Aon and Allianz launch insolvency protection policy
Aon Risk Services has joined forces with Allianz Global Corporate and Speciality to launch Double A Protect.
The new product is aimed at restoring confidence in insurance portfolio stability by protecting against insolvency.
The policy covers general liability, plus directors and officers and includes up to five years of retroactive cover for general liability.
The solution is not available to financial institutions but is otherwise accessible by all non US-headquartered companies, across all industry sectors, with cover offered on a claims-made basis.
The product includes a drop-down option for companies with concerns about the performance of their portfolios and provides multi-line excess capacity of up to £21.7 million.
Allianz Global’s head of market management and communication, Andreas Berger, explains that clients needed a response that was quick but appropriate for dealing with today’s market volatility, adding that the solution can provide stability in a time of uncertainty.
Category: Allianz News, Aon News, Business Insurance News, Insurance News
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