Allianz committed to "under-performing" commercial property business
UK CEO Jon Dye comments on the insurer's financial results for 2019 and discusses broker support and acquisitions.
Allianz UK chief executive officer, Jon Dye, has described 2019 as “difficult”, after the provider reported dips in both operating profit and GWP for the year.
Dye commented that there were a large number of factors behind the insurer’s operating profit falling by just over a third, adding: “The one I’d be most concerned about is what is happening in the commercial property account where we can see fire, theft and escape of water losses ticking up.”
He added that Allianz had taken action on
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