The Scenario
We were introduced again by Glenn Souter from Bibby Financial Services.
This introduction was into a client who had recently bought the assets of a business to add to their portfolio of companies.
The Challenge
- Pricing – they had an existing policy for the other businesses
- Time critical – as the acquisition had a short deadline
Our Response
- Full Market Review
- Speed of turnaround highlighted
- Initial meetings with fractional CFO
The Result
Turnaround time was crucial
Chris Evans at Allianz turned around the whole list of limits on the same day as the enquiry, which was key. The limit appetite was 100%, Premium was competitive, and the deal was done within a very short space of time.
Competition vs Existing Policy
The client had another provider for their other businesses, however our proposal was more keen, more flexible and allowed them to move far more quickly.
Conclusion
The need for a quick turnaround was absolutely key here and Allianz were able to assist. We jumped on a call with the fractional CFO to explain the key elements of the policy and he was so impressed, he asked us to extend the policy to an 18 month contract, as he would like us to review all of their policies when they come to an end.
Another great result for UK Credit Insurance Brokers.
