Insurance broker Vanbreda expands in West Flanders

Vanbreda Risk & Benefits, the largest insurance broker in Belgium, strengthens its presence in West Flanders with the acquisition of Soenen Verzekeringen.

Vanbreda Risk & Benefits chain of acquisitions. Last year and in 2020, the broker concluded three major transactions, bringing its turnover to nearly 140 million euros. Added to this is now Soenen Verzekeringen, a West Flanders insurance specialist for SMEs.

Soenen made last year a turnover of 2.3 million euros, has 16 employees and has offices in Poperinge, Roeselare and Ypres. Thanks to the takeover of Soenen, Vanbreda can increase its expertise in the SME market and the company will have a much stronger footprint in West Flanders.

“Thanks to this partnership, we are once again expanding our geographical footprint”, assures in a press release Pedro Matthynssens, CEO of Vanbreda, for whom the takeover of Soenen might not be enough. Pedro Matthynssens has already indicated that he wants Vanbreda Risk & Benefits to become a company with a turnover of 200 million euros.

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