APRIL International acquires Expat & Co to boost European presence
APRIL International has completed its acquisition of Expat & Co, Belgium’s top independent underwriter of expatriate insurance. The transaction notably enhances APRIL’s European presence, tapping into a thriving market centered on expatriation and international mobility.
Broadening Solutions and Enhancing Health Offerings
This acquisition not only augments APRIL’s European portfolio but also amplifies its range of health products and solutions. Leveraging Expat & Co’s platform, APRIL can now offer expansive support to a diverse clientele, including universities, individual expats, and multi-national corporations spread across several European nations.
Strengthened Presence in Benelux
With APRIL Belgium already operational in Brussels since 2018, this new acquisition fortifies APRIL Group’s standing in the Benelux region. APRIL Belgium has established strong ties with a broad network of insurance brokers and partners, specializing in the design, distribution, and management of provident solutions.
Mutually Beneficial Partnership
Expat & Co is poised to benefit immensely from this merger. They will tap into APRIL International’s global expertise, particularly in areas like telemedicine and healthcare networks. Additionally, Expat & Co will leverage APRIL’s technological infrastructure, aiming to streamline the international healthcare experience for its customers.
Leadership Insights
Eric Maumy, APRIL Group’s Chairman, expressed his delight over this acquisition, underscoring it as a testament to APRIL’s aspiration of becoming a global frontrunner in insurance distribution. Isabelle Moins, APRIL International’s CEO for Europe, emphasized the dynamic potential of the Belgian market, citing its robust ecosystem of global and European entities. She also acknowledged Expat & Co’s reputation among expats and students, expressing eagerness to collaborate with Filip Declercq and his team.
Filip Declercq, the founder of Expat & Co, conveyed optimism about joining the APRIL group. He emphasized that partnering with APRIL, known for its unmatched IPMI expertise across continents, offers a multitude of growth opportunities. This merger equips Expat & Co with the resources to navigate evolving industry challenges, transitioning them from a start-up to a scale-up.