#NEWS

03/04/2018

Verlingue. “Developing a European company from Quimper…”

Verlingue wishes to develop a European company from Quimper “, CEO Eric Maumy announced this Friday in front of 400 employees of the Grand Ouest region.

 

Growth of 12%

In 2017, the sixth leading insurance broker in France achieved a premium collection of €1.7 billion and a turnover of €147M split equally between corporate risk and complementary social protection, equal to growth of 12%, of which 7% was in external growth.

 

Already present in the UK, Verlingue also conducted two external growth operations in Switzerland, with Advantis in 2016 and S&P last year. “Today, 20% of our turnover is generated abroad, and our goal is to increase this to over 50%”, he explained, specifying that the company was “looking to Germany and Northern Italy”.

 

On its domestic market, with 2,500 business customers, including 200 large corporations and 1,200 mid-tier firms, Verlingue plans to develop speciality markets and to reach SMEs. As a pioneer in digitisation, it is due to launch a new plan in order to “move on from the 20th century and go beyond the traditional role of the broker by offering new service models”.

 

Verlingue has a workforce of 900 employees, 750 of which are based in France. 300 work at the registered office in Quimper. In Quimper, the Adélaïde group, chaired by Jacques Verlingue, employs a total of 900 people with its other subsidiary, Génération.