As a leading MGA, it is important to us that we provide reputable and competitive insurance products that meet the expectations of our supporting Brokers and your customers. We have listened to your concerns regarding the use of unrated insurers and are delighted to announce that we have secured capacity for our existing ROI Motor Trade product in the form of Allianz. As you are aware, Allianz are an S&P AA- rated carrier with offices in Dublin and Belfast.
We are very much looking forward to working closely with Allianz, pooling our respective local and industry knowledge to provide a competitively rated product.
The impact is expected to be very limited if any at all. Allianz will replace Gefion as capacity on both new and renewing customers and will be available on our Covernet Portal for business effective from 1st April 2020. There will be no changes to the existing product in terms of wordings and insurance coverages are unaffected. Prestige will continue to handle any associated claims providing excellent continuity for your customers.
For over 23 years, we have been providing motor capacity and offering the highest levels of service to both brokers and consumers. We look forward to developing and growing our relationship with you through our existing products and indeed other competitive and innovative offerings in the future.