HSBC UK and Gallagher launch new business insurance partnership

HSBC UK has partnered with Gallagher to provide insurance services to its commercial banking customers.

Under the arrangement, businesses with insurance requirements will be referred to Gallagher for specialist insurance advice, risk management support and access to insurance products.

HSBC UK said the partnership is designed to help commercial customers access specialist insurance expertise more easily, allowing businesses to focus on their day-to-day operations and growth plans.

Trade credit insurance will continue to be provided through HSBC UK’s existing partnership with Allianz Trade.

Jon Barks, head of business risk UK CMB at HSBC, said: “By referring customers to Gallagher’s specialist teams, we’re helping businesses get the right insurance advice and risk management support quickly and conveniently.

”That means our customers can spend less time navigating insurance needs and more time focusing on running and growing their business.”

’Natural extension’

Customers referred through the arrangement will be able to access Gallagher’s specialist teams through face-to-face meetings, telephone consultations and online services.

Gallagher said the agreement builds on its experience of working with large financial services organisations through affinity partnerships.

Natasha Barrow, head of affinities at Gallagher, added: “We pride ourselves on acting as a natural extension of our partners, delivering the high standards of service that customers expect and deserve.

“With this philosophy, we have built an exceptional portfolio of affinity partnerships over the last 20 years which includes some of the largest firms in financial services. This is a significant new partnership opportunity for our UK business and we look forward to working with the team at HSBC UK and extending our services to their customers.”