Allianz UK has elected Colm Holmes as the new CEO to succeed Jon Dye. After 8 years of leading, Jon Dye will be stepping down as CEO at the end of November 2021. Holmes, who currently serves as CEO of Aviva General Insurance, will take over the role.

Jon Dye joined Allianz in 2003 and became its CEO in 2013. During his tenure, he has overseen the acquisition of the general insurance businesses of Liverpool Victoria (LV=) and Legal and General (L&G). He declared: "I have thoroughly enjoyed my 18 years at Allianz. It has been a great privilege to lead such a fantastic business as part of such a successful team. I will be working with my colleagues over the next 6 months to ensure that Allianz is in the best possible shape for Colm to take on."

Chris Townsend, board member Allianz SE, said: "I would like to thank Jon for his leadership of Allianz Holdings since July 2013, in particular for working through our recent UK acquisitions and successfully navigating through the challenges of the pandemic. We look forward to Colm joining us to take our business forward and capitalizing on our strong market position".

Colm has held senior leadership positions in JP Morgan Chase, Zurich Financial Services, and most recently, Aviva, where he served as CFO and CEO. With his deep understanding of the UK P&C market, Colm will work towards strengthening Allianz's leading position in the UK.

This change is subject to regulatory approval.