At the closing of the transaction between Federal Insurance and Navigators Group regarding the acquisition of the authorized underwriting activities of BDM, which is scheduled for 2021, Federal Insurance will take over the entire shareholding of BDM.
About Federal Insurance
Federal Insurance offers a full range of insurance, savings and investment solutions for companies, self-employed and individuals. As a mutual insurer, without external shareholders, Federal Insurance puts the customer first and shares the profit with them.
Federal Insurance was founded in 1911 on the initiative of a group of entrepreneurs. The Belgian construction sector remains one of its main target groups. With a total market share for non-life insurance of 1.4% and a total consolidated balance sheet of € 4.4 billion (2019), Federal Insurance is one of the top 15 insurers in Belgium. The Federal Insurance Group (including Optimco) employs 734.1 full-time equivalents (on 31/12/2019) and realized a premium income of € 521.1 million in 2019. Its sales network of more than 60 advisors, its 35 offices, its 5 regional head offices and its 2 Business Centers (Mons and Antwerp) cover the entire country.