Fédérale Assurance Acquires IBIS Insurance to Expand Brokerage

Fédérale Assurance, a Belgian insurer founded in 1911, has acquired IBIS Insurance, a broker-founded firm specializing in niche risks like truck/bus coverage and crop hail. The deal, terms undisclosed, preserves IBIS's operational independence and jobs, aiming to broaden Fédérale's product range and strengthen its brokering presence alongside BDM and Optimco. This consolidation in the Belgian insurance market is a modest strategic move with limited immediate market impact.