Ascentiel Groupe has acquired Eurodommages to enhance its position in the non-standard automobile insurance market and strengthen its professional lines offering.
Target Information
Ascentiel Groupe has successfully acquired Eurodommages, a French Managing General Agent (MGA) specializing in non-standard automobile insurance and specific B2B segments. This marks Ascentiel's first transformative acquisition following Cobepa's investment in December 2024, aligning with its strategic goal to complement organic growth in France and internationally through targeted acquisitions.
Eurodommages operates through a vast network of 5,000 brokers in France and currently manages 35,000 non-standard insurance policies across automotive and professional lines, including construction, professional liability, and fleet insurance. With full underwriting delegation from leading insurance and reinsurance partners, Eurodommages offers extensive expertise across the entire value chain, from pricing to claims management, encompassing bodily injury claims as well.
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Industry Overview in France
The French insurance industry has shown resilience and adaptability amidst various economic challenges, underscoring its significance in safeguarding individuals and businesses. The market has experienced steady growth,
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