Allianz Australia is pleased to announce the appointment of Phuong Ly as Chief General Manager, Commercial, from October 2021. In this role, Phuong will lead Allianz’s newly created Commercial Division which focuses on small to medium enterprises, mid-corp markets and also includes Allianz’s specialist areas such as Underwriting Agencies and Hunter Premium Funding.
Phuong brings to Allianz extensive industry knowledge, with almost 20 years’ experience in the insurance sector, gained across a number of insurance providers in Australia. Phuong joins Allianz from QBE, where he was Chief Underwriting Officer. Prior to that, Phuong held executive leadership roles in the commercial and broker and agency areas within IAG, including most recently as Executive General Manager, Business Distribution. Phuong has also previously held leadership positions at CGU Insurance.
Commenting on Phuong’s appointment, Allianz Australia, Managing Director, Richard Feledy said: “As well as having delivered outstanding commercial results, Phuong is known to be a strategic thinker and engaging leader. Having worked in insurance his whole career, including in underwriting and claims, Phuong clearly understands the customer perspective and frontline challenges. Most importantly, Phuong has a transformative mindset and focus on mentoring teams. These elements combined make Phuong the ideal choice to lead and execute on the strategic direction of our new Commercial Division. We are delighted to welcome Phuong to Allianz and our Australian Senior Leadership Team.”
In response, Phuong said: “I am thrilled to be joining Allianz Australia at this exciting time of massive transformation. Allianz has navigated the industry’s ongoing regulatory shifts with agility, and rapidly evolved to meet partners’ and subsequently customers’ needs. I look forward to working with a high-performing team to build on the already-strong relationships and offerings across partner channels; as well identifying opportunities to positively contribute to the insurance industry in this time of change.”
The Commercial Division within Allianz was created in December 2020 as part of a larger organisational realignment around core customer segments.