Affinity insurance specialist Hood Group has signed a deal with
Allianz Worldwide Partners (AWP) as part of a new travel insurance proposition for Legal & General, it was revealed today.
The new offering was developed by Hood Group, which then signed a partnership deal bringing AWP and its underwriting arm on board.
“As an A-rated carrier, [AWP’s] underwriting arm AWP P&C SA offers tremendous financial stability, but more importantly they have proved themselves to be able to adapt to changing market conditions. We’re pleased that this new partnership will continue to build upon and strengthen our relationship with them,” Hood Group’s commercial director, Bruce Reid, said in a statement.
The deal was secured based on AWP’s competitive long-term pricing strategy, along with its status as a global player in the travel market, Hood Group said.
Lee Taylor, chief sales officer for North & CEE for AWP, said the deal was the result of an “already strong relationship” with Hood Group, adding that AWP is continuing to nurture the company by “delivering quality insurance solutions that meet today’s market demands.”
“As a well-respected brand in the financial retail sector, Legal & General is a great addition to our travel portfolio. We look forward to working closely with them and Hood Group to maximize the potential that the brand has across multiple distribution channels, as well as harnessing the Legal & General reputation as a strong and reliable brand,” Taylor went on to say.
The CEO of Legal & General’s general insurance business, Cheryl Agius, added: “We’re committed to helping to make our customers’ lives as easy as possible. We are delighted to be working with Allianz Worldwide Partners as their range of products makes them a perfect fit for our travel insurance offering. We look forward to continuing to grow and offer a broad and competitive range of travel insurance products across all of our distribution channels.”
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