From 1 September 2023 the newly formed UK Distribution function led by Nick Hobbs will operate across digital trading, mid-market, large corporate and speciality lines. To provide one face to market and generate opportunities with brokers and clients two new roles have been announced.
Following the appointment of Nick Hobbs as chief distribution officer, Allianz Commercial has today confirmed Mike Thomas as director of distribution for digital and mid-market, and Andy Montgomery as head of broker distribution management.
Mike Thomas will become director of distribution for digital and mid-market. Mike will join the leadership teams for Mid-Market (led by Dave Carey) and Digital (led by Helen Bryant) and concentrate on executing the distribution strategy. Mike Joined Allianz in 2003 and has undertaken a range of roles across the business including within claims, as an EA to the general manager of Commercial and development manager for Birmingham.
Recent senior leadership positions have seen him work across the UK branch network as branch manager for Luton, strategic account manager for national brokers, regional manager South East and regional manager South. At the beginning of 2022 he moved into the role of distribution director leading the strategic account managers, brokers distribution management teams and delivering Allianz’s new broker segmentation strategy.
Andy Montgomery will become head of broker distribution management and will oversee the effective delivery of the distribution strategy across the Commercial branch network. In this role he will support in developing the strategy, practices, tools and execution of the plan with particular focus on optimising Allianz’s trading profile and reputation. He joined Allianz in 2005 and has worked extensively across the UK business including account management and
development roles working with corporate partners and brokers. Most recently he’s been broker distribution manager based in the Guildford head office but working nationwide.
Nick Hobbs, chief distribution officer, Allianz Commercial commented: “This is an exciting time for Allianz Commercial. Whilst there’s no need to revolutionise a very strong business, great businesses don’t stand still. Appointing these experts and amending our structure will enable us to continue to be the best for our customers, and ensure we’re fit for the future.
“Congratulations to Mike and Andy, I have no doubt they’ll be hugely successful in their new roles.”
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.
Amy Yorston
PR Consultant
PR Consultant
Email: amy.yorston@allianz.co.uk
Mobile: 07794 266 474
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