Eurodommages joins Ascentiel Groupe, a portfolio company of Cobepa. Eurodommages is a French MGA specializing in non-standard motor insurance and selected B2B segments. This is Ascentiel's first transformational acquisition since Cobepa's investment in December 2024, in line with its strategy to complement organic growth in France and internationally with targeted acquisitions.
Through a wholesale network of 5,000 brokers in France, Eurodommages currently distributes and manages 35,000 policies in non-standard motor and professional lines (including construction, professional liability and motor fleets). Eurodommages operates with full binding authority from its tier 1 insurance and reinsurance partners, and its expertise covers the entire value chain from pricing to claims management (including bodily injury claims).
The acquisition will create a French leader in distribution of specialty motor insurance for non-standard risk profiles and further strengthen Ascentiel's existing presence in professional lines. It also marks an important first step in the execution of Ascentiel’s growth strategy, creating a specialty brokerage platform with an even more diversified distribution set-up and a potential for replicability abroad.