Aqueous Underwriting has confirmed Allianz pulling again capability on SME package deal, because it revealed a three-year cope with A+ rated insurers Allied World and Sompo.
Solely final yr Aqueous signed a three-year capability cope with the insurer to push on SME enterprise.
Aqueous claimed Allianz’s pull again adopted a “mutual settlement reflecting differing strategic goals”.
The managing common agent continues to accomplice with Allianz on different product strains.
Aqueous will transition from Allianz to the brand new capability suppliers over the rest of 2024.
Fast
With instant impact, the syndicated binder settlement with Allied World and Sompo is energetic for all SME
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