Irwin Mitchell Holdings Limited has sold 100% of its interests in Coris UK Ltd. to CCN Insurance Services AG, a sister company of the Claims Corporation Network (CCN) Group. This acquisition has been made to strengthen CCN’s core business lines, which include third-party administration (TPA), MGA and insurance services.
“CCN Group have demonstrated a genuine interest in acquiring Coris UK. Their combined know-how in the fields of TPA, including cross-border MTPL claims, and accidental insurance services, makes them a perfect match. As shareholders they will secure service levels and develop the company’s potential in its various segments. It’s important to note that the United Kingdom becomes a market of strategic interest for CCN Group in the fields of distribution of international private medical insurance and niche P&C insurance products”.
CCN’s Group CEO Mr Cees Werff says, “In 2022 we began to diversify our services into underwriting under the flag of CCN Insurance Services. In view of this success, we wish to rapidly expand our insurance distribution capabilities to the rest of Europe. As Coris UK is both an established insurance service organisation, 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 UK market.”
Mr Werff stresses, “This will not affect the company’s clients in any way, except that they could benefit from a wider offering in the near future.”