Swiss Re agrees to sell iptiQ's European P&C business to Allianz Direct 05.11.2024 / 09:00 CET/CEST The transaction relates to the Luxembourg-based risk carrier (iptiQ EMEA P&C S.A.) and its ...
(RTTNews) - Reinsurer Swiss Re Ltd. (SSREY.PK) Tuesday announced its agreement to sell iptiQ's European Property & Casualty or P&C business to Allianz Direct, affiliated to Allianz Group (ALIZY).
Allianz Direct, part of Allianz Group’s online insurance division, will acquire iptiQ EMEA P&C S.A., based in Luxembourg, along with over 100 employees across Switzerland, Germany, Spain, the ...
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Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct, the pan-European online insurer, will take over ...
In line with its strategic decision to withdraw from iptiQ, Swiss Re has agreed to sell the digital insurer’s European P&C business to Allianz Direct, the pan-European online insurer of Allianz Group.
The acquisition will allow Allianz Direct to increase its presence in the B2B2C segment, acquiring more than 130,000 iptiQ customers. According to Allianz Direct, this move aligns with its broader ...
«Strengthening Presence in Important European Markets» The acquisition of more than 130,000 customers will further strengthen Allianz Direct's presence in this segment, according to the press release.