Market shocked at Torrance departure


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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