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DRIESASSUR enters in exclusive talks in order to join the SIACI SAINT HONORE group

Paris, 17TH of July

SIACI SAINT HONORE, one of the leading providers of brokerage and consulting services with its Headquarter in France, and Driesassur, the market leader worldwide for the insurances for diamond trade, announce that they enter in exclusive talks with a view to join their forces before the end of the year.

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SIACI SAINT HONORE, led by Pierre Donnersberg, and Driesassur, led by Alain Spruyt, announce that they enter in exclusive talks to merge their companies before the end of the year.
Alain Spruyt will join the shareholding of SIACI SAINT HONORE simultaneously. He will assist the Executive Committee of the Group in its international development.

Thanks to the combination of the strong operations of SIACI SAINT HONORE in the jewelry insurance area and the ones of Driesassur in the global insurance of the diamond industry, the new organization will be of a size second to none.

Besides, it will enable the SIACI SAINT HONORE Group to fasten its development abroad in Industrial Risks and Health and Protection, especially in the countries where Driesassur is present (Belgium, Dubai, USA, Hong Kong, South Africa); it will also reinforce Driesassur's ability to develop new clients within SIACI SAINT HONORE's portfolio in France, Asia, Middle East and Americas. Size does matter.

About SIACI SAINT HONORE

SIACI SAINT HONORE, one of the leading providers of brokerage and consulting services in the French insurance market, supports large and mid-cap companies in the management of their property and personal insurance risks in France and around the world. The Group designs and develops customized solutions for its corporate clients in Property and Casualty, Marine and Cargo, Employee Benefits, Retirement, HR Strategy and Total Rewards and International Mobility. SIACI SAINT HONORE services encompass the entire value chain from risk management consulting to the management of insurance plans. The firm has currently 2,500 employees worldwide, insures 2.5 million individuals and reported turnover of €350 million in 2017.

About DRIESASSUR

Driesassur is a family owned business, where Alain represents the third generation of insurance brokers specialized in the diamond trade. He built it from a local office in Antwerp with his father, grandfather and 4 employees to an international player with a Team of over 100 specialists, represented in all major diamond centers of the world. The most important diamond companies across the globe are insured with Driesassur. In recent years they had a significant expansion in the art world with an important focus on artist studios, and now growing strongly with galleries and important private collectors. Driesassur have been Lloyd’s Cover Holders for many years and always put service first.

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