M&A Deal Summary

Somers Re Acquires Axeria IARD

On April 9, 2021, Somers Re acquired insurance company Axeria IARD from April

Acquisition Highlights
  • This is Somers Re’s 1st transaction in the Insurance sector.
  • This is Somers Re’s 1st transaction in France.

M&A Deal Summary

Date 2021-04-09
Target Axeria IARD
Sector Insurance
Buyer(s) Somers Re
Sellers(s) April
Deal Type Divestiture

Target

Axeria IARD

LYON Cedex, France
Axeria IARD is a French insurance company specializing in non-life insurance, present in this market for 27 years serving the brokerage network. Axeria IARD offers a range of simple, high-performance products that are resolutely adapted to the needs of professional clients and companies to cover their risks. Axeria IARD is based in LYON Cedex, France.

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Buyer(S) 1

Buyer

Somers Re

Pembroke, Bermuda

Category Company
Founded 2013
Sector Insurance
Revenue 544M USD (2019)
DESCRIPTION

Somers Re is a global property and casualty insurance and reinsurance company. Somers Re was founded in 2013 and is headquartered in Pembroke, Bermuda.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

April

Lyon, France

Category Company
Founded 1988
Sector Insurance
DESCRIPTION

April is a wholesale broker for consumer and SME insurance with a mid-sized consumer credit broker and several international subsidiaries. April was formed in 1998 and is based in Lyon, France.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 Expat & Co

Ternat, Belgium

Expat is an independent underwriter of insurance for expatriates in Belgium and offers a platform of solutions to support its customers made up of universities, individuals and companies, including multinationals based in several European countries. Expat was founded in 1996 and is based in Ternat Belgium.

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