RGF Group joins Kereis !
Kereis sets up in a new European country.
Kereis, a group of brokerage companies specialising in individual insurance, is acquiring a majority stake in RGF Group, a leading broker in French-speaking Belgium.
Founded in 2001 by Raoul Gauthier, RGF is a Belgian broker offering tailor-made solutions to its customers in terms of protection, pension, life and property insurance.
In 2022, RGF Group posted sales of €14.5m, up 15% compare to the previous year.
RGF has a strong presence in the medical professions, as does Valorielles in France, another subsidiary of Kereis Group. RGF Group also advises a clientele of company directors and self-employed professionals (in particular lawyers and notaries).
RGF Group has cultivated and developed its specialist positioning to become one of the leading brokers in the Belgian market in just a few years. Its teams are made up of around a hundred experienced specialists, including 50 sales staff based in Wallonia, with 12 branches in Brussels, Liège, Namur, Embourg, Ciney, Beaufays, Verviers, Marche and soon Lasne.
With this latest acquisition, Kereis Group is pursuing its strategy of international expansion and strengthening its life and health insurance distribution capabilities. Kereis subsidiaries are present in Italy, Germany, Spain, Portugal and now Belgium, with sales outside France expected to reach €39m by 2022.
Raoul Gauthier will continue to lead RGF, alongside his management team and Kereis’ international teams, to accelerate its growth trajectory in the Belgian market, including through acquisitions.
According to Éric Lasaygues, Deputy Chief Executive Officer of Kereis: « This new transaction will enable us to strengthen our distribution capacity and extend our European platform in consulting and brokerage. Raoul Gauthier has developed a benchmark brokerage business in French-speaking Belgium, and can count on Kereis’ support to accelerate its development, including through acquisitions of Belgian brokers. I would like to sincerely thank Raoul Gauthier and his management team for their confidence, and we welcome them to the Group. »
For Raoul Gauthier, Chairman of RGF Group: « The pan-European dimension of Kereis Group and its economic strength will enable RGF Group to consolidate its position as leader in the Belgian market. A major growth plan has been put in place. RGF Group intends to play a fundamental role in consolidating the insurance brokerage market in Belgium. Thanks to the experience and know-how of Kereis, we will be able to accelerate the pace of digitalisation and further improve our management and customer service. Last but not least, this partnership will enable us to respect our commitment to objectivity in advising our customers, while at the same time becoming stronger! All RGF Group employees are proud and motivated by this new partnership. »