Allianz CEO outlines strategy to manage expenses
Despite volumes remaining fairly stable in 2025, Allianz UK CEO Colm Holmes has outlined how the insurer managed to increase profitability by 30%, including the 650 redundancies it made last year.
For Allianz UK, volume actually decreased slightly (0.3%) from £4.66bn to £4.64bn.
However, Holmes said there was growth in certain places.
Speaking to Post, he explained: “Our Allianz branded business
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on News
Allianz UK CEO anticipates ‘difficult trading year’ ahead
Despite almost a 30% increase in operating profits, Allianz UK CEO Colm Holmes believes 2026 is going to be a “difficult trading year”.
Aviva’s Washington out as Probitas CEO
Aviva’s MD of global corporate and specialty at Aviva, and CEO of Probitas, Matt Washington is leaving the business to “pursue opportunities outside of Aviva”.
Threat actors showing dramatic shift in cyber-attack executions
Data has indicated a dramatic shift in how threat actors are executing prolonged attacks on organisations.
Ageas Group sees continued growth following Esure and Saga deals
Ageas Group has recorded a 9% growth in revenue, as well as a 33% increase in operating profit thanks to “transformative M&A”.
Hiscox delivers record profit and plots next phase
Hiscox has delivered its third consecutive year of record profits and set out ambitions for further acceleration through to 2028.
Stanford replaces Thaker as Sompo UK CEO
Aspen UK CEO Sarah Stanford will lead all of Sompo UK’s property and casualty insurance operations, replacing outgoing CEO Bob Thaker.
Caravan Guard founder Peter Wilby passes away
Peter Wilby, founder and chairman of caravan insurance firm Caravan Guard, has passed away at age 78, his family has announced.
Aviva appoints Chris Cochrane as group CIO
Aviva has appointed Chris Cochrane as group chief information officer with effect from summer 2026, replacing the retiring John Cummings.