Mark and Olivia will be responsible for setting the strategy, direction, pricing and underwriting appetite for Allianz’s commercial property and motor trade accounts respectively, as well as maintaining and developing products and customer propositions.
Allianz Commercial has promoted Mark Ashwood as head of property insurance and Olivia Baker as head of motor trade insurance.
Mark has had an extensive career at Allianz since joining the company in 1987. He worked in a number of branches in commercial underwriting roles, before becoming motor trade manager and most recently, motor trade underwriting account manager.
Olivia joined the Allianz graduate programme in 2010 and has since held several underwriting roles with a particular focus on account management and portfolio steering. This included leading the motor trade account in the Woking branch and her most recent role as manager within the motor trade head office account team.
Stuart Toal, head of mid-corporate, Allianz Commercial, said:
“Mark and Olivia both have an incredible wealth of experience in underwriting. They bring a huge amount of knowledge and technical excellence with them to their roles, as well as a great understanding of the market. I’m confident these appointments place Allianz in a strong position as we strive to meet our underwriting ambitions.”
He added: “I’m really pleased that we have been able to promote from within for these two pivotal roles in our organisation, which just demonstrates the strength of our talent pool.”
The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.
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.
About Allianz
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 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 2021, over 150,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.
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.
*Including non-consolidated entities with Allianz customers.
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