Allianz: buys Friday's insurance business

(CercleFinance.com) - Allianz Direct, the pan-European online insurer of the Allianz Group, is taking over the insurance activities of Friday in Germany and France.


Friday, a subsidiary of Baloise, is a digital insurance company operating in Germany and France.

This acquisition is intended to further strengthen Allianz Direct's position in the German direct motor insurance market and in the French home insurance market.

With this acquisition, Allianz Direct adds around 250,000 new customers to the Allianz Group and becomes a key player in the French home insurance market, as well as the third largest insurer in the German direct motor insurance market in terms of volume.


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