Constellation has acquired a majority stake in faircheck Schadenservice Deutschland, a provider of claims management and handling services for property insurance.
Susanna Martin and Hubertus Marx founded faircheck in 2006 in Korschenbroich, Germany, with the firm’s main focus being property damage claims. It also handles claims related to breakage of glass and damage to electronic devices.
faircheck, which operates with a nationwide network of more than 300 insurance experts, has secured long-term contracts with Germany’s major insurance companies and in June 2015.
Constellation’s acquisition was completed in close collaboration with the existing management team and the founders Marx and Martin, who retain a significant equity stake in the company.
“With Constellation, we found the right partner to support our goals in an increasingly digital insurance market with the common understanding to encounter both, the associated opportunities as well as challenges”, says Marx.
“The insurance market is slowly opening up for external service providers who are able to fulfil certain tasks more efficiently. Especially in the area of property and third party liability insurance services, we see a tremendous potential and are looking forward to further developing faircheck together with the founders and management”, adds Ralf Flore, Managing Partner at Constellation.
