Allianz Legal Protection (ALP) has partnered with national law firm Freeths to provide After the Event (ATE) insurance.
ALP will provide insurance for the firm’s Clinical Negligence business to protect customers against the adverse cost risk associated in bringing a claim.
The ATE insurance will cover defendant costs if the claim fails to beat a Part 36 offer, as well as covering the cost of any unrecovered disbursements such as expert reports and counsel’s fees.
A key benefit of the scheme is the wide delegated authority which allows Freeths the autonomy to issue policies for all its clients.
Tony Dyas, senior business developer at Allianz Legal Protection, commented: “Freeths has a wealth of experience and a proven track record in Clinical Negligence. We are very much looking forward to working with them in what is likely to be a very challenging time with the fixed cost proposals expected in 2017.”
Jane Williams, head of clinical negligence at Freeths, commented:“We are delighted to be working with Allianz Legal Protection, who we feel are best placed to adapt their product to meet our customers’ requirements’’.
Notes to Editors
- A Part 36 offer, as referred to during court proceedings, describes when one party makes an offer to settle the claim to the other party and does so in accordance with Part 36. Part 36 is the section of the civil procedural rules that governs Part 36 offers and sets out the format of a Part 36 offer and its consequences.
- Freeths has 11 offices nationwide and serves both personal and commercial customers.
Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide.
Around 85 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks.
In 2015, over 142,000 employees in more than 70 countries achieved total revenues of approximately 125.2bn euros.