APRIL, a French wholesale insurance coverage dealer, has finalised the acquisition of UK-based specialist insurance coverage dealer Lexham Insurance coverage.
Monetary phrases of the transaction weren’t disclosed.
Lexham, established in 2000, is engaged in providing greater than 20 totally different insurance coverage merchandise together with insurance coverage options for mopeds, scooters and bikes.
It additionally supplies bespoke merchandise within the motor commerce and industrial market sectors.
With the acquisition, APRIL goals to bolster the Lexham model inside the UK market, enhancing the insurance coverage expertise for purchasers via differentiated choices.
The acquired firm has cast partnerships inside the trade and is alleged to work straight with a panel of insurance coverage firms.
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Lexham has a workforce of greater than 200 throughout its three places of work within the UK.
APRIL CEO Eric Maumy mentioned: “APRIL has been current within the UK market since 2012 via its London-based expatriate insurance coverage enterprise.
“The group is now confirming its ambitions for worldwide improvement, notably within the property and casualty and two-wheeler insurance coverage markets, the place we have already got robust experience in France and Spain.”
Lexham CEO James Miller mentioned: “With Lexham founder Richard Ironmonger taking the choice to step away, it was necessary to us that with any sale we discovered the correct house, and with APRIL’s data of and fervour for the markets we commerce in we really feel we’ve got achieved simply that.”
In October 2023, APRIL expanded its worldwide footprint with the acquisition of Expat & Co, a specialist in medical health insurance for expatriates based mostly in Belgium.
Expat & Co gives a collection of options to a various clientele together with people, companies and academic establishments throughout Europe.
