Since August 6, 2021, the Belgian insurer Federale Verzekering has become the full shareholder of BDM. Federale Verzekering has taken over the activities of BDM as a managing general agent with regard to Property & Casualty insurance (fire, car, other risks and pleasure craft).
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.