Allianz UK CEO "content" to see broker motor book shrink
Jon Dye, CEO of Allianz UK, has stated that the company is in “very good shape”.
Delivering the company results for the first time since he took over the CEO role from Andrew Torrance, Dye described the report for the first half of 2013 as a “very good set of numbers”.
Within the retail division, Dye said the broker portfolio continued to grow.
However, he admitted that the broker motor account had “shrunk modestly”, with revenue falling from £85.3m in H1 2012 to £82.3m this year.
“We’re quite content to see that happen,” Dye claimed, adding that while other insurers had
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