By Favour Nnabugwu
The unified business will provide comprehensive insurance solutions for mid-sized businesses, large enterprises, and specialist risks.
Effective immediately, AGCS, a renowned global carrier, and Allianz’s commercial businesses in key markets such as Australia, France, Germany, and the UK will officially operate under the new trading name of Allianz Commercial. The shift to the unified identity will be gradually rolled out in other countries in the coming months.
Chris Townsend, Member of the Allianz SE Board of Management, expressed his enthusiasm for this transformative step, stating, “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.”
In addition to the new trading identity, Allianz Commercial is also adopting a new structure comprising 11 regions. This restructuring brings together the existing six regional units of AGCS with Allianz’s national Commercial businesses.
Each region will be led by one Commercial Managing Director, representing the integrated Allianz Commercial business to customers and distribution partners. This approach aims to provide a more consistent trading experience and a broader range of solutions, while reflecting market characteristics, broker and distribution practices, and geographic proximity.
Joachim Mueller, the CEO of Allianz Commercial, commented on the significance of the new regional set-up, saying, “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.”
The unified business will provide comprehensive insurance solutions for mid-sized businesses, large enterprises, and specialist risks.
Effective immediately, AGCS, a renowned global carrier, and Allianz’s commercial businesses in key markets such as Australia, France, Germany, and the UK will officially operate under the new trading name of Allianz Commercial. The shift to the unified identity will be gradually rolled out in other countries in the coming months.
Chris Townsend, Member of the Allianz SE Board of Management, expressed his enthusiasm for this transformative step, stating, “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.”
In addition to the new trading identity, Allianz Commercial is also adopting a new structure comprising 11 regions. This restructuring brings together the existing six regional units of AGCS with Allianz’s national Commercial businesses.
Each region will be led by one Commercial Managing Director, representing the integrated Allianz Commercial business to customers and distribution partners. This approach aims to provide a more consistent trading experience and a broader range of solutions, while reflecting market characteristics, broker and distribution practices, and geographic proximity.
Joachim Mueller, the CEO of Allianz Commercial, commented on the significance of the new regional set-up, saying, “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.”
