Marsh acquires Aalst-Based Trade Insure NV

New York, NY   |   Wednesday, 07 January 2015

Marsh, a global leader in insurance broking and risk management, today announced that it has acquired Aalst-based Trade Insure NV, a leading distributor of credit insurance policies in Belgium. Terms of the transaction were not disclosed.

Founded in 1990, Trade Insure is focused mainly on the provision of trade credit insurance, a solution that can help to improve cash flow, reduce costs, lower borrowing rates and increase funding, as well as protect against bad debts. Starting January 2015, the combined entity will trade under the name of Marsh Trade Insure and include all members of Marsh’s existing trade credit team in Belgium as well as all colleagues from Trade Insure. The Aalst-based team will also serve clients through Marsh’s offices in Brussels, Antwerp, Roeselare, Liège and Luxembourg.

Flavio Piccolomini, CEO of Marsh Continental Europe, said: “I am delighted to welcome the experienced team from Trade Insure to Marsh. Trade Insure has developed a compelling credit insurance offering for both SME and multinational clients across Belgium. When combined with Marsh’s capabilities, we will be able to offer them world-class services and solutions.”

Luc Gillijns, Managing Director of Trade Insure NV, added: “This transaction is exciting news for both our clients and colleagues. Our clients will have access to a wider range of products and services and our colleagues will have enhanced career opportunities.”

Henri Steyaert, CEO of Marsh Belgium and Luxembourg, commented: “The combination of Trade Insure’s broad Belgian client base with Marsh’s regional and global capabilities will enable us to deliver an unparalleled range of solutions to clients in Belgium and abroad at a time when many of them are looking for the protection trade credit insurance can offer.”

As the leading trade credit insurance broker in the Belgian market, Marsh Trade Insure will be able to offer a broad range of insurance solutions and advisory services to clients. Alongside traditional insurance design, placement, and claims handling, it will provide specialty solutions for political risk and structured credit, as well as other services such as non-financial bonds.

About Marsh

Marsh is the world’s leading insurance broker and risk advisor. With around 40,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services.  Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over $17 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses:. Marsh, Guy Carpenter, Mercer  and Oliver Wyman.  For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.