Ernesto Suarez, Founder and CEO 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.
“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, Chubb Insurance Company of Europe Product Manager said, “Halo is an exciting business with ambitious plans. They have really shaken up the car hire excess insurance market in the UK. We are looking forward to working with them on their launch into Germany and their other expansion plans. “
Notes to Editors
Founded in 2009, Halo Insurance is a groundbreaking new online insurance service that takes the jargon, hassle and expense out of hire car insurance by offering policies that are cheaper and more comprehensive than those sold at car rental desks, accepted at car rental locations worldwide and quick and easy to choose and buy.
Halo Insurance Services Ltd was founded by Ernesto Suarez, a leading insurance professional with 10 years experience in the industry.
Halo Insurance Services Limited is registered in England number 6929208. Authorised and regulated by the Financial Services Authority Register No. 504629 for the sale and administration of general insurance products in the United Kingdom and throughout the European Economic Area (EEA).
Halo Insurance Services Ltd is backed by Bridges Ventures and Magenta Partners.