Verlingue consolidates its position in Europe with the acquisition of ProConseils Solutions
Verlingue consolidates its position in Europe with the acquisition of ProConseils Solutions
The insurance broker Verlingue, a subsidiary of the Adelaïde Group, announces its acquisition of ProConseils Solutions, a major player in the insurance brokerage market in French-speaking Switzerland.
This strategic operation will enable Verlingue to strengthen its position in the Swiss market by broadening its range of services and expertise in the field of insurance coverage for businesses, local authorities and medico-social establishments.
ProConseils Solutions was founded in 2003 and is acknowledged for its tailor-made customer approach and commitment to quality. With a staff of almost 25 employees based in three offices in the Canton of Vaud, ProConseils Solutions works with more than 1,500 companies, nearly 150 local authorities and 30 medico-social establishments, providing them with optimised solutions for managing their insurance coverage.
This acquisition is fully in line with Verlingue's Better Future 28 strategic plan, which aims to reinforce the company's presence in Europe and expand the territorial coverage of its business, based on an ambitious project bringing together local actors with a shared vision.
Benjamin Verlingue, Chairman and CEO of the Adelaïde Group, explains that:
"The acquisition of ProConseils Solutions marks an important step in our growth strategy in Switzerland and Europe. We share strong values with ProConseils Solutions, notably close relations with our customers and service excellence. Joining forces will enable us to provide all our customers – whether in Switzerland or in the other countries in which we operate – an even broader range of expertise and solutions that are increasingly tailored to their needs."
Alain Bornand and Joseph Gelsomino, co-Founders of ProConseils Solutions, underline the fact that:
"Becoming part of Verlingue and the Adelaïde Group is a real opportunity for our customers and our staff. We will be able to provide even better services and draw on the Group's technical expertise and international dimension. It will also enable us to continue to develop ProConseils Solutions in French-speaking Switzerland, both through our existing teams and through possible acquisitions. ProConseils Solutions is entering a new phase in its existence and we are looking forward to sharing this with our customers, partners and staff."
Marco Buholzer, CEO of Verlingue Switserland, notes that:
"With this acquisition, we will reinforce our position in French-speaking Switzerland, which is a key market for Verlingue. ProConseils Solutions will bring valuable local expertise and excellent market knowledge. Together, we will be able to provide innovative solutions that are tailored to our customers' needs throughout Switzerland."
With this acquisition, Verlingue will help the Adelaïde Group achieve its objective of becoming the leading family-owned insurance broker in Europe by 2028.
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Verlingue enters the Italian market and strengthens its position in Europe: the acquisition of the majority shareholding of ISA in INSER has been completed
Verlingue acquires majority ownership of ISA in INSER.
Verlingue announces the acquisition of INSER S.p.A. In line with the strategic plan Verlingue 2024, the French Group consolidates the objective of building a large European insurance intermediation group, family-run and independent.
The objectives of participation in the Italian market are clear:
· Verlingue chooses Italy as the fifth country of expansion after France, Great Britain, Switzerland and Portugal;
· INSER represents the 7th international acquisition in just 7 years;
· Verlingue becomes majority shareholder of the broker INSER, one of the main independent Italian insurance intermediaries;
· the historical shareholder, ISA, remains as a minority shareholder to continue to support its growth path in Italy;
· all 160 INSER employees join Verlingue, whose international turnover now accounts for 35% of turnover.
Founded in 1979 in Trento, INSER S.p.A. is one of the leading independent players in the Italian insurance intermediation market. Its activities focus in particular on business risks and public procurement. The Italian broker, developed through targeted organic growth and a strategic programme of acquisitions, employs more than 160 employees in 8 offices in Northern Italy (Trento, Brescia, Parma, Milan, Bergamo, Vicenza, Udine) and Central Italy (Rieti).
Verlingue enters an important strategic market such as Italy, achieving its seventh acquisition outside France in just seven years, which saw the French Group arrive in Switzerland (2016, 2017 and 2019), the United Kingdom (2018) and Portugal (2020 and 2022).
This transaction on the Italian market consolidates and accelerates the implementation of the 2024 Strategic Plan of the Adelaïde Group: the objective is to position itself as a reference broker on the Italian market for micro-enterprises, SMEs, large enterprises and public entities. An important step that increasingly guarantees a European dimension to the French Insurance Brokerage Group, an independent family business, serving an increasingly international clientele.
The signed partnership provides for Verlingue to become the majority shareholder of INSER, while the historic shareholder, ISA, will remain with a minority stake, continuing to support the growth path in Italy.
Giorgio Franceschi, Managing Director of ISA, said: "We are very satisfied with this operation. In the Family Group Verlingue we have found a solid and credible international partner, which will now contribute to a new phase of development of Inser, historical and important participatory of ISA, that we have accompanied in its path of growth and in which we will continue to be present. The partnership between Verlingue and ISA represents a great opportunity to create value for the benefit of customers, employees and the whole territory".
Pierpaolo Ruggeri, Managing Director of INSER, commented the partnership: "Verlingue’s European project is exciting and Italy is a strategic country. Thanks to the collaboration we will be able to strengthen our development path, both through organic growth and through targeted acquisitions, to consolidate our positioning and offer a high quality service to our customers."
Benjamin Verlingue, Managing Director of the Adelaïde Group: "I am pleased that Adelaïde is expanding into Italy, which is the fourth largest insurance market in Europe. This opens up many positive prospects for our customers, who are increasingly international. In a consolidation industry, being a family-run insurance broker with an ambitious and long-term vision allows us to propose an attractive project for teams that decide to join our adventure. I am happy that INSER and ISA made this choice" .
Anne-Jacques de Dinechin, Managing Director of Verlingue: "Our international success is based on strong local management teams in every country. With the acquisition of INSER, we integrate into the Group a team of committed experts who will fully participate in our ambition to become one of the leading players in Europe".
About Verlingue
Insurance intermediary specialized in the protection of companies, Verlingue is a subsidiary of the Adelaïde Group. Committed to supporting entrepreneurs, Verlingue’s ambition is to make the management of business risks and the protection of employees a true lever of value creation and performance for its customers. With offices in France, Portugal, Switzerland, the UK and Italy, and through its partners in more than 100 countries, Verlingue accompanies its customers in the long term and at all times, to better understand and anticipate new risks with the aim of designing and managing, together with them, simple and efficient solutions to protect their activities (business risks) and their collaborators (complementary social protection and pension).
1,350 employees, of which 550 internationally
2.350 M€ of prizes negotiated on behalf of its customers
Present in 5 countries in Europe