German Insurer DFV Eyes IPO in Bid to Disrupt Allianz & Co.
By Jan-Patrick Barnert
June 21, 2018, 9:00 AM GMT+5
Insurtech needs 100 million euros this year to fund expansion
Founder Knoll considered selling DFV in past but talks petered
With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering is one path Stefan Knoll, founder and chief executive officer, is considering.
“There’s an opportunity to grow even more in the next three to five years, before the current economic cycle weakens and things get a bit more difficult,” Knoll said in an interview. “We’re looking at multiple options, including an IPO, and are aiming for a solution by the end of the year.”
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