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Allianz launches Portfolio Plus cover

Allianz Cornhill Personal Lines has extended its relationship with Home & Legacy, to insure properties of mid-high net worth. Portfolio Plus, the new product available through Allianz Cornhill brokers, covers private and grade listed properties, up to the value of £5m - an extension to the existing product Portfolio which allows cover up to £2m.

The average annual premium for the product is £3,000, with a total market worth of around £200m. Policies are issued subject to survey requirements which are arranged as part of the Portfolio Plus

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Is it third time lucky for Axa as it merges divisions again?

Content Director’s View: With Axa UK and Ireland combining its personal and commercial businesses into one, Jonathan Swift reflects on why insurers often oscillate between splitting and merging these divisions, and what led the insurer to believe this latest move will pay off now despite similar attempts in 2005 and 2016.

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