Market shocked at Torrance departure

torrance-andrew-new-2013

Brokers welcome Jon Dye as incoming Allianz CEO after Andrew Torrance’s unexpected decision

Allianz delivered quite the surprise to the market last month with the news that UK CEO Andrew Torrance is to leave the country.

He is departing to take up the CEO role at Allianz-owned Fireman’s Fund Insurance Company in California. Jon Dye, currently general manager of the Allianz UK retail division, will step into his shoes. The changes will take place once the necessary regulatory permissions are received.

The announcement that Torrance was to leave came shortly after Chris Hanks stood down

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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