Editor’s letter - July 2013


So we bid farewell to Andrew Torrance. After 41 consecutive quarters of profit as CEO at Allianz UK he is heading to the USA.

You’ll have to humour me with this but I’m going to compare every quarter to a football match. Let’s call a profit a win, breaking even a draw and a loss is, well, a loss. When you consider Mr Torrance was only made CEO in 2003 it makes you realise how good his track record is. Especially given that Sir Alex Ferguson had a win ratio of just under 60% during his time at

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