MediCare International is a wholesale broker specialising
in health insurance for expatriates. The company
currently generates sales of €2m with a
portfolio of retail and corporate clients and has ten
MediCare International markets its policies both directly
and through a network of 100 brokers in around
fifteen countries, mainly in the United Kingdom and
Switzerland. MediCare International is a spin-off of
stand-alone business of brokerage firm LONMAR Global Risks,
which had acquired it in 1993.
With this project, MediCare International will have an
opportunity to take an important step forward with
growth prospects by joining a group with a firm standing in
the health insurance field, both in France and
abroad. This merger is perfectly in line with APRIL's
international deployment strategy, aiming to build a
leading global network revolving around travel and
expatriate insurance and assistance. In this respect,
deal offers many advantages.
As a complement to APRIL Medibroker, the group will now
have a UK & international management platform
for its clients and will be in a position to
tap more extensively MediCare International's access to
offering of personal insurance solutions while
strengthening its international network of specialised
to market its offers.
MediCare International will be consolidated in the group's
accounts as from the second quarter of 2012.
APRIL (Compartment B, Deferred Settlement Service)
services to more than 6 million policyholders.
Sales for the first quarter of 2012 will be announced on
Monday 30 April at market close.
Adviser to the CEO
+33 (0)6 07 37 20 44