Simon McGinn to step down as Allianz Commercial CEO

Authored by Allianz

Allianz Holdings has announced that Simon McGinn, CEO of Allianz Commercial is stepping down effective July 1st.

Simon joined Allianz in 2004 as a trading director before moving into the role of director, commercial broker markets. In 2013 he was appointed to the UK management board as general manager for Commercial and led the business through a revision of its strategy driving modernisation, profitability and a growth culture. In May 2016, he was appointed to the role of General Manager for Commercial and Personal businesses with responsibility for all of Allianz UK’s market strategy and trading business operations. Following a restructure in 2021 he was appointed 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.”

Simon 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.”

The appointment of Nadia Côté as Commercial managing director UK, was announced in March as part of a new Globally integrated approach bringing together Allianz Global Corporate & Specialty (AGCS) UK, which focuses on large clients, and Allianz Holding’s UK commercial business under one strategy and approach.