Phuong Ly to lead Allianz Commercial in Australia

Allianz today announced Phuong Ly has been appointed Chief General Manager, Allianz Commercial, Australia effective immediately. In this new role, he will be leading the new integrated approach of Allianz SE in the commercial insurance business bringing together Allianz Global Corporate & Specialty (AGCS) Australia, which focuses on large clients, and Allianz Australia Commercial division operations serving mid-sized country-based accounts under one strategy and approach.

Allianz Commercial will feature a single commercial lead in each country or region to represent the business for both mid-sized and large businesses with one face to the market, simplifying the experience of clients and distribution partners. In this new role, Phuong will report to Richard Feledy, Managing Director of Allianz Australia, in conjunction with AGCS CEO Joachim Mueller and will lead the new integrated approach between AGCS’ and Allianz Australia’s underwriting and distribution teams in the commercial insurance segment. 

Phuong joined Allianz Australia as Chief General Manager of the Commercial Division in October 2021. In this role Phuong is responsible for the development and execution of the Division's strategic plans, with the primary purpose of meeting the needs of Commercial customers via Brokers, Underwriting Agencies and Hunter Premium Funding. Phuong has 20 years of experience in the Insurance Industry and has held executive roles across Distribution and Underwriting. 

AGCS CEO Joachim Mueller comments: “Phuong will play a key role going forward to bring Allianz Commercial to life in Australia. The powerful, integrated approach in a global model combined with strong local execution and delivery will help us to unleash our full potential in targeting new business opportunities and providing new solutions and a wider offering to our customers across the full commercial segment.”

Allianz Australia Managing Director, Richard Feledy said: “First and foremost, Allianz Commercial is about our customers and brokers – we want to make it as easy as possible for them to engage with us. Serving large and mid-sized businesses from the one, global division – Allianz Commercial – provides a clear and easy path for brokers. Allianz Commercial also offers benefits including new career pathways for employees, the sharing of expertise from different parts of the world, and the ability to capitalize on the efficiencies that global scale and capability brings.”

The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 683 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

* Including non-consolidated entities with Allianz customers. 
** As of Dec 31, 2022

Allianz Australia has been securing the future of our customers in Australia since 1914. We deliver a wide range of personal, commercial, and corporate insurance products and services to more than 3 million policyholders. We also provide support for workers compensation insurance to around 25 per cent of the top 200 ASX companies, making us one of the leading workers compensation insurers in Australia.

Allianz Australia Limited is a wholly owned subsidiary of the worldwide Allianz Group. The Allianz Group is one of the world's leading insurers and asset managers with corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life, and health insurance to assistance services, credit insurance and global business insurance. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index.