QBE chief underwriter departs for Allianz

Phuong Ly
PHUONG LY
Allianz Australia Limited - Chief General Manager, Commercial
DEPARTURE
QBE INSURANCE GROUP LIMITED
Date: October 2021
Position: Chief Underwriting Officer, AUSPAC
APPOINTMENT
ALLIANZ AUSTRALIA LIMITED
Date: October 2021
Position: Chief General Manager, Commercial

Phuong Ly will depart QBE later this year to become the first chief general manager for Allianz' newly-created commercial division.

The new group will focus on small-to-medium enterprises and mid-corp markets including Allians' specialist areas like underwriting agencies.

Ly spent the last year as the chief underwriting officer for QBE Insurance's Australia and previously held executive leadership roles with IAG and CGU Insurance.

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."

Said Ly, "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."