Two senior managers leave Allianz
by Kay Murchie
Two senior managers have departed from Allianz after the group’s restructuring of its personal lines and specialty divisions.
Gareth Jones, formerly specialty lines division general manager and Nick Hall, until recently personal lines general manager have left from the company. The two departments have now merged and are being run by Jon Dye, former claims director.
The group’s chief executive, Andrew Torrance, said the departures were due to management changes but did reveal whether or not the two managers had chosen to leave the company or had been asked to leave.
Mr Torrance concluded by saying there would be no further job losses following the recent restructuring.
Allianz is a large financial service provider with its headquarters in Munich. The group’s main focus is on the insurance business. With €100 billion of revenue during 2004, Allianz is by far the biggest insurance company in Germany and one of the largest in the world.
Finally, the company is also the main sponsor of the Swiss Open tennis tournament.
Discuss this in the Finance Markets forums
Story link: Two senior managers leave Allianz
Add to Bookmarks:
Related financial stories to: Two senior managers leave Allianz
- Allianz consolidation places 37 jobs in danger
- OFT investigates Scottish property managers
- RAB loses another senior exec
- Lower endowment bonuses leave mortgagers unredeemed
- 50% of lenders leave SVRs untouched by base rate cuts
- Falling house prices leave home improvers out of pocket
- Oakwood joins Edeus in paying borrowers to leave
- Gains on Friday leave London markets short on week
- Foreign investors leave Tokyo markets
- Insurer of the year - Legal & General
Previous: « Problems with US credit markets spreading to wider economy warns HSBC
Next: Years of debt for Northern Rock »
Visited 1103 times, 2 so far today
