Allianz Holdings has announced that Simon McGinn, CEO of Allianz Commercial will be stepping down from his position, effective July 1, 2023.
McGinn joined the company in 2004 as trading director, before later going on to take on the role of director, commercial broker markets.
Fast forward to 2013, he was then appointed to the UK management board as general manger for Commercial and would go on to lead the business through a revision of its strategy driving modernisation, profitability and a growth culture.
In 2016, he was then appointed to the role of general manager for Commercial and Personal businesses. Within this role he would take on responsibility for all of Allianz UK’s market strategy and trading business operations.
Following a restructure in 2021 he was then appointed to the role of CEO of Allianz Commercial.
Colm Holmes, Allianz Holdings CEO, commented: “Not only has Simon a long history of driving success in our business he’s also been at the helm for milestones including Brexit, our joint venture with LV= and of course Covid-19. He leaves a substantial legacy and I’d like to thank him for his enormous contribution to Allianz UK.”
McGinn, added: “We have built a great business across both Commercial and Personal lines and I’m hugely proud of all we’ve achieved. It’s been wonderful to work with such fantastic people and I wish Colm, Nadia and all the team the very best as Allianz continues its transformation journey.”
Moreover, Allianz Commercial’s appointment of Nadia Côté as Commercial managing director UK, was announced in March as part of a new Globally integrated approach which brings together Allianz Global Corporate & Specialty (AGCS) UK, which focuses on large clients, and Allianz Holding’s UK commercial business under one strategy and approach.
