Hertz Enters Vehicle Insurance Replacement Market in the UK

The Hertz Corp. announced that Hertz UK Ltd. has acquired CCL Vehicle Rentals Ltd. (CCL), an accident management provider headquartered in Dorset, U.K. The move positions Hertz for growth potential in the U.K.’s 1 billion euro ($1.5 billion) car and van insurance replacement market.

CCL will operate as a wholly-owned Hertz subsidiary, with its customers benefiting from the car rental provider's extensive fleet and network of locations across the U.K., as well as its range of innovative products and services.

"Hertz's entry to the U.K. vehicle insurance replacement market via the acquisition of CCL brings greater choice and an exceptional and comprehensive service to the industry,” said Michel Taride, group RAC president at Hertz International.  "… Building on our existing leasing replacement services and extensive infrastructure in the U.K., we will offer a convenient and competitive alternative to the current dominant players. We are excited to welcome CCL's existing management team to ensure the consistency of service delivery and support plans for growth."

Neil Cunningham, general manager of UK & Europe Off Airport at Hertz UK Ltd., added: "Hertz and CCL are a powerful combination to meet the needs of insurers and the wider market. Hertz has nearly one hundred years of experience in the vehicle rental market and a track record of innovation and customer service. CCL has a reputation for quality service in accident management. Its dedicated work force brings the expertise needed to effectively manage the end-to-end insurance services process. …"

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