Allianz Legal Protection (ALP) has launched a new after the event (ATE) insurance partnership with leading Liverpool law firm EAD Solicitors. ALP will provide ATE insurance for all of EAD’s clinical negligence and personal injury case types.
The partnership will provide EAD clients with protection against adverse costs and cost risks associated with unrecovered disbursements.
In addition to ATE insurance, ALP will also provide EAD Solicitors with access to its Paid as Incurred Disbursement model (PAID). This will enable them to make early claims for disbursements incurred and, unlike traditional funding, is available without interest or drawdown fees.
Steve Rowley, business development manager at ALP, commented “EAD is a respected and well known firm with a strong regional presence in Merseyside. We’re delighted to have been selected as their ATE partner of choice and to support their growth ambitions.”
“The flexibility and ease of our PAID model will allow EAD to manage their disbursement expenditure as we’re not prescriptive to which disbursements can and can’t be claimed for early. This will help EAD to secure improved terms with medical experts whilst taking additional cost out of the claims process which will have a benefit for all parties involved.”
Helen Barry at EAD Solicitors said “We’re thrilled to be partnering with Allianz Legal Protection as our provider for ATE Insurance. At a time of proposed Government reforms for clinical negligence and personal injury claims, it was important for our firm to be partnering with an insurer who has the financial strength to meet its commitments and one where we can be confident they are able to deliver a solution not only now but also post any reforms.”
“Being able to utilise ALP’s innovative disbursement costs solution as part of their ATE insurance facility ensures we’re much more closely aligned in the claims process which will ultimately benefit the customer.”
Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz Group.
The Allianz Group is one of the world's leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.