Press release -
Allianz Legal Protection strikes motor deal with Lawshield
Lawshield UK has chosen Allianz Legal Protection (ALP) to underwrite motor Legal Expenses Insurance (LEI) products.
Part of The Connexus Group, Lawshield UK is a specialist ancillary product provider.
The new partnership will see ALP underwrite LEI for a range of personal lines and motor fleet products.
Steve Rowley, sales and distribution manager at ALP, commented: “We’re delighted to be working with Lawshield, whose expertise in the provision of motor claims handling services is recognised across the insurance sector. The nature of their business partnerships shows how trusted they are to provide high-quality products and claims services.”
Steve added: “At ALP we have a proven track record in providing underwriting capacity for motor LEI solutions to ensure that customers receive a seamless journey following a road accident, and where the LEI policy needs to be called upon, legal representation is provided where needed.”
Ken Specter, managing director at Lawshield UK, added: “We are excited at the opportunity to work with Allianz whose commitment to swift decision making, and service excellence in underwriting will help us develop products and schemes for our existing and prospective partners.
“We believe the Allianz passion for good customer service reflects our own ethos and look forward to progressing our partnership.”
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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
The Allianz Group is one of the world's leading insurers and asset managers with 126 million* private and corporate customers in more than 70 countries. 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 around 716 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage nearly 1.8 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 140,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group.
These assessments are, as always, subject to the disclaimer provided below.
*Including non-consolidated entities with Allianz customers.
** As of June 30, 2022
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.
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