Allianz secures Lloyds TSB deal
Allianz Commercial has secured a multiyear 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."
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