Allianz announces changes to executive leadership team

Allianz Holdings has announced (24 May 2023) that Steve Treloar (pictured), CEO for Allianz Personal, and Fernley Dyson, chief financial officer, are stepping down from their respective roles to pursue new opportunities.

Steve joined LV= as Managing Director in May 2016. Prior to this, he was managing director of Personal Lines at Aviva and held a number of other senior roles at Aviva and RBS Insurance.

He became CEO of LV= General Insurance in December 2017 and successfully led the joint venture with Allianz, right through to full Allianz ownership - including the acquisition of Legal & General’s general Insurance business at the end of 2019. In 2021, Steve was appointed CEO, Allianz Personal, which saw the Allianz UK personal brands all come together into one operating entity.

Steve will remain at the company until 30 June 2023 and the process to appoint a successor is currently underway.

Fernley Dyson, chief financial officer for Allianz UK, has also decided to step down and his last day will be 30th May. Fernley joined Allianz UK in January 2019 having been CFO at Ageas and holding a number of senior roles at Aviva prior to this. He will be succeeded by Ulf Lange*, currently head of business division for Global Lines and Anglo Markets, Allianz SE, who will join the business as chief financial officer on 30th May. Ulf joined Allianz in 2008 and has contributed a significant amount to the Allianz Group during his time with the company. Before his recent position in Global Lines and Anglo Markets, he was also CFO of Allianz Partners.

Commenting on the news, Colm Holmes, CEO of Allianz Holdings, said: “During a period of determined headwinds and exciting changes, Steve has played a crucial role in the success of our business. I would like to thank him for his significant contribution that has earned us the recognition of being one of the leading personal lines insurers in the UK. Whilst a successor has not yet been appointed, I am thankful that Steve has agreed to work with the Allianz Personal senior leadership team to ensure a smooth transition.

“I’d also like to thank Fernley for the contribution he has made to our business over the last four years. He has played a key role in building our business and leading Finance functions through the acquisitions of LV= general insurance and L&G general insurance. I wish him well for the future.

“I have no doubt the expertise and experience Ulf is bringing to Allianz will aid our future success. I’d like to extend a warm welcome to him and I look forward to working together.”

Steve Treloar added: “It has been an absolute privilege to work alongside such a talented, dedicated, and passionate team. I am immensely proud of all that we have achieved over the last seven years. Having completed the integration of the L&G General Insurance business, now is the right moment to pass on the baton.”

Fernley Dyson commented: “I am privileged to have been part of an amazing team, building this fantastic business over the last four years. It’s now time for me to move on and wish all of my friends and colleagues at Allianz the very best for the future.”

*Ulf Lange’s appointment is subject to regulatory approval.

Authored by Allianz