Allianz said it launched a new dedicated in-house financial lines claims team covering mid-corporate and small and midsize enterprises businesses.
It has been created to ensure brokers and customers are seamlessly supported with Allianz directors & officers and professional indemnity propositions, the company said. This is in addition to Allianz’s financial lines claims for large-corporate and specialty segments.
Based in Allianz’s Milton Keynes branch, the new financial lines claims team will work hand in hand with underwriting teams to ensure there is an in-depth understanding of all angles of the customer’s business, enabling them to progress claims swiftly, the company said.
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, according to a company statement.
Legal support is enhanced by a complimentary collateral warranty review for professional indemnity customers within the construction, design or build sectors, the company said.
The dedicated financial lines team focus solely on Allianz’s D&O and PI propositions, increasing Allianz’s presence in the market by working closely with branch distribution teams and local brokers to enable trading, according to a company statement.
In February, Allianz’s chief executive officer said natural catastrophe losses hit the 2023 property/casualty profit for Allianz SE in 2023 but the group reported higher income in all of its segments, while watching rising economic, technology and geopolitical threats.