Allianz Worldwide Partners UK has appointed Neil Travell (pictured) as head of legal & compliance to address issues including Britain’s departure from the European Union.
Travell has extensive knowledge of the insurance market, as well as more than a decade of expertise in the area of legal & compliance. He served as legal & compliance manager at Euler Hermes UK, another Allianz Group firm, before joining Allianz Worldwide Partners.
The key hire also worked for the Qatar Financial Centre Authority as companies registration office manager and senior legal counsel for more than seven years.
“In the short term, I will be tackling challenges such as Brexit as well as implementing the new GDPR, IDD, and SIMR requirements. Brexit is particularly challenging; we are the sole intermediary in the UK for the French insurer AWP P&C SA (another member of the Allianz family) which currently passports in,” noted Travell.
He continued: “We don’t know what will happen post-Brexit and we need to find a solution that will work. We are looking into the available options with Allianz plc and the PRA.”
Serge Corel, CEO UK and Ireland at Allianz Worldwide Partners UK, commented: “Neil has demonstrated expertise and in-depth knowledge of the legal aspects within financial services, insurance, and commercial transactions both in the UK and further afield, making him the ideal person to lead the legal & compliance team.”
For the chief executive, Travell’s deep understanding of international law and compliance will be essential to strengthening the business through strategic expansion and development.
Travell said: “I aim to ensure the team assists in offering a first-rate service to both our internal clients and customers in supporting growth in the UK and Ireland while ensuring that we remain compliant with our legal and regulatory obligations.”
Related stories:
New data protection laws to have “considerable impact” on insurance industry
British insurers warn of Brexit legal issues
