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4-Traders Homepage  >  Equities  >  Euronext Paris  >  APRIL    APR   FR0004037125

APRIL (APR)

Delayed Quote. Delayed  - 05/31 01:29:56 pm
11.83 EUR   +0.68%
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APRIL : strengthens its international travel and expatriate insurance activity with the acquisition of MediCare International in the United Kingdom

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04/17/2012 | 03:52pm CEST

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 employees. 

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 a 

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 new 

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, the 

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 Lloyd's 

offering of personal insurance solutions while strengthening its international network of specialised brokers 

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.

Contact

Jean-Marc ATLAN

EKNO

Adviser to the CEO

+33 (0)6 07 37 20 44

jean-marc.atlan@ekno.fr
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