Allianz Commercial announces new collaboration with ProMarine
Allianz Commercial and ProMarine UW Ltd (ProMarine) have announced a new multi-product strategic underwriting and claims delegated authority agreement, with immediate effect.
ProMarine, a specialised Managing General Agent, and subsidiary of Canopy Specialty International Ltd, will underwrite and handle claims on behalf of Allianz Commercial, one of the largest marine insurers in the world.
The long-term collaboration targets the smaller commercial marine industry and vessel risks in the UK, Ireland and the continent of Europe. The agreement has a 10 million GBP capacity and covers multiple Marine and Liability products, including Marine Hull, Protection and Indemnity, General Liability and Employer’s Liability.
Commenting on the agreement, Tom Argentieri (pictured), Head of Hull for Allianz Commercial in the UK region, said: “We are delighted to have entered into this agreement with ProMarine. Both marine and liability are key strategic business lines for Allianz Commercial and this transaction demonstrates our continued commitment to providing market-leading solutions for customers in these dynamic areas of risk. This will further strengthen our diversified and sustainable book of business and consolidates our expertise with a wider customer base. The teams are very much looking forward to working with their ProMarine colleagues on this strategic collaboration.”
Lena Weaire, CEO of ProMarine, added: “ProMarine’s ability to offer both physical damage and liability products provides a winning seamless service to direct clients and producing brokers whilst at the same time offering insurers an exceptional level of non-cat diversity within their book. It is great to be working with Allianz Commercial, a company with a rich history as a market leader in the Marine and Liabilities market. It demonstrates our commitment to successful long-term partnerships in the market and our drive to deliver holistic solutions to customers.”
Authored by Allianz
About Allianz
Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz Group, a leading integrated financial services provider and the largest property and casualty insurer in the world.
The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that our clients recommend, being a great company to work for and achieving the best combination of profit and growth. We aim to achieve this by putting the customer at the heart of everything we do.
Allianz is able to offer customers a wide range of products and services including home and motor and commercial insurance with full range of products and service for sole traders' right up to large commercial organisations.
Allianz Insurance employs over 4,500 people across a network of 20 offices in the UK and the company’s Head Office is situated in Guildford, Surrey. Our heritage and financial strength help make Allianz what it is today; a safe and trusted partner. Over 40 FTSE100 companies partner with Allianz. youTalk-insurance sharing Allianz Insurance news and video