- Swiss Re sells iptiQ’s European P&C business to Allianz Direct, closing expected in Q2/Q3 2025.
- This aligns with Swiss Re’s strategy to exit iptiQ. Allianz Direct will acquire iptiQ’s Luxembourg-based risk carrier, employees, and distribution agreements, expanding its B2B2C segment.
Tue Nov 05 09:34:45 -2024 UTC– Swiss Re is selling iptiQ’s European Property & Casualty business to Allianz Direct to withdraw from iptiQ.
The transaction includes the risk carrier in Luxembourg, employees in multiple European countries, and distribution agreements. Allianz Direct will acquire iptiQ’s customers and aims to expand in B2B2C. The deal aligns with Allianz Direct’s growth strategy.