Acquis, a provider of insurance solutions for the asset finance sector, has formed a partnership with Allianz Global Risks US Insurance Company, it was reported in MonitorDaily, an equipment finance website serving the US market.

Allianz Global Risks US Insurance Company operates as Allianz Commercial, to offer and underwrite specialised insurance products in the US.

The collaboration between Acquis and Allianz aims to address the needs of the US asset finance market, delivering insurance coverage tailored to financed equipment. The partnership draws on Acquis’s established experience as a market leader in Europe, while Allianz brings a broad global network and market insights in commercial insurance.

“We are really thrilled to partner with Allianz in the US. It is a truly global company, with a deep-rooted understanding of our key markets and products,” Tom Denman, chief financial officer at Acquis, said. “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 US 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, representing Allianz, commented on the alliance, saying, “As Acquis establishes themselves in the US, 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.”

The joint initiative from Acquis and Allianz marks a new offering in US asset finance insurance, leveraging Acquis’s industry expertise in Europe and Allianz’s strong US presence to provide comprehensive coverage options for businesses in the asset finance sector.