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Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance

Allianz announces restructure, Hosking departs

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Allianz Australia has introduced a new operating model to sharpen its focus on three key customer segments and announced the departure of Chief GM Broker and Agency David Hosking amid a number of changes.

The Allianz structure, effective from the start of this month, creates Consumer, Commercial and Workers' Compensation divisions.

The Commercial Division will focus exclusively on the SME and mid-corp market, including all specialist areas, such as underwriting agencies and Hunter Premium Funding.

Allianz says, given the reconfigured commercial role, Mr Hosking decided to depart the insurer at the end of last year. An internal and external search is under way to appoint a division head.

“I would personally like to recognise David’s extensive contributions as a leader in Allianz over the last 13 years,” MD Richard Feledy said. “Firstly, as CFO and over the last six years as Chief GM Broker and Agency, where he has achieved outstanding results.”

Glen Drinnan, who has led broker distribution, will be acting in the position of Chief GM Commercial Division while the executive search is concluded.

The Consumer Division is being led by Michael Winter, who has been leading Retail Distribution, while Chief Market Manager Nicholas Adams has left Allianz after three years with the group.

Allianz has also announced the appointment of Jodi Fullarton-Healey as General Counsel and Chief General Manager Corporate Governance from April 1. Helen Silver, currently Chief GM Corporate Governance and Conduct, will move into the newly created role of Deputy MD.

Ms Fullarton-Healey has 30 years’ experience in the legal sector and expertise in financial services in Australia and internationally. For the past 12 years she has worked at ANZ Bank in general counsel roles for institution banking.