Allianz Legal Protection (ALP) has launched a new partnership with leading South West law firm Tozers Solicitors LLP. ALP will provideAfter the Event (ATE) insurance on a range of personal injury and clinical negligence case types to protect customers against the disbursement and adverse cost risks associated with litigation.
ALP’s Equity ATE insurance product will provide Tozers’ clients with financial protection against defendant costs and for any unrecovered disbursements incurred during the claim. This will include expert reports, counsel fees and court issue charges in the event that the case loses or is discontinued.
A key feature of the ATE arrangement is the damages based pricing structure which will help ensure that premiums remain proportionate. Full delegated authority is also provided. This will allow Tozers to quote and provide cover for clinical negligence and personal injury claims regardless of the damages value being claimed.
Allianz Legal Protection’s business development manager, Steve Rowley,commented: “Tozers are recognised experts for handling clinical negligence cases with a strong regional presence in the South West. This expertise was evident when we were discussing their needs for ATE insurance, and I’m delighted that ALP has been chosen as their preferred ATE insurer”.
Stuart Bramley, co-head of clinical negligence at Tozers LLP added: “The Clinical Negligence and Injury team at Tozers are very pleased to be working in partnership with Allianz, giving our client base the option of complete protection against defendant costs. We look forward to this arrangement benefitting our injured clients as we work to secure justice and redress for those harmed by medical accidents.”
Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz Group.
The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.