Allianz to serve global commercial insurance segment as one go-to-market business

Today marks a milestone: Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance business of local Allianz Property & Casualty (P&C) entities will begin to trade as “Allianz Commercial” as one go-to-market business offering insurance solutions for mid-sized businesses, large enterprises and specialist risks. AGCS, as a global carrier, and Allianz’s commercial businesses in markets such as Australia, France, Germany and UK will officially adopt the new trading name of Allianz Commercial as of today, while other countries will be moving to the new integrated model and trading identity in the coming months.  
Chris Townsend, Member of the Allianz SE Board of Management, comments: “Our commercial businesses have been united in ONE global model. With Allianz Commercial, we can service a fuller, more dynamic range of customers under our new unifying name – this gives us an immense competitive advantage and a compelling customer value proposition across the commercial insurance market, rooted in simplicity and consistency.” 
Allianz Commercial is also moving to a new structure with 11 new regions which brings together the current six regional units of AGCS with Allianz’s national Commercial businesses. Each region is led by one Commercial Managing Director representing the integrated Allianz Commercial business to customers and distribution partners with a more consistent trading approach and a wider set of solutions. These regions have been designed to reflect market characteristics, broker and distribution practices, and geographic proximity.  
Allianz Commercial CEO Joachim Mueller comments: “The new regional set-up gives us the optimum footprint in all major commercial markets worldwide. We will be able to play the full market in one consistent approach with advanced product solutions, which are grounded in global industry and underwriting expertise and delivered with local market knowledge.”  

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Allianz Commercial Region Countries  Commercial Managing Director 
Asia 
China, Hong Kong, India, Indonesia, Laos, Japan, Malaysia, Sri Lanka, Singapore, South Korea, Thailand Christian Sandric  
Australia Australia  Phuong Ly
Benelux & Nordics  Belgium, Netherlands and Nordic countries  To be confirmed 
Central & Eastern Europe  Austria, Poland, Hungary, Czech Republic, Slovakia, Bulgaria, Romania, Croatia, Slovenia & Ukraine To be confirmed 
France France, South Africa   Patrick Thiels 
Germany & Switzerland   Germany, Switzerland, Liechtenstein  Hans-Jörg Mauthe 
Iberia Spain, Portugal  Agustín de la Cuerda
Latin America  Argentina, Brazil, Colombia, Mexico David Colmenares 
North America USA, Bermuda, Canada  Tracy Ryan (AGCS SE Board Member) 
Southern Europe   Greece, Italy, Turkey To be confirmed 
United Kingdom  United Kingdom  Nadia Côté

As previously announced, Joachim Mueller will lead Allianz Commercial as part of his responsibilities as CEO of AGCS SE. From the regulatory and licensing perspective, and to ensure local continuity, the legal names of AGCS companies and the various Allianz P&C entities such as Allianz Versicherungs-AG or Allianz France will remain. Similarly, each legal carrier will retain its existing financial strength rating. In 2022, the integrated business of Allianz Commercial generated more than €19 billion gross premium globally. 

Allianz Commercial will serve a wide range of business customers around the globe ranging from global multinationals to family-owned and mid-sized enterprises, which are the backbone of the economy in many countries, as well as unique and complex risks such as offshore wind parks, shipping or aviation fleets or Hollywood film productions. To all these customers Allianz Commercial provides a wide range of traditional and alternative risk transfer solutions, risk consulting and global program services (Allianz Multinational) as well as seamless claims handling.  

Hugo Kidston
Allianz Commercial
Nicholas Scofield
Allianz Australia
Lesiba Sethoga
Allianz Commercial (Johannesburg)
Ailsa Sayers
Allianz Commercial (London)
Heidi Polke
Allianz SE
Laura Llaurado
Allianz Commercial (Madrid)
Andrej Kornienko  
Allianz Commercial (Munich)
Jo-Anne Chasen
Allianz Commercial (New York)
Florence Claret
Allianz Commercial (Paris)
Olivia Smith
Allianz Commercial (Rotterdam)
Shakun Raj
Allianz Commercial (Singapore)
The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 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 around 737 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 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 among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2023.
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:
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