Allianz Commercial Launches In Global Property & Casualty Markets
Today marks a milestone as Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance business of local Allianz Property & Casualty (P&C) entities began to trade as “Allianz Commercial” as one go-to-market business offering insurance solutions for mid-sized businesses, large enterprises and specialist risks.
A statement today by the global brand stated that 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.
In his comment, Chris Townsend, Member of the Allianz SE Board of Management, said: “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.
Commenting on the development, Allianz Commercial CEO Joachim Mueller said: “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.
Allianz Commercial regional set up
| 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.
About Allianz Commercial
Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy.
We also cover unique risks such as offshore wind parks, infrastructure projects or Hollywood film productions. Powered by the employees, financial strength, and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust on us for providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.
Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either though our own teams or the Allianz Group network and partners. In 2022, the integrated business of Allianz Commercial generated more than €19 billion gross premium globally
