Assurever, the French leader in travel insurance brokerage, has entered into exclusive negotiations with a view to its sale to the German broker GGW
Assurever has decided to join the German brokerage group GGW. Assurever is the French leader in travel insurance brokerage with more than 15 million turnover in 2022; in strong growth in 2022 and 2023,
Assurever is now the 18th French specialist broker according to Argus de l’Assurance.
According to Matthieu Drouet and Jean Philippe Lardennois, majority shareholders and managers of Assurever: “We are very happy to join the German group GGW. The entrepreneurial spirit of this young group appealed to us and we know that its dynamism will help us accelerate our growth in Europe to best support our customers.”
Moritz Rutt, CEO of the GGW Group, adds:
“I am impressed by what Matthieu and Jean-Philippe have accomplished in their entrepreneurial journey. We believe that their entrepreneurial spirit and personalities are a perfect fit with GGW’s culture, which makes Assurever the ideal partner to expand into a new market like France. Furthermore, Assurever brings an important skill to our group and we believe that together there is significant potential to accelerate our growth.”
Matthieu Drouet and Jean Philippe Lardennois will remain the directors of Assurever which will retain its operational autonomy and its brand, in accordance with GGW’s partnership approach with the brokers who decide to join the group.
Assurever is advised on this transaction by the investment bank Nemrod Partenaires, while GGW is advised by KPMG Corporate Finance. This operation remains subject to legal consultations before its finalization.
As a broker, we create and distribute travel insurance for tourism professionals, on the Individual, Group and Business markets, but also insurance linked to professional activity such as CPR, multi-risk premises, health insurance or legal protection.
We are also one of the rare brokers to have a delegation of management by our insurers, which simplifies and accelerates the management of compensation files as well as a training service for BtoB sellers providing sessions on site and in person. distance learning (in 2023, 899 learners) which will be supplemented by the ASSUREVER Academy (IFTM Top Resa launch October 2023): an e-learning tool made available to all of our customers.
Group created in 2020 and based in Hamburg, Germany, with two activities: Leading Brokers United (its insurance brokerage activity) and Wecoya Underwriting (MGA – underwriting agent), the GGW group (which took the eponymous name of a of the first firms to join it, Gossler Gobert & Wolters, created in 1758) experienced a
very strong growth in recent years, based on a decentralized model leaving firms that join the group with strong autonomy. The GGW group companies currently employ more than 1,700 people.