Allianz Direct, the Allianz Group's pan-European online insurer, has taken over Luko's French home insurance business and all operating assets, including its brand.

All 112 employees of Luko and Demain will transfer to Allianz Direct.

Allianz Direct will continue to expand its product range and customer base under the 'Luko' brand, combining the strengths of both organizations.

Philipp Kroetz, CEO of Allianz Direct: 'The acquisition of Luko's home insurance business not only accelerates our development plans in the French market, but also positions us as the market leader in online home insurance in France.

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