrated Allianz Commercial business to customers and distribution partners with a more consistent trading approach and a wider set of solutions. These regions have been designed to reflect market characteristics, broker and distribution practices, and geographic proximity.

Allianz Commercial CEO Joachim Mueller comments: 'The new regional set-up gives us the optimum footprint in all major commercial markets worldwide. 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.'

Allianz Commercial regional set up

Allianz Commercial Region

Countries

Commercial Managing Director

Asia 	China, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, Singapore, Sri Lanka, South Korea, Thailand 	Christian Sandric

(effective from September 1, 2023)

Australia 	Australia 	Phuong Ly

Benelux & Nordics 	Belgium, Netherlands, and Nordic countries 	To be confirmed

Central & Eastern Europe 	Austria, Bulgaria, Croatia, Hungary, Czech Republic, Poland, Romania, Slovakia, Slovenia & Ukraine 	To be confirmed

France 	France, South Africa 	Patrick Thiels

Germany & Switzerland 	Germany, Switzerland, Liechtenstein 	Hans-Jorg Mauthe

Iberia 	Spain, Portugal 	Agustin de la Cuerda

Latin America 	Argentina, Brazil, Colombia, Mexico 	David Colmenares

North America 	USA, Bermuda, Canada 	Tracy Ryan (AGCS SE Board Member)

Southern Europe 	Greece, Italy, Turkey 	To be confirmed

United Kingdom 	United Kingdom 	Nadia Cote

As previously announced, Joachim Mueller will lead Allianz Commercial as part of his responsibilities as CEO of AGCS SE. From the regulatory and licensing perspective, and to ensure local continuity, the legal names of AGCS companies and the various Allianz P&C entities such as Allianz Versicherungs-AG or Allianz France will remain. Similarly, each legal carrier will retain its existing financial strength rating. In 2022, the integrated business of Allianz Commercial generated more than EUR19 billion gross premium globally.

Allianz Commercial will serve a wide range of business customers around the globe ranging from global multinationals to family-owned and mid-sized enterprises, which are the backbone of the economy in many countries, as well as unique and complex risks such as offshore wind parks, shipping or aviation fleets or Hollywood film productions. To all these customers Allianz Commercial provides a wide range of traditional and alternative risk transfer solutions, risk consulting and global program services (Allianz Multinational) as well as seamless claims handling.

Press contacts

Global: Hugo Kidston

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Australia: Nicholas Scofield

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Johannesburg: Lesiba Sethoga

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London: Ailsa Sayers

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Madrid: Laura Llaurado

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Munich: Heidi Polke

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Andrej Kornienko

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New York: Jo-Anne Chasen

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Paris: Florence Claret

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Rotterdam: Olivia Smith

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Singapore: Shakun Raj

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