HomeList of latest newsSIACI SAINT HONORE results up by 25% as it confirms its breakthrough into the top three in its sector

SIACI SAINT HONORE results up by 25% as it confirms its breakthrough into the top three in its sector

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Published on 4/17/19
The SIACI SAINT HONORE group, a leading provider of consulting and brokerage services in corporate property and personal insurance, has announced gross turnover of €437.5 million for 2018, up by 25% on 2017, and is now one of the top three players in its sector in France.
2018 marked a key phase in the development of SIACI SAINT HONORE which saw its turnover jump by 25% from €350.1 million in 2017 to €437.5 million in 2018 as a result of its internal and external growth dynamic. By reaching the first three steps of the podium, the Group confirms the relevancy of its model based on the independence and entrepreneurship of its management and shareholders.

Despite a less buoyant sector in 2018, SIACI SAINT HONORE continued to win business across all of its markets with solid internal growth of 7% (€25 million in absolute terms) supported by an ambitious policy of targeted acquisitions and partnerships which generated an 18% increase in turnover.

Toutes branches confondues, l’international représente un chiffre d’affaires de 146 M€ (contre 94 M€ en 2017), soit désormais 1/3 de l’activité totale, tandis que la France pèse 292 M€ (contre 256 M€ en 2017. The personal insurance division (life & disability, health, consulting and international mobility) grew by more than 11% compared to 2017, reaching €259 million in 2018. In the Property, Casualty & Marine division, turnover in the Corporate Risks and Insurance division leapt by more than 50% to €178 million, driven by significant investments abroad through partnerships with Cambiaso Risso (marine insurance), Driesassur (gemstone insurance) and in regional France with CLC Assurances (in Bordeaux).

« Across all divisions combined, international business saw turnover of €146 million (against €94 million in 2017), now representing one third of the business as a whole, while France accounts for €292 million (against €256 million in 2017). “SIACI SAINT HONORE had another very good year in 2018 and pursued its development both in France and internationally. In a less favorable environment, the Group achieved commercial success in most of its business lines. For the first time, by becoming the third largest marine broker in the world, we are in a position of global leadership”, said Hervé HOUDARD, Managing Director and Vice-Chairman of the Executive Board of SIACI SAINT HONORE.
“In 2018, we carried out several key operations, predominantly in Italy, with strategic partnerships and targeted investments aimed at strengthening us, both in consulting and the coverage of niche risks. This policy will be stepped up in 2019-2020”, explained Pierre DONNERSBERG, Chairman of the Board of SIACI SAINT HONORE.
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