Allianz launches ‘Engineering, Construction & Power’

Press Releases   •   Oct 11, 2018 10:12 BST

Having reinvented the Allianz Engineering business through the completion of the modernisation of our market leading Engineering Inspection business, the creation of expert-led underwriting teams and the launch of Construction Select, Allianz is today announcing a new brand name to its customers and insurance broker partners - Allianz Engineering, Construction & Power.

Allianz welcomes 32 new graduates to the business

Press Releases   •   Oct 08, 2018 10:06 BST

Allianz has welcomed 32 graduates onto its graduate programme. They recently shared an intensive induction week with presentations from CEO, Jon Dye, and members of the management board.

Small businesses fear IPT budget hike - #IPTsUnfair

Press Releases   •   Oct 04, 2018 09:40 BST

Ahead of the Budget on 29th October, independent research commissioned by Allianz has revealed anxiety amongst SME business leaders that the Chancellor will increase Insurance Premium Tax (IPT) from its current standard rate of 12%.

Allianz’s claims service receives external recognition

Press Releases   •   Oct 02, 2018 09:45 BST

Allianz Insurance’s claims service has received the Gracechurch marque for ‘outstanding quality‘, which recognises commitment to exceptional customer service.

Allianz celebrates broker scholarship programme success

Press Releases   •   Sep 21, 2018 09:58 BST

Allianz Insurance celebrated the success of its recent intake of broker scholars, by holding a graduation event at Heddon Street Kitchen, London. The lunch recognised the achievements of 20 scholars who have completed Allianz’s Scholarship Programme, which supports brokers to achieve their CII Diploma in Insurance within 18 months.

Allianz tops Dow Jones Sustainability Index 2018 as most sustainable insurer

News   •   Sep 20, 2018 11:48 BST

    Allianz Group achieved the top position as sector leader among all rated insurance companies in the Dow Jones Sustainability Index (DJSI). This is the second time in a row since 2017. In the results of the world’s most relevant sustainability index, published today, Allianz ranks with 85 points well above the average sector scoring of 47 points. Since 2000, the company has been part of the DJSI which assesses environ-mental, social and governance (ESG) criteria. Only the most sustainable of the 2,500 companies in the Dow Jones Global Total Stock Market Index (DJGTSM) are listed.

    “We are very pleased with this result. It shows that our focus on ecological, social and governance criteria is being acknowledged by external sustainability experts," says Günther Thallinger, Member of the Board of Management of Allianz SE and responsible for Invest-ments and ESG. "As a responsible insurer, investor and employer, we contribute to positive social and economic development in all markets in which we are present.” Allianz creates measurable ecological and social added value through, among other things, sustainable products, climate-friendly business operations and social engagement. Important results of the last year include

    • 165 insurance and financial products with ecological or social benefits
    • 5.6 billion euros invested in renewable energies (as of 31.12.2017)
    • reduction of the carbon footprint per employee by 17 percent (compared with 2010)
    • social engagement with around 80,000 hours of voluntary work by employees and 20 million euros in donations for a good cause

By joining the Science Based Target Initiative (SBTi), Allianz has set itself long-term goals for climate protection. In the future, the two-degree target of the Paris Climate Agreement will be integrated into the investment of insurance customers’ premiums. To this end, all tradable investments are to be structured climate-neutrally by 2050. In order to support this long-term transformation towards a low-carbon economy, Allianz is in active dialogue with companies to define and implement their own climate protection targets. The first step is being taken in four particularly energy-intensive sectors, including the transportation sector. In the energy sector of the portfolio, the threshold value for the maximum coal content will be lowered from 30 percent to 25 percent by 31 December 2022. The threshold refers to the revenue that mining companies generate by mining coal, or to the percentage of electricity generated from coal by energy companies. The measures continue Allianz's ESG scoring approach, which is currently applied to companies with high ESG risks.

Allianz is currently working with recognized climate experts, non-governmental organizations and committed companies within SBTi to develop marketable analysis tools for investors to integrate the two-degree target. Many companies are still unable to make precise statements about their greenhouse gas emissions or those of their supply chain due to a lack of data and procedures. "There is still a lot of pioneering work to be done. As a long-term investor, we need valid methods as quickly as possible to evaluate the climate strategies of invested companies. The adaptability of business models to the two-degree target will in future be a decisive selection criterion for our portfolio," explains Günther Thallinger. "It is important to limit global warming as quickly as possible – this will only succeed if business and politics pull in the same direction.”

With a view to achieving the two-degree target, Allianz also intends to significantly reduce its own emissions in the long term. One of the next important measures is to purchase all electricity for the Allianz Group's business operations from renewable energy within the
next few years.

Ends.

About the DJSI

The DJSI is one of the world’s most recognized sustainability ratings. The DJSI is prepared based on the RobecoSAM Corporate Sustainability Assessment (CSA). The CSA assesses a company based on its public disclosures and transparency of its sustainability approach, as well as internal and confidential data provided directly by the company. It considers a wide range of economic, environmental and social topics, such as human resources programs, executive compensation, tax policies, shareholder rights, compliance and anti-corruption programs, environmental management and performance, corporate social engagement, customer satisfaction, and many other dimensions.

Additional information:

allianz.com/sustainability

For further information, please contact:

Anja Rechenberg Tel. +49 89 3800 4511, e-mail: anja.rechenberg@allianz.com

• Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row • Best in sector in climate strategy, human capital development, information security, tax strategy and financial inclusion • Integration of the two-degree climate target in proprietary investments and business operations starting

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Allianz Legal Protection appoints new underwriting manager

Press Releases   •   Sep 11, 2018 10:40 BST

Allianz Legal Protection (ALP) has appointed Sanchia Groves LLM FCII to the newly established role of underwriting manager, Legal Protection.

Allianz Announces New Director Appointment

Press Releases   •   Sep 04, 2018 09:30 BST

Allianz Insurance has appointed Gabriele Tischler to the role of director, market management & brand.

Allianz appoints new CFO

Press Releases   •   Aug 21, 2018 09:21 BST

Allianz Insurance has appointed Fernley Dyson to the position of Chief Financial Officer, with effect from 1st January 2019. He will replace Mark Churchlow who is retiring after almost 30 years with Allianz.

Fernley is currently the CFO at Ageas, a role he has held since Jan 2012 when he joined the firm. Before joining Ageas, Fernley was with Aviva for seven years.

Allianz’s CEO, Jon Dye said:

“We are delighted that Fernley is joining our management board to take on the leadership of our Finance teams. He brings with him a wealth of experience in the insurance sector and has a strong track record in the fields of professional and financial services.

“I would also like to go on record to thank Mark for his tremendous contribution to Allianz over a considerable period, including holding the posts of Chief Actuary and CFO. Mark has played a key role in building our business including, most recently, the strategic partnership with LV=.”

The appointment is subject to regulatory approval.

ENDS

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.

The Allianz Group is one of the world's leading insurers and asset managers with more than 88 million retail and corporate customers. Allianz Group 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 Group is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenue of 126 billion euros and an operating profit of 11 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements.

Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including 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 including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update

The company assumes no obligation to update any information or forward-looking statement contained herein, save for any information required to be disclosed by law.

.

Allianz Insurance has appointed Fernley Dyson to the position of Chief Financial Officer, with effect from 1st January 2019. He will replace Mark Churchlow who is retiring after almost 30 years with Allianz.

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Allianz appoints new Luton development manager

Press Releases   •   Aug 17, 2018 11:01 BST

Allianz Insurance has named Alex Ktenidis as its new Luton development manager. The change in role will see Alex move from his current position as senior business developer in London.

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About Allianz Insurance plc

Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide.

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