Allianz Insurance has outsourced the management of its entire UK company car fleet to Fleet Logistics UK while also switching to leasing.

Allianz Insurance operates a fleet of 1,000 company cars in the UK, both work and management grade vehicles, which have traditionally been outright purchased for the last 14 years

The deal covers some 1,000 company cars, which are used as both job need vehicles and perk cars for management and have traditionally been outright purchased for the last 14 years.

But the new arrangement has seen the entire fleet come under a sale and leaseback arrangement, with ALD Automotive appointed as the sole leasing supplier for the legacy fleet.

Future orders will be placed by a competitive bid process, with ALD Automotive Ltd, Alphabet GB and Volkswagen Financial Services on the panel.

The outsourced fleet management agreement with Fleet Logistics UK will also help drive efficiency and cut emissions, including through Fleet Logistics’ FleetCare fleet management package. Services provided include all invoice consolidation, management information reporting, driver support and helpdesk, a CO2 reduction programme and support and policy evolution.

Abigail Swartz, business services procurement manager, Allianz Insurance, said: “We are pleased to select Fleet Logistics as our fleet management provider and we’re confident this will help drive our green agenda in the UK.

“We are excited to see the results of the competitive bid process, which we believe will improve efficiency, while the change to leasing will reduce Allianz’s risk exposure.”

Sue Branston, country head for Fleet Logistics UK and Ireland, added: “We are delighted to be working with Allianz to help with its carbon reduction programme and to improve efficiencies across the UK fleet.

“After considering all operational and future financial benefits, we felt the best course of action was a sale and leaseback agreement and a move away from the traditional outright purchase arrangement, which has now been successfully implemented.

“We look forward to a long and harmonious business relationship and to working closely together going forward,” she finished.