Allianz issues leadership update as Cote departs

Allianz has made two moves in its leadership team due to Nadie Cote leaving the business.

Yesterday (21 November 2024), it was announced that Cote would be leaving her role as managing director for the UK commercial business to join RSA.

Allianz said that the search for a permanent successor was underway to “maintain momentum and focus on our integrated commercial model”.

While a recruitment process is carried out, Nick Hobbs, the insurer’s chief distribution officer, has assumed day-to-day responsibilities for Allianz Commercial UK on an interim basis.

And Luke Baker, UK head of liability, will carry out the Allianz Global Corporate and Specialty (AGCS) UK elements of Cote’s former role on a temporary basis.

RSA move

Cote will be joining RSA as the chief executive of its Luxembourg arm.

In her new role, Cote will lead the RSA team in Luxembourg and have management responsibility for the firm’s UK specialty lines business.

Michael Miller, chief executive of global specialty lines at Intact, which owns RSA, said: “Cote is a well-known industry leader and we are pleased to have her lead our Europe and UK specialty lines groups.

“She brings established and long-standing relationships with key trading partners whereby we can create regional and global opportunities for customers and continued growth.

“She will lead our teams and continue to expand our solutions and capabilities, highlight our expertise in underwriting, risk control and claims, while outperforming on profitability in the UK and Europe.”