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Rescooped by Shrinidhi Hande from KIM
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Hertz acquires accident management firm

Car rental company Hertz has announced the acquisition of CCL Vehicle Rentals Ltd (CCL), an accident management provider in the UK. CCL's services include claims handling management, replacement vehicle provision, vehicle repair supervision and uninsured loss recovery.

 

CCL will operate as a wholly-owned Hertz subsidiary and will further invest in insurance rental and electronic processing systems while continuing to build relationships with insurers, brokers, body shops, and vehicle manufacturers and dealerships.

 

Hertz estimates that the UK car and van insurance replacement market is worth £1bn per annum.

 

See the announcement here: http://phx.corporate-ir.net/phoenix.zhtml?c=205461&p=irol-newsArticle_Print&ID=1828769&highlight=


Via KIM GCD
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