Press release -
Allianz Commercial announces key leadership appointments in the UK
Allianz Commercial is pleased to confirm two significant appointments to its UK commercial leadership team within mid-market and large corporate, both effective immediately, and reinforcing their commitment to delivering excellence and innovation in insurance services across these segments.
Graham Stait, who has been serving as Director of Mid-Market on an interim basis, will now assume this role permanently, with the new title of Director UK Markets. Graham brings over 17 years' experience with Allianz, having held various positions of increasing seniority across claims, operations and trading. His extensive insights and successful track record in driving cross-sell business make him an invaluable asset and he will continue to lead this crucial commercial segment, driving profitable growth and supporting our brokers and customers.
Additionally, Luke Baker has been appointed Director UK Global - as well as the UK Branch Manager of AGCS SE UK Branch, following full regulatory authorisation, having been in the role in an interim capacity. An insurance industry veteran with close to 25 years' experience, Luke’s career has spanned both broking and underwriting roles across the market and different geographies, giving him a well-rounded perspective on client needs. He joined Allianz in 2021 and his extensive large-corp experience means he is well versed and perfectly positioned to lead this segment of the business moving forward.
Phuong Ly, Managing Director of Commercial at Allianz UK commented: “These appointments are part of our UK strategy, aimed at cementing Allianz Commercial in the UK market. We are confident that our leadership team, including the recent appointments of Claire Buck as Chief Technical Officer and Adam Lloyd as Chief Underwriting Officer, are well-placed to drive our commercial ambitions forward.”
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About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance.
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with around 128 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 776 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.9 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 2024, over 156,000 employees achieved total business volume of 179.8 billion euros and an operating profit of 16.0 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2024.
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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 the 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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