Ardian, one of the French insurance brokerage players, took a majority stake in Finaxy in 2022 with the help of the Equistone Partners fund, a major player in private equity in Europe.
Finaxy had announced that it wanted to accelerate its acquisition strategy and strengthen its position as a leading multi-specialist broker. Finaxy, created in 2009, whose 2019 turnover was around €80 million, has made nearly twenty-seven acquisitions since its creation.
Finaxy founds the number 1 in travel insurance with Assurinco Voyage and Présence Assistance Tourisme
The two brokers are also partnering with Libella, an Insurtech, the release said. The new entity is called Xplorassur
After these three acquisitions, Finaxy will post an annual turnover of more than 100 million euros for more than 400 employees. The broker can in particular rely on a broader range of travel know-how: tour operating, school trips, summer camps, seasonal rentals, cruises, etc. “We cover the entire French tourist spectrum to meet all needs. needs of our customers,” says Xplorassur. The new broker hopes to attract five million travelers in 2024.