Allianz Commercial will feature a single commercial lead in each country or region to represent the business for both mid-sized and large businesses with one face to the market, simplifying the experience of clients and distribution partners. In this new role, she will be reporting to AGCS CEO Joachim Mueller and Colm Holmes, CEO Allianz Holdings UK and lead the new integrated approach between AGCS’ and Allianz UK’s teams in the commercial insurance segment. She also continues to take responsibility for the wider AGCS Regional Unit London including Nordic countries.
Allianz today announced Nadia Côté has been appointed Commercial Managing Director UK, effective 1 May 2023, subject to regulatory approval.
In this new role, she will be leading the new integrated approach of Allianz Group in the commercial insurance business bringing together Allianz Global Corporate & Specialty (AGCS) UK, which focuses on large clients, and Allianz Holding’s UK commercial business under one strategy and approach.
With more than 25 years’ experience in corporate insurance, Nadia Côté has been with Allianz Group since May 2022 when she joined as Regional Managing Director for London & Nordics with AGCS. Prior to AGCS she was most recently Head of Major Accounts at Chubb Europe and before that she was country president for Chubb Europe in France for seven years. She started her insurance career as a Financial Lines Underwriter first at AIG and later at Chubb.
AGCS CEO Joachim Mueller comments:
“Nadia will play a key role going forward to bring Allianz Commercial to life in the UK market. The powerful, integrated approach in a global model combined with strong local execution and delivery will help us to unleash our full potential in targeting new business opportunities and providing new solutions and a wider offering to our customers across the full commercial segment.”
Allianz UK CEO Colm Holmes comments:
“Allianz Commercial is all about our brokers and clients, and making it as easy as possible for them to engage with us. Nadia is expertly positioned to lead our UK teams, presenting one face to market across commercial – keeping the trusted relationships and local know-how that our brokers and clients value, while providing global support and expertise.”
Additional appointments have been made in the other countries in the initial launch of Allianz Commercial: Australia, France and Germany.
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.
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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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