Halo enters German market

Halo Insurance has launched in the German motor insurance sector after partnering with Chubb.

Halo's new website, leihwagenversicherung.de, offers car hire, van hire and car club excess insurance policies, with the products underwritten by Chubb. The new venture follows Halo's UK launch of Icar Hire Insurance.

Ernesto Suarez, founder and chief executive of Halo Insurance said, "We launched in the UK last year and the response has been even better than we had anticipated. We are rapidly growing and launching into Germany is the logical next step in our expansion plans.

"Germany has the largest number of hire car drivers in Europe yet the excess insurance market is in need of reform, so we expect there to be significant demand for products like ours. The car rental desks only offer expensive daily excess policies so it is likely that our annual policies will be especially popular in such a financially savvy country.

He added: "Partnering with Chubb in Germany will give us even greater credibility. They are well known for their high quality claims service and we know that working in partnership with them will give our customers the best possible experience."

Richard Gorely, product development manager of Chubb Insurance said, "Halo is an exciting business with ambitious plans. They have reinvigorated the car hire excess insurance market in the UK. We are looking forward to working with them on their launch into Germany and forthcoming European projects."