Clark Takes Over Finance Group from Allianz X

The insurance broker Clark grows with a takeover and wins the Allianz Group as a shareholder. The Frankfurt start-up is acquiring the Finanz Group from Allianz X, the arm of the Munich-based insurer for digital investments.

Clark and Allianz X are swapping shares in the Berlin Finance Group for this, as the Frankfurt-based company announced on November 9, 2021. In addition, Clark paid Allianz-X a cash purchase price that was not disclosed. Existing Clark investors such as White Star Capital, Tencent and Yabeo as well as new investors provided the money. With the deal, Allianz-X will become Clark’s largest minority shareholder.

The Frankfurt company with over 350 employees advises consumers on choosing the best insurance and is one of the most important insurance start-ups in this country. With Clark, users can digitally manage and compare their insurance policies. According to its own information, the start-up looks after over 450,000 customers in Germany and Austria and works with more than 160 insurers. With the takeover of the Finanz Group, Clark will now be valued at more than one billion euros, the Frankfurt-based company said.

The Finanz Group is behind the finanzen.de portal, where customers can find out about insurance, pension products and investments and get advice from experts. With the takeover of the marketplace, the entire value chain can now be covered, says Clark: From the initial interest in buying to the search for information to the selection of the right tariff.

In addition, as part of the takeover of the Finanz Group, which is active in five European countries, Clark is getting closer to its expansion goals. Clark wants to become the largest insurance broker in Europe and to penetrate other European markets in the near future, said CEO Christopher Oster.

 

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Summary

The insurance broker Clark grows with a takeover and wins the Allianz Group as a shareholder. The Frankfurt start-up is acquiring the Finanz Group from Allianz X, the arm of the Munich-based insurer for digital investments.

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