Acquis, an insurance provider to the asset finance industry, has entered an agreement with Allianz Global Risks US Insurance Company (doing business under the trade name Allianz Commercial) to distribute and underwrite insurance coverage. Allianz and Acquis will work in partnership to serve the asset finance market with specialist insurance solutions.
With a history of providing quality insurance products globally, Allianz brings a wealth of market knowledge to Acquis, as well as its underwriting capabilities. This breadth of market coverage*, combined with Acquis’ experience in developing tailored insurance solutions for the leased equipment industry, will mean that the two companies will bring welcome innovation to the insurance market.
Acquis launched its services in the United States in 2023 and provides fully outsourced insurance programs for financed equipment designed to protect a lessor’s assets, maximize value for businesses and generate income.
“We are really thrilled to partner with Allianz in the United States. It is a truly global company, with a deep-rooted understanding of our key markets and products," said Tom Denman, Chief Financial Officer of Acquis.
“With our experience in Europe as the market leader of insurance for financed equipment, this partnership with Allianz will allow us to bring the same high-quality program to the U.S. Acquis offers a program that reduces portfolio risk and fully protects assets right from the start of the agreement so working alongside Allianz will allow us to enhance our offering and ultimately improve the insurance choices available to the equipment finance market.”
Keith Scranton at Allianz said, “As Acquis establishes themselves in the U.S., we are excited to partner with them to offer best-in-class tailored insurance solutions to a market that needs more choice. As a market leader in Europe, we know the quality of the solutions they offer to those seeking to protect their asset finance agreements, and we are looking forward to bringing these solutions to clients on this side of the Atlantic.”