Allianz Cornhill Commercial, a UK subsidiary of global insurer Allianz, has entered into an agreement for a five-year partnership with Higos Insurance Services, to provide commercial package solutions for the independent broker's SME book of business.
The collaboration is expected to generate GBP5 million in gross written premiums in the first year. The agreement follows a successful 16-month exclusive deal with Higos for the provision of Property Owners insurance solutions.
As a result of the partnership, Allianz Cornhill Commercial will now underwrite further risks within its complete product range, including office, retail and small commercial.
We are extremely pleased to be continuing our successful relationship with Allianz Cornhill which acknowledges Higos as a leading broker in the industry, commented Ian Gosden, managing director at Higos Insurance Services. This development will assist our growth strategy and ensures we are able to provide our clients with the best possible service.