Allianz Trade, the world’s leading trade credit insurer, has appointed Peter Evola as Commercial Director for the UK & Ireland with effect from 1 December, subject to regulatory process.

Peter joined Allianz Trade 12 years ago and has worked for the UK and Ireland, Northern Europe Region, and at group head office in Paris. He has gained promotion to roles with increasing responsibility and scope, including Senior Commercial Underwriter, Head of Group Commercial Office, Northern Europe Regional, Head of Commercial Underwriting and, most recently, as UK Head of Broker Distribution.

In his new role, Peter will be concentrating on leading the team to drive profitable growth and offer a valuable contribution as a member of the UK and Ireland management team. He will report to CEO Sarah Murrow and is based in the Canary Wharf London office. Peter succeeds Steve Stennett, who is leaving Allianz Trade.

Sarah Murrow, CEO at Allianz Trade UK and Ireland, said: “Peter's understanding of the market, the needs of our brokers and clients, our business and services and solutions we offer is invaluable and make him the perfect candidate for this role.”

About Allianz Trade

We predict trade and credit risk today, so companies can have confidence in tomorrow.

Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network analyses daily changes in +80 million corporates solvency. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in 52 countries with 5,500 employees. In 2022, our consolidated turnover was € 3.3 billion and insured global business transactions represented € 1,057 billion in exposure.