Press release -
Allianz creates new in-house Financial Lines claims team to benefit mid-corp and SME brokers and customers
A new dedicated in-house Financial Lines claims team covering mid-corp and SME businesses, has been created to ensure that brokers and customers are seamlessly supported with Allianz Directors & Officers and Professional Indemnity propositions. This is in addition to Allianz’s existing expertise in handling Financial Lines claims for large-corp and specialty segments.
Based in Allianz’s Milton Keynes branch, the new financial lines claims team work hand in hand with underwriting teams to ensure that there is an in-depth understanding of all angles of the customer’s business, enabling them to progress claims swiftly.
For more complex matters that require legal support Allianz’s specialist solicitors, Clyde & Co, who have global knowledge and experience, are on hand to guide mid-corp and SME brokers and customers through each step of their claim where needed.
Legal support is enhanced by a complimentary collateral warranty review for Professional Indemnity customers within the construction, design or build sectors.
Mark Merrix, head of casualty claims, Allianz Commercial, said: “Developing our mid-corp and SME Financial Lines claims team ensures that we can deliver the best possible service to both our brokers and customers, ensuring that they are supported every step of the way - from their product requirements through to claims processing and legal advice if needed.”
The dedicated Financial Lines team focus solely on Allianz’s Directors & Officers and Professional Indemnity propositions, increasing Allianz’s presence in the market by working closely with branch distribution teams and local brokers to enable slick and simple trading.
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About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance
About Allianz
**As of March 31, 2023
***As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
No duty to update
The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
