Following the decision of Fireman’s Fund Insurance Company CEO, Lori Dickerson Fouché to pursue her career outside of the Allianz Group, Andrew Torrance has agreed to take over as the company’s new CEO.
To replace Andrew at the helm of Allianz UK, the current General Manager of the company’s Retail Division, Jon Dye, will become the new CEO. These appointments will take effect as soon as all necessary regulatory permissions are received.
Established in 1863, Fireman’s Fund is based in Novato California and is a Property and Casualty insurer providing personal and commercial insurance and in that regard is not too dissimilar in focus from Allianz UK.
Clement B Booth, Member of the Allianz SE Management Board and Chairman of Allianz UK said:
“Andrew’s achievements at Allianz UK in such a highly competitive insurance market made him a natural choice for this role. His experience and steadfast commitment to the principle of profitable growth combines perfectly with the objective of Fireman’s Fund to improve the company’s profitability.”
Commenting on his decision to leave Allianz UK where he has been since 1999, first as Director and General Manager, Broker Division and then as the company’s CEO since 2003, Andrew Torrance said;
“This is a new challenge in my career and as anyone will tell you I am a very competitive person. It was not an easy decision to make but I knew that I had in my leadership team a very capable and experienced successor in Jon Dye. I heartily congratulate him on his well deserved promotion.”
“The fact that it has been possible to make these appointments so quickly represents a huge endorsement of the Allianz Group and this company and its leadership team in particular. The continuity we are able to show in such circumstances is one of the reasons why we have enjoyed consistent success in the UK.”
Jon Dye has been with Allianz UK for ten years, first as Claims Director in 2003 and then as Retail General Manager in 2007.
“I am absolutely delighted to follow Andrew as CEO as he takes on a new challenge in the US. He has been an exceptional leader of this organisation and we all owe him a huge debt of gratitude for the immense skill and focus he has shown during his time at Allianz UK.”
“I am very confident that we will go on to achieve great success in the years ahead. One of the reasons for that confidence is the excellent people we have in this organisation who in my view are the best in the market.”
Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, one of the leading integrated financial services providers worldwide and the largest property and casualty insurer in the world.
With approximately 144,000 employees worldwide, the Allianz Group serves approximately 78 million customers in more than 70 countries.
The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that out clients recommend, being a great company to work for and achieving the best combination of profit and growth.
David Keel, Head of Communications
Tel: 01483 552718
Mobile: 07771 794978
Mark Bishop, Group Communications Manager
Tel: 01483 552731
Mobile: 07802 925053