Hanks confirms Allianz retirement date

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As exclusively revealed by Insurance Age, Mr Hanks will be replaced in the role by the insurer's director for commercial broker markets, Simon McGinn. He will take up the role on 1 July and will also join the Allianz UK management board.

Mr Hanks commented: "I have had a fantastic career in the general insurance industry spanning more than 45 years and I could not have worked for a better company than Allianz.

"I am tremendously proud of our achievements in Allianz and the commercial business

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