AFI Assurances sold to Active Assurances

AFI Assurances, specialist health insurancebroker, merges with Active Assurances group

AFI Assurances is an independent French insurance broker, specialised in digital health, accident and life insurance for B2C customers.

The company, founded in 1996, is led by its founder, Frédéric Bacmann. With a growth in its business of 25% per year, AFI Assurances has become a leading independent health, accident and life insurance broker in France.

As part of the transaction, Frédéric Bacmann will become a partner alongside the founders of Active Assurances (Didier Naccache, Thomas Riottot, Denis Salmoiraghi) supported by Activa Capital and Bpifrance in the last nine months. The new group will have total sales of over €20 million.

This transaction allows Active Assurances to develop an additional savoir-faire alongside its non-life products and to grow its range of solutions for its insurance partners. This partnership demonstrates Activa Capital’s capacity to accompany entrepreneurial management teams, transforming growth SMEs and structuring build-up opportunities.

Thomas Riottot, Founding Director of Active Assurances, said: “In May 2018, we chose Activa Capital for its savoir-faire in build-ups. We are very pleased with this first transaction with AFI Assurances and proud to welcome Frédéric Bacmann, who shares our entrepreneurial vision, into the new group. The complementarity of our companies and products will allow us to accelerate our development and strengthen our relationship with our insurance company partners. By integrating both of our wholesale activities, respectively Visual and Wazari, we will have more than 1000 active brokers who will benefit from a full range of non-life, life and health insurance products.”