BLP and AGCS to end their partnership for residential, commercial and mixed-use IDI

BLP and AGCS to end their partnership for residential, commercial and mixed-use IDI

As of 27th November 2020, BLP Insurance, which offers housing warranty insurance and commercial development latent defects insurance, and Allianz Global Corporate & Specialty (AGCS), will end their partnership for residential, commercial and mixed-use IDI.

Following a strategic review in 2019, BLP continues to refocus its business concentrating on its core areas of expertise to provide an enhanced offering to clients and brokers. BLP has a long-standing experience in offering latent defects policies across the construction industry and has commenced discussions with a number of major insurance companies to become its new underwriting partners. We will make the market aware of any future developments in due course.

In the interim period, AGCS will continue to underwrite BLP business up to 27th November 2020 and will continue to provide a full claims service arising from all policies agreed up to that date. BLP will continue to service and audit all quotes accepted for policies agreed up to that date.

Staff Author

Date10/06/2020

Source Thomas Miller Group