Econostrum | Economic News in the Mediterranean



Insurance broker Verlingue buys out its Portuguese counterpart Luso Atlântica

Luso Atlântica has three locations in Portugal (photo: Luso Atlântica)
Luso Atlântica has three locations in Portugal (photo: Luso Atlântica)
PORTUGAL / FRANCE. The French broker Verlingue (€2.2 bn premiums negotiated and 1200 employees), the insurance brokerage subsidiary of the Adelaide Group (€2.6 bn premiums and 2 100 employees), announces, on Thursday 10 December 2020, the signing of a contract for the acquisition of Luso Atlântica. Established in Lisbon, Porto and Portimao, Portugal's fifth largest independent broker employs a hundred or so employees for €12m in turnover and €100m of managed portfolio. It specialises in corporate risk protection and management.

The governance of Lusa Atlântica will be retained. "Our international success is based on strong local management teams in each country. With the acquisition of Luso Atlântica, we are integrating into the group a committed team of experts who will fully participate in our ambition to become a major player in Europe", comments Benjamin Verlingue, Director of Verlingue's international subsidiaries. The Adelaide Group has already carried out several external growth operations in Great Britain (via Verlingue) and Switzerland (under the Advantis, S&P and Meex brands).

It has been present in Portugal since 2015 with its subsidiary Génération, a broker (250 employees) dedicated to the management of provident and healthcare benefits.

Eric Apim

Thursday, December 10th 2020

Article read 428 times

Articles which should interest to you
< >

Thursday, April 15th 2021 - 18:25 Libya's economic outlook: Oil fuel for future investments €

Thursday, April 15th 2021 - 15:34 Libya's economic outlook: A huge cake to share €


From "free and democratic Algeria" to "civil and non-military state"

Razika Adnani, philosopher and specialist in issues related to Islam, member of the Orientation Council of the Fondation de l'Islam de France, of the Scientific Council of the CEFR and of the analysis group JFC Conseil
Grand angle

News feed

Follow us
YouTube Channel

News by area

Algeria Egypt Spain France Greece Israel Italy Jordan Lebanon Libya Morocco Portugal Syria Tunisia Turkey Europe MENA