Announced
Completed
Synopsis
CCN Group, a TPA claims service provider, completed the acquisition of APRIL Deutschland from APRIL. Financial terms were not disclosed. “In 2020 we began to diversify our services into underwriting under the flag of Astrea. The brand was successfully introduced to distribute and write niche business in Denmark. In view of this success, we wish to rapidly expand our insurance distribution capabilities to the rest of Europe. As APRIL Deutschland is both an established insurance intermediary and TPA in the field of income protection and loan insurance products, as well as a TPA for Green Card and Fourth Directive business, our services are highly complementary. The acquisition enables CCN to further its ambitions in the German market," Cees Werff, CCN Group CEO.
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