12 September 2007 | Antony Barton
One of the UK's largest general insurers has outsourced its print, mailing and transactional operation functions in a deal worth more than £50 million.
Allianz Insurance, part of the worldwide Allianz Group, awarded the six-and-a-half year contract to print management company TPF Group after a 12-month competitive tender process. An invitation to tender was sent to 13 companies.
TPF will take over Allianz's printing site in Guildford, retaining the 40 staff based there. The site will become TPF's document management headquarters and a new base for all its digital printing services.
Mike Delany, management services manager at Allianz Insurance, said the move to an outsourced model made sense on a number of levels. "First, the arrangement with TPF provides us with continuity and secures the employment of our printing staff. It will also reduce costs, improve our focus and ensure we're much better placed to employ leading edge thinking and technologies."
Steve Brundle, chief executive of TPF Group, said the deal means the firm will exceed turnover of £100 million. There are also plans to extend services to other Alliance Group operations in the UK and Ireland.