Specialist managing general agent Avid Insurance has chosen Allianz Partners UK as its new capacity provider following discussions with potential partners.
“This is an exciting new partnership for Avid, bringing together the strength of Avid’s scheme management, reporting and analytics capabilities, and distribution partnerships with Allianz Partners UK’s commitment to expand their presence within the travel insurance market,” said Avid Insurance personal lines head Dan Baldwin in an emailed release.
“After discussions with a number of potential capacity partners, Allianz quickly emerged as our partner of choice due to their experience in the travel market, financial strength, and appetite to work with us for the long-term.”
The partnership will see Allianz Partners UK underwrite travel policies sold by Avid Insurance.
“Providing the underwriting capacity for Avid’s travel schemes is an exciting and significant opportunity for us to broaden our distribution in a key part of the travel insurance market,” noted Marcus Latchford, chief sales and distribution officer for Allianz Partners UK and Ireland.
“As travel has opened up following the relaxation of COVID-19 restrictions, we’ve experienced unprecedented demand for our products and services and are continuing to build our share of the travel insurance market on the back of this.
“Our strong underwriting and technical capabilities give us a great platform to expand our coverage further into the broker and MGA channels, and our new partnership with Avid is another key step in this journey.”
According to Baldwin, multiple schemes are currently live, with more to be rolled out later this year.
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