JAB’s Pet Insurance Business to Acquire Global Pet Insurance Operations of Fairfax Financial, Expanding Its Presence in the Fast-Growing Industry
While we have sold our pet insurance business to JAB, we will invest $200 million in their JCP V to become their partners.
- While we have sold our pet insurance business to JAB, we will invest $200 million in their JCP V to become their partners.
- We expect JAB to soon become leaders in pet healthcare and pet insurance globally.
- Todays transaction is a major milestone for us in our mission to become a global leader in pet insurance and the pet health ecosystem, said Dirk Beeckman, CEO of JABs pet insurance portfolio.
- It also is a majority shareholder in Pet Partners, Inc., which distributes and administers through world-class pet insurance brands AKC Pet Insurance and its worksite brand, PetPartners.