Allianz Insurance appoints new CEO
Dye joined Allianz in 2003, becoming its CEO in 2013, and during his tenure he oversaw several acquisitions including that of the general insurance businesses of Liverpool Victoria (LV =) and Legal and General (L&G), helping Allianz to become one of the leading personal and business insurers in the UK.
In a press release, Allianz noted that Dye’s legacy includes the successful integration of Allianz UK and LV = and its role in helping Allianz radically change its position in the market.
Chris Townsend, Board Member of Allianz SE, said: “I would like to thank Jon for his leadership at Allianz Holdings since July 2013, in particular for working on our recent UK acquisitions and successfully overcoming the challenges of the pandemic. We look forward to Colm joining us to advance our business and capitalize on our strong market position.
Meanwhile, commenting on the news, Dye noted that he truly enjoyed his 18 years at Allianz and had the privilege of leading the company as part of a successful team. He said he would work closely with his colleague during the transfer window of the next six months to ensure the company is in the best possible shape for Holmes.
Holmes, who held senior positions at JP Morgan Chase, Zurich Financial Services, and most recently at Aviva, where he served as CFO and Managing Director, was noted by Allianz for his deep understanding of the UK consumer market. damage insurance. The statement said he will work to strengthen Allianz’s position in the UK.
The change is subject to regulatory approval.
Aviva has also revealed who will step in to reprise the role of Holmes, with Adam Winslow being appointed CEO of Aviva UK & Ireland General Insurance. Winslow, who was most recently CEO of Aviva’s international operations, will continue to report to Aviva Group CEO Amanda Blanc in her new role. He will also remain a member of the executive committee of the Aviva group.
Winslow has over 20 years of experience in the general and life insurance industry, including positions at AIG and Allianz, as well as senior management experience in the personal and commercial sectors, in operations and relations with brokers.
Commenting on Winslow’s appointment, Amanda Blanc, CEO of Aviva Group, noted that the insurer has significant ambitions for growth in general insurance in the UK and Ireland as it continues to transform the performance of its businesses. main following the group overhaul.
“Adam’s talent and ability has been amply demonstrated in leading our successful program of eight divestments over the past eight months,” she said. “Having now concluded the strategic refocus of our portfolio, I am delighted to appoint him to this central role and his next challenge at Aviva.”