French wholesale insurance coverage dealer APRIL Group has bought worldwide medical health insurance specialist Expat & Co for an undisclosed sum.
The acquired firm is engaged in independently underwriting insurance coverage for expatriates in Belgium.
Expat & Co additionally gives a platform of options to help its clientele, which consists of people, firms and schools, together with multinationals with areas round Europe.
APRIL has had a presence in Brussels since 2018 as APRIL Belgium and the most recent transfer will additional solidify its foothold within the Benelux area.
The deal will give Expat & Co entry to partnerships with business leaders, particularly in telemedicine and healthcare networks.
To boost its purchasers’ overseas healthcare experiences, Expat & Co will even leverage APRIL Group’s technological and repair infrastructure, the insurance coverage dealer added.
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APRIL Worldwide CEO for Europe Isabelle Moins mentioned: “Following our current institutions in Dubai and Germany and focused acquisitions during the last two years in Asia, we’re persevering with with Expat & Co our growth in our core enterprise of [International Private Medical Insurance] IPMI.
“Belgium is a dynamic market with nice potential, due to its wealthy ecosystem of European and international organisations and corporations. Expat & Co is a recognised participant amongst expatriates and college students and I look ahead to working with Filip Declercq and his workforce to proceed to develop our enterprise.”
Expat & Co founder Filip Declercq mentioned: “APRIL is the best associate for us to proceed to develop in our marketplace for the better advantage of our distributors and policyholders around the globe. It provides us the sources to fulfill the challenges dealing with the insurance coverage sector, corresponding to digitalisation and regulatory modifications.”