Allianz Commercial has announced that it has appointed David Carey to the newly created position of managing director, mid-market, effective from April 2023, subject to regulatory approval.
Within this role, he will hold responsibility for leading Allianz Commercial’s regional trading teams, as well as focusing delivery on key customer segments and driving profitable growth.
He will report to Simon McGinn – CEO of Allianz Commercial.
In a press release, Allianz highlighted that this reorganisation is part of a wider, multi-year strategy, with the company investing heavily in both simplifying and harmonising its business model to enhance broker and customer satisfaction.
Carey joins Allianz from Aviva where he currently serves as director mid-market & regional speciality lines – UK Commercial, with P&L accountability for their mid-market business.
Prior to that role, Carey held the position of head of mid-market at Aviva as well as leading roles in Commercial, Mid- Corporate and Real Estate insurance at Zurich.
Additionally, as managing director, mid-market, Carey will be building on the exceptional deliveries from the regional trading teams over the last 12 months under the leadership of Nick Hobbs.
Moreover, Allianz has also announced that Hobbs will be taking on the role of chief distribution officer, with responsibility for all aspects of distribution for Allianz Commercial, as the company brings new products and services to market as part of its transformation strategy focus on the customer.
At the same time, Jason Howes has been promoted to the role of director of business transformation for Allianz Commercial, where he will be responsible for overseeing the company’s ambitious transformation activities.
CEO of Allianz Commercial, Simon McGinn, commented: “The appointments I’m announcing today should leave people in no doubt as to Allianz Commercial’s strategic ambition. We have the right people and the right programme of change in place to establish Allianz as a clear leader in the Commercial market.
“I’m delighted to welcome David to his new position. He is vastly experienced and well-respected in the commercial insurance market and adds to the great strength in depth we already have in our trading teams. The creation of this new role underlines Allianz’s investment in our mid-market and distribution capabilities – which includes a major systems transformation programme – and specifically our commitment to delivering intelligent growth and the best possible solutions for brokers.”
“I’m very excited to be joining Allianz at this time and to be given the opportunity to play my part in the transformation of its Commercial business. The market faces a number of challenges but also opportunities and I believe Allianz is ideally positioned to work with brokers to address these and achieve profitable growth,” added Carey.
