Zurich enters car rental market
Zurich has entered the global car rental market following its acquisition of Halo, a specialist, UK-based online rental car insurance platform.
In a statement, Zurich said, ‘The acquisition of Halo follows the purchase of Cover-More earlier in the year, further reinforcing Zurich’s position as a top three global travel insurance provider.’
The Halo deal allows Zurich to enter the $74bn global car rental insurance market providing customers ‘with a simple and convenient way to insure their vehicles through mobile and online functionality.’
Halo will retain its branding and will report into Cover-More.
Mike Emmett, group CEO at Cover More said, ‘Halo is an exciting company as they’ve proved over the past few years, particularly in their capacity as a consumer champion and market disruptor. That was what attracted us to look at Halo in the first place.’