Fintech Global
Allianz set to buy beleaguered French InsurTech Luko in €5m deal
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Allianz Direct, a subsidiary of the German insurance giant Allianz, is reportedly on the brink of acquiring the beleaguered French InsurTech Luko for approximately €5m. The move follows months of legal battles for Luko, which has finally managed to land a buyer in the form of Allianz Direct, according to a report from Sifted.