Adelaïde Group continues its dynamic growth and further strengthens its presence across Europe
Adelaïde Group continues its dynamic growth and further strengthens its presence across Europe
With a turnover of €450 million in 2024 – up 12.5% – Adelaïde Group has reached a new milestone in delivering its strategic plan, Better Future 28, which aims to position the company as Europe’s leading independent, family-owned insurance brokerage group. The Group reaffirms its ambition to achieve €800 million in revenue by 2028.
Solid performance and sustainable growth momentum
During the annual results presentation, Benjamin Verlingue, CEO of Adelaïde Group, joined by Deputy CEOs Audrey Verlingue and Gilles Bénéplanc, highlighted the strength of the Group’s business model, built on solid organic growth (+10%) and a targeted acquisition strategy.
“The 2024 results confirm the relevance of our strategy and the strength of our independent, family-owned model. The Better Future 28 strategic plan, launched just nine months ago, reflects our shared ambition: to become a European leader in insurance broking, while staying true to our core values of excellence, proximity, and innovation in service of our clients,” stated Benjamin Verlingue.
2024: a year of strategic acquisitions
Adelaïde Group strengthened its strategic footprint in the European insurance broking market with four acquisitions, reflecting its ambition to broaden its expertise and expand its geographic reach:
- DUNE (France): This MGA (Managing General Agent), specialising in construction insurance, enables the Group to expand its capabilities in insurance distribution.
- MBB and Brixia Broker (Italy): Two insurance brokerage acquisitions that strengthen the territorial coverage of Inser, Verlingue’s Italian subsidiary.
“These acquisitions demonstrate our proactive approach to external growth. They allow us not only to diversify our offering, but also to reinforce our European presence while maintaining our industrial and long-term approach,” explained Audrey Verlingue.
2024 highlights: a year of growth and transformation across the Group
In 2024, Adelaïde Group sustained its growth momentum with solid results and strategic investments across its business units:
- Verlingue reported revenue of €314 million, up 10%. The year was marked by strong commercial performance and major investments in IT systems, enhancing its competitiveness and client support capabilities. With steady expansion in France and across Europe—particularly via acquisitions in Italy and Switzerland—Verlingue consolidated its position in the brokerage market. International operations accounted for 37% of Verlingue’s revenue in 2024. Notably, Vincent Harel has been appointed CEO of Verlingue and will take office on 28 April 2025.
- Cocoon, the Group’s subsidiary focused on individual health insurance, continued its portfolio restructuring by optimising digital channels, improving customer experience, and supporting profitable growth. It generated €13 million in revenue. In 2024, Cocoon expanded its activities in the “Group leavers” segment, signing 12,000 new contracts.
DUNE, acquired in 2024 and specialising in construction insurance, is aiming to become a key player in the underwriting market. It has already underwritten €10 million in premiums through a network of 650 brokers, showcasing its strong strategic potential and the added value it brings to the Group’s offering.
Looking ahead
Gilles Bénéplanc, Deputy CEO of Adelaïde Group, commented:
News
Vincent Harel has been appointed Chief Executive Officer of Verlingue, effective from 28 April 2025
Vincent Harel has been appointed Chief Executive Officer of Verlingue, effective from 28 April 2025
The Adelaïde insurance brokerage group – comprising Verlingue, Génération, Cocoon, and DUNE – has announced the appointment of Vincent Harel as Chief Executive Officer of Verlingue. He will report directly to Benjamin Verlingue, President of Verlingue and CEO of Adelaïde Group. In this role, Vincent Harel will also serve as a member of the Adelaïde Group Executive Committee.
“Vincent’s appointment marks an important step in the implementation of our new strategic plan, Better Future 28. His professionalism and energy will help us strengthen our position across all the sectors in which we operate, fully contributing to the Group’s ambition to become the leading family-owned insurance brokerage firm in the European market,” said Benjamin Verlingue.
Vincent Harel was most recently Co-CEO of Marsh McLennan France (since 2023) and President of Mercer France (since 2019), a leading insurance brokerage and HR consultancy firm where he began his career in 2003. Over the years, he held various roles in management, consulting, and business development.
A graduate of ESSCA (2000), where he now also serves as President of the Alumni Association, Vincent Harel started his career in management and organisational consulting at Capgemini Consulting.
“It’s a great pleasure to be joining the next phase of Verlingue’s growth within the Adelaïde Group. I know I can count on highly committed teams, both in France and across Europe, and I firmly believe our position as a family-owned, independent group is a real strength,” said Vincent Harel.
News
Verlingue has been accredited as a Lloyd’s Broker
Verlingue has been accredited as a Lloyd’s Broker
Verlingue has become an accredited Lloyd’s Broker, opening up new opportunities for insurance coverage on the London market.
Verlingue, the international insurance broker of the Adelaïde Group—of which Inser is a part—has officially become an accredited Lloyd’s Broker, marking a significant milestone in the Group’s strategy to strengthen its position in the European insurance market. This accreditation, together with the launch of the new Verlingue London Markets Europe subsidiary, enables Inser to further expand its international reach by providing clients with direct access to the Lloyd’s market—the world’s largest marketplace for insurance and reinsurance.
This recognition opens the door to even more specialised insurance solutions for clients and partners, particularly in the areas of Property, Casualty, Motor Fleet and Specialist Lines. In addition, the creation of a dedicated Marine division allows Verlingue to offer full coverage across all marine insurance lines, further consolidating its expertise in this segment.
Barry Reynolds, Executive Director of Verlingue London Markets Limited, will lead this new phase of expansion. As he stated:
The support of Verlingue and strong relationships with international brokers played a decisive role in achieving this result, as underlined by Benjamin Verlingue, Chairman of Adelaïde Group: