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SIACI SAINT HONORE records a 14% jump in 2016 turnover

Paris, May 29, 2017
The SIACI SAINT HONORE Group, the second largest French insurance broker specializing in property & casualty, life & health and management consulting, announced gross turnover of 306 million euros for 2016, an increase of 14% on 2015, with strong organic growth.

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2016 was an excellent year for SIACI SAINT HONORE with a 14% increase in its activity. The life & health insurance division (life & disability, healthcare, consulting and international mobility) was particularly dynamic with strong growth of 21% compared to 2015, at €202 million. In Property, Casualty and Transport, turnover reached €104 million, an increase of 2% in a sluggish industrial risks market.

Organic growth of 12% (€31million in absolute terms) largely explains the 2016 surge.

The external growth strategy contributed 2% (€6 million in absolute terms) to the increase in turnover in 2016.

« In spite of a highly competitive environment, our teams achieved great commercial success in 2016 across all our divisions. This has enabled SIACI SAINT HONORE to consolidate its strong positions in the market », said Hervé Houdard, Managing Director and Vice President of SIACI SAINT HONORE.

Across all divisions combined, international sales in 2016 amounted to €72 million, against €234 million in France, an increase of 11% and 15% respectively compared to 2015.

« The acquisitions we made in 2016, in France and internationally, in strategic sectors such as transport, construction, special risks or human resources consulting provide us with the opportunity to build on our group's offering while also delivering strategic regional locations. This line of development will continue in 2017 », explained Pierre Donnersberg, Chairman of SIACI SAINT HONORE.

 

About SIACI SAINT HONORE
SIACI SAINT HONORE, the second largest French insurance broker specializing in property and casualty, life & health and management consulting, designs and develops customized solutions for its large, mid-cap and SME clients. The group helps these clients manage their risks across the entire value chain in Property & Casualty, Transport, Employee Benefits, Retirement, Employee Savings, Total Rewards and International Mobility. The group has currently over 2,200 employees worldwide, insures 2.2 million individuals in France and abroad and reported turnover of €306 million in 2016.

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SIACI SAINT HONORE - 18, rue de Courcelles - 75384 Paris Cedex 08 - Insurance brokerage - ORIAS no. 07 000 771 (www.orias.fr)
A French ‘Société par actions simplifiée’, with a capital of €61,057,144. Registered in the French “Registre du Commerce et des Sociétés de Paris” under number 572 059 939 - APE 6622 Z –
Regulated by the French Prudential Supervision and Resolution Authority (ACPR), 61 rue Taitbout 75009 Paris, France.

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