24 January, 2025
Phuong Ly to lead Allianz Commercial in the United Kingdom
Allianz Commercial today announced that Phuong Ly will be appointed Commercial Managing Director UK, effective 3 April 2025, subject to regulatory approval.
In this role he will be leading all of Allianz’s commercial insurance business in the UK spanning digital, mid-market and large-corporate, as well as the engineering inspection, legal protection and fleet business. He will report to Colm Holmes, CEO Allianz Holdings UK, and to Dirk Vogler, Chief Regions Officer International, Allianz Commercial. Until his arrival, Nick Hobbs and Luke Baker will continue to provide interim leadership for the Allianz Commercial UK business.
Phuong has more than 20 years’ experience of corporate insurance in executive roles across Distribution and Underwriting. He joined Allianz Australia in his current role as Chief General Manager of the Commercial Division in 2021, leading all the commercial segments across SME, mid-market, fleet & commercial motor, and large-corp as well as personal lines and MGA business. He will draw on this expertise to drive Allianz Commercial’s business in the UK forward with customers, partners and employees.
Allianz UK CEO Colm Holmes comments:
“It’s great to have Phuong join us. His current role in Australia means he’s expertly positioned to build an even stronger and fully unified team to serve all our commercial brokers and clients in the UK. Under his leadership our commercial teams will keep building the trusted relationships and local know-how that our brokers and clients value, while providing global support and expertise.”
Dirk Vogler, Allianz Commercial Chief Regions Officer, International, comments:
“I’m delighted to have Phuong take up this role leading all our commercial segments in the UK. Drawing on his existing experience managing the Australia region I know he will play a key role bringing our Allianz Commercial model in the UK market to the next level - unleashing our full potential in targeting new business opportunities and providing solutions to our customers across the full commercial segment.”
Biography
Phuong has more than 20 years of experience in the insurance industry and joined Allianz Australia as Chief General Manager Commercial in October 2021. Prior to joining Allianz Group, he was Chief Underwriting Officer AUSPAC at QBE and before that Executive General Manager, Business Distribution at IAG, as well as holding various other senior underwriting and distribution roles at IAG, CGU, Chartis and Munich Re.
Media contacts:
Global Hugo Kidston Tel. +44 203 451 3891 hugo.kidston@allianz.com
London Ailsa Sayers Tel. +44 7880 068 756 ailsa.sayers@allianz.com
Guildford Sara Robinson Tel. +44 7918 470463 sara.robinson@allianz.co.uk
About Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, financial strength, and network of the world’s #1 insurance brand, as ranked by Interbrand, we work together to help our customers prepare for what’s ahead: They trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services, as well as seamless claims handling. The trade name Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2023, the integrated business of Allianz Commercial generated more than €18 billion gross premium globally.
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 Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including related integration issues and reorganization measures, and (xii) 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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