AND-E acquires assets of Nukula

Acquisition aligns with AND-E’s vision and further underpins relationship with Toyota and Lexus brands

AND-E (Aioi Nissay Dowa Europe), the captive insurer for the Toyota and Lexus brands through its subsidiary business Toyota Insurance Management (TIM), is pleased to announce the acquisition of the trading assets of Nukula Ltd (trading as “InsureThat”), the former administrator for Toyota and Lexus add-on insurance products in the UK. This acquisition follows the recent appointment of an administrator to oversee the winding down of Nukula Ltd’s operations.

This acquisition aligns with AND-E’s core mission of ‘Every Journey Protected,’ ensuring that its customers have the protection and peace of mind they need before, during, and after their journeys.

InsureThat administered premiums and claims for essential add-on products, including Minor Damage Protection, Tyre and Alloy, and Excess Protection, serving over 230,000 Toyota-branded customers. The acquisition of these assets was critical to safeguarding the ongoing protection of these consumers, who rely on these products for their peace of mind.

By integrating InsureThat’s operations, AND-E UK and TIM UK will strengthen their relationship with Toyota in the UK, enhancing their expertise and expanding their capabilities to offer a broader range of mobility protection services.

AND-E is dedicated to making tomorrow’s journeys simpler, safer, and smarter. Its commitment to simplifying the insurance experience includes providing straightforward policies, easy claims processes, and user-friendly tools to help customers navigate insurance with ease. The acquisition of InsureThat’s assets meets this commitment and ensures the ongoing protection of consumers, reinforcing AND-E’s dedication to delivering exceptional service and security for all its customers.

 

AND-E Press Office   

Wendy Harrison   

Tel: +44 (0) 7850 372469   

Email: and-eteam@harrisonsadler.co