European employee benefits firm Verlingue has set itself a target of increasing its turnover by 300 per cent in the next three years by bringing new firms and individuals into its organisation.
The France-based firm is one of Europe’s largest independent, family-owned insurance brokers & employee benefits consultants, placing over €2 billion (£1.73bn) of premiums every year, and employing more than 1,100 people.
Verlingue says its family ownership model makes it a more attractive proposition for advisers looking to capitalise on the value in their business that of consolidators or private equity alternatives. It says the family ownership model supports acquired firms by protecting them from onward sale, allows greater flexibility with regard to long term investment in the business than firms with shareholders, and fosters a more agile and entrepreneurial culture than shareholder-owned or consolidator organisations.
Verlingue head of employee benefits UK Mark Pugh says: “We’re proud to have more than doubled the business over the last 5 years, and we have aspirations to achieve similar growth by the end of 2024. To support this growth trajectory, we are actively looking for talented individuals, teams and businesses who would like to join a dynamic and entrepreneurial organisation.
“We are continually evolving our customer proposition to reflect the changing needs of our clients, whether driven by global pandemics or technological revolution.”
