Allianz and Towergate strike affinity deal

Allianz Commercial has secured a three-year deal with Towergate Northampton as sole provider for a number of affinity schemes within the broker's small to medium-sized enterprise book of business.

The partnership, which is expected to generate £1.8m in gross written premiums in the first year, will see the insurer underwrite risks within their small business product range.

The arrangement will take effect from February 1, 2009 and follows the success of the Allianz small business team in acquiring major deals throughout the last year.

Jason Howes, small business development manager, Allianz Commercial, said: "We are delighted that Towergate have selected us as the company able to provide

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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