JAB Holding has acquired a majority stake in UK-based Cardif Pinnacle, BNN Bloomberg reports.
And it is also buying Chicago-based Figo Pet Insurance – acquisitions designed to boost JAB’s share of the growing pet insurance market.
“This humanisation of pets and veterinary care is evolving at 100 miles an hour and you need to have the best real-time data to price insurance policies not only to gain market share but also to grow profitably,” said JAB’s Dirk Beeckman.
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