Dye will leave the insurer in November after an 18-year tenure

Aviva’s chief executive of general insurance Colm Holmes is set to join rival insurer Allianz Holdings, as current chief executive Jon Dye announces he will be stepping down at the end of November 2021.

Dye initially joined Allianz in 2003 and became its chief executive in 2013.

During his tenure, he oversaw the acquisition of Liverpool Victoria’s (LV=) general insurance business as well as the purchase of Legal and General (L&G).

Chris Townsend, board member at Allianz SE, said: “I would like to thank Jon for his leadership of Allianz Holdings since July 2013, in particular for working through our recent UK acquisitions and successfully navigating through the challenges of the pandemic.

“We look forward to Colm joining us to take our business forward and capitalising on our strong market position”.

Dye added: “I have thoroughly enjoyed my 18 years at Allianz. It has been a great privilege to lead such a fantastic business as part of such a successful team.

“I will be working with my colleagues over the next six months to ensure that Allianz is in the best possible shape for Colm to take on.”

Holmes will join Allianz from Aviva, where he has worked as chief financial officer and chief executive. He has also previously worked at JP Morgan Chase and Zurich Financial Services.

In his new position, he will work towards strengthening Allianz’s position in the UK. The appointment is subject to regulatory approval.

Aviva has confirmed that Adam Winslow will be replacing Holmes.