Allianz Cornhill, one of the UK's largest general insurers and part of Germany's Allianz Group since 1986, has announced a number of developments for its business, including a change of its corporate name to Allianz Insurance plc.

The changeover is scheduled for April 30th 2007 and will apply to most of its business, including the commercial lines and personal lines products sold through the UK broker network.

Alllianz said that two parts of the company will keep their old name. The direct personal lines business will continue to operate under the Cornhill Direct brand and the Animal Health business, meanwhile, will remain under the Petplan brand.