Announced
Financials
Sources
Tags
vehicle claims management
Majority
Property and Casualty Insurance
Single Bidder
Private Equity
Friendly
Germany
Acquisition
Insurance Brokers
Private
Pending
Domestic
Synopsis
Allianz X, a digital investment unit of Allianz Group, agreed to acquire ControlExpert, a provider of vehicle claims management, from General Atlantic. Financial terms were not disclosed. “Technical applications and platforms are crucial for capturing new opportunities in the digital era. ControlExpert has emerged as a clear leader in motor claims management in Germany and continues to show growth in international markets. We look forward to bringing together Allianz’s 130 years of experience in claims management and ControlExpert’s technological expertise to drive significant changes in the sector,” Nazim Cetin, Allianz X CEO.
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