Allianz Holdings has today revealed that Simon McGinn (pictured) will be stepping down from his role as CEO of Allianz Commercial as of July 1. The news follows last week’s announcement that Allianz Personal CEO Steve Treloar and Allianz UK CFO Fernley Dyson will be stepping away from their respective roles to take on new opportunities.
In a Press release, Allianz Holdings noted that McGinn joined the business as a trading director in 2004 before taking on the role of director, commercial broker markets. In 2013 he was selected to join the UK management board as general manager for commercial, where he led the business through a revision of its strategy driving modernisation, profitability and a growth culture.
In May 2016, McGinn was appointed general manager for commercial and personal businesses before becoming CEO of Allianz Commercial following a restructure in 2021.
Commenting on the news, Colm Holmes, Allianz Holdings CEO said: “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 also commented on his decision to step down and said he was hugely proud of all the company had achieved and to have been part of building a “great business” across both commercial and personal lines.
“It’s been wonderful to work with such fantastic people,” he said, “and I wish Colm, Nadia and all the team the very best as Allianz continues its transformation journey.”
Nadia Côté’s appointment as commercial managing director UK was announced in March as part of a new globally-integrated move to align Allianz Global Corporate & Specialty (AGCS) UK and Allianz Holding’s UK commercial business under one strategy.
What are your thoughts on this story? Feel free to share them in the comment box below.