Allianz Holdings has appointed Laurence Townley as Chief Actuary, effective immediately.
Townley joins Allianz following 10 years of service at Direct Line as director of financial risk.
Prior to joining Direct Line, Townley served in various roles at Zurich Insurance UK including Chief Actuary.
In addition, he is a Fellow of the Institute and Faculty of Actuaries and has chaired the prudential regulation committee at the Association of British Insurers (ABI) overseeing matters such as Solvency 2 and regulatory framework reviews.
“As ever, and more so in these challenging times, it’s crucial for businesses to have clear leadership and ambitious targets and I have no doubt the expertise and experience Laurence is bringing to Allianz will aid our future success. I’d like to extend a warm welcome and I look forward to working with him,” said Fernley Dyson, Allianz Holdings Chief Financial Officer.
Meanwhile, in late December 2022, Allianz Global Corporate & Specialty (AGCS) installed an established, dedicated in-house organisation for Environmental, Social & Governance (ESG) activities.
