AssurCopro acquires Interassurances

The leader in insurance brokerage dedicated to condominiums acquires the French specialist in rent guarantee

AssurCopro, the French leader in insurance brokerage dedicated to condominiums, has announced the acquisition of the Interassurances group, the French specialist in rent guarantee and landlord home insurance with a business volume of circa €12 million in 2016. AssurCopro has acquired 100% of the group on December 20th, 2016.

Founded and managed by Gérard and Richard Deray, Interassurances is the French leader in online rent guarantee insurance, with more than 10,000 individual contracts subscribed each year for a portfolio of around 65,000 insured properties. It offers insurance products (rent guarantee insurance, landlord home insurance, legal insurance and multi-risk home insurance) to property managers (around 1,300) and independent property owners directly or via its network of over 130 partner brokers.
Drawing on its capacity for innovation, Interassurances launched “Cherloc” in 2014, the first ever tenant document certification service for property managers. Cherloc is designed to verify the completeness, authenticity and eligibility of tenant documents for rent guarantee insurance purposes prior to the signing of the lease.
This is AssurCopro’s first acquisition since the investment in the company at the end of September 2016 by Eurazeo PME, the Eurazeo subsidiary specializing in mid-cap companies.

This transaction will allow Eurazeo PME, the founders, Vincent Mancel and Olivier Scemama, as well as the managers of AssurCopro to accelerate the group’s development.
Furthermore, this transaction will enable AssurCopro to consolidate its position as market leader by adding rent guarantee and landlord home insurance to its product range. The Interassurances IT team and its technological contribution will also help bolster the group’s organization. Finally, the AssurCopro and Interassurances teams are highly complementary with no opposite numbers.