On 14th November 2024, the Claims Corporation Network (CCN) Group announced the acquisition of 100% of AFA UK, a significant move that will further bolster its position in the UK market. This acquisition follows the successful integration of Coris UK into the CCN Group in April 2023 and is a key part of CCN’s strategy to expand its core business lines, particularly in the areas of third-party administration (TPA) and insurance services.
AFA UK, established in 1982, has built strong connections with the French and Spanish markets, bringing valuable expertise to the CCN Group. The acquisition will enhance the services already provided by Coris UK, strengthening CCN’s capabilities in TPA, including cross-border motor third-party liability (MTPL) claims and accidental insurance services.
Nick Lavelle, Head of International Claims at CCN Group and Managing Director of Coris UK, will oversee the newly acquired companies. He reassures that the acquisition will not affect AFA’s clients, stating, “This will not affect the company’s clients in any way, except that they could benefit from a wider offering in the near future.”
The synergies between AFA UK and Coris UK are clear, with both companies bringing complementary expertise in TPA and insurance services. This combined strength positions CCN as a leader in the UK market, with an expanded range of offerings and an enhanced ability to meet the needs of clients across the region. The UK remain a key strategic focus for CCN, particularly in the distribution of international private medical insurance and niche property and casualty (P&C) insurance products.
CCN Group’s CEO, Mr. Cees Werff, highlighted the significance of the acquisition in relation to the company’s broader expansion strategy. “In 2022, we began diversifying our services and expanding into new markets, starting with the acquisition of CCN Insurance Services in Germany. The success of this venture allowed us to quickly expand our insurance distribution capabilities in the UK, and the acquisition of AFA UK strengthens our presence in this important market,” he said.
AFA UK’s long-standing expertise, particularly in Green Card business and TPA services, complements CCN’s existing offerings, making this acquisition a perfect fit. With this strategic move, CCN is well-placed to continue its growth in the UK and beyond, driving innovation and enhancing its service delivery.
This acquisition marks another important milestone for CCN Group as it continues to strengthen its position as a leader in cross-border motor claims, recovery services, and international insurance distribution. The future looks bright as CCN builds on its success and expands its capabilities to meet the evolving needs of clients across Europe and beyond.