Kereis closes acquisition of Santiane
to bolster its personal insurance portfolio
Kereis and Santiane complete their merger to open a new chapter of growth
We are reaching a decisive milestone in our history. Kereis today announces the completion of its acquisition of the Santiane group, a recognised player in insurance distribution, particularly in individual health and protection insurance.
Together, we are creating a stronger combined entity, bringing together complementary expertise in distribution, management and services across loan insurance, health, protection and P&C insurance.
Complementary Expertise Serving a Shared Ambition
This merger strengthens our positions in the strategic markets of health and individual protection insurance. Santiane brings a proven capacity for commercial growth, a deep understanding of individual customer needs, and established expertise in customer relations and remote distribution.
These capabilities complement those we have been developing for more than 35 years in the design, distribution and management of insurance solutions. This consolidates our leading positions in France: we are now #2 in wholesale insurance brokerage for personal lines, #1 in home loan and consumer credit insurance, and #1 in individual health and protection insurance.
An Evolving Governance to Support This New Chapter
This transaction comes with an evolution of our governance. Pierre-Alain de Malleray joins the group’s Supervisory Board as Vice-President. Brice Le Houérou joins the Executive Committee as Deputy Chief Executive Officer in charge of wholesale brokerage and direct sales activities. He retains his role as Chief Executive Officer of Santiane. He is also appointed Chairman of Kereis Solutions.
We warmly welcome the Santiane group’s teams into the Kereis family, in the continuation of an entrepreneurial culture and a commitment to service excellence that we have always shared.
Accelerating Our Growth and Creating New Opportunities
With the integration of Santiane, the combined group now represents nearly 20 million clients served, over 2,000 Kereis team members across 7 European countries, and €550 million in revenue.
This merger allows us to combine our networks, our expertise and our distribution capabilities to accelerate our commercial momentum and offer our clients and partners a broader range of solutions. It also fosters new collaboration between teams and the development of commercial synergies across our different business lines.
We are thus continuing our development around three priorities: accelerating the growth of our various business lines, further raising service quality and satisfaction for our clients and partners, and building an ever more integrated group, drawing in particular on technology and artificial intelligence as drivers of efficiency and transformation.
“We Are Opening a New Chapter of Growth”
Anne-Sophie Grouchka, President of Kereis, states: “I am particularly delighted to welcome the Santiane group’s teams to Kereis. This merger is, first and foremost, the coming together of two groups that share the same entrepreneurial culture, the same commitment to service excellence, and a common ambition for growth. I extend a warm welcome to Pierre-Alain and Brice, and I am especially glad that they have chosen to continue this journey alongside us. Today, we are opening a new chapter of growth for Kereis and Santiane, with one simple conviction: together, we now have more resources to shape what comes next and lead the way.”
A New Dimension for Kereis in Europe
With the integration of the Santiane group, we continue our development strategy and strengthen our presence across the entire personal insurance value chain. We build on the complementarity of our expertise, the strength of our distribution networks, and the commitment of our teams to drive our growth, in France and across Europe.
With Santiane, a new page is being written.
Together, we continue to lead the way in the insurance of tomorrow.
