Luxembourg-based insurer Foyer S.A. has announced the completion of its acquisition of Globality S.A., after receiving regulatory approval from the Commissariat aux Assurances.
The new company is composed of Foyer Global Health, the business line of Foyer Group dedicated to international health insurance, and Globality Health, formerly part of ERGO Group AG.
The acquisition is an important milestone for the companies. Foyer Global Health aims to accelerate the expansion of its business while Foyer and ERGO have agreed on the extension of the long-standing distribution and service partnership previously established between Globality, ERGO and DKV. It will also offer advanced digital tools and a dynamic environment for the merged companies to grow.
François Jacquemin, CEO of Foyer Global Health and Globality S.A., said: “We are looking forward to providing our clients with the best of both worlds: Foyer Global Health and Globality Health. Both have years of expertise as premium health insurance providers for corporate expat communities as well as individual policyholders.”
Cornelia Roeskau, Managing Director of Globality S.A., added: “Foyer is investing in the IPMI market, which brings significant benefits to our clients and partners. We look forward to joining forces to generate more growth in this area.”
The new combined entity is now focusing on the integration stage of its resources. Stability and continuity are the guiding principles of the merger. Foyer Global Health and Globality Health are working closely together to create a seamless transition for its clients and partners.
For more information, please contact:
Foyer Global Health Marketing & Communication
Tel: +352 437 43 4256 Email: [email protected]