Allianz Commercial has announced June the 11th that it has secured a multi-year partnership with Lloyds Banking Group to provide insurance solutions to Lloyds TSB (LTSB) and Bank of Scotland’s (BOS) 850,000 small business customers.
Following a competitive tender, LTSB and BOS will now offer Allianz business insurance policies to new customers from November 1, 2009 and to existing customers at renewal.
Chris Hanks, general manager, Allianz Commercial, commented: “We are confident that our broad product portfolio, innovative solutions and value-added offerings provide a market-leading small business proposition. Despite strong competition, our tender was successful as we were able to respond to the needs of the client.”
Chris added: “Our position of financial strength, allied to our commitment to service, makes us a partner to do business with and we are delighted that LTSB has chosen to work with us.”
Phil Loney, managing director, General Insurance, Lloyds Banking Group, said: “We are delighted to announce that we have selected Allianz to be our chosen provider of small business insurance. With our combined industry and customer expertise, we believe that this will provide us a great opportunity to build on our strong market share and offer the very best policy to customers.”Phil added: “In these uncertain economic times, insurance has never been more important. This new partnership ensures that we are able to offer our 850,000 small business customers the option of flexible protection, designed to suit their individual needs.”