Predict your next investment

Corporation
verlingue.com

See what CB Insights has to offer

About Verlingue

Verlingue is a specialist corporate insurance broker.

Verlingue Headquarter Location

12 rue de Kerogan

Cedex, 29335,

France

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Verlingue News

Verlingue CEO on the advantages of having an independent spirit

May 11, 2022

| Insurance Business UK The beating heart setting the direction of travel for Verlingue is the belief which underpins everything it does – that its family-run, independent broker dynamic offers the firm a significant advantage and differential in the current insurance marketplace. For while the global brokers and consolidators are increasingly busy, noted CEO Mike Latham (pictured), he believes this is likely to present them with challenges around team engagement in the long run. “The difference for us is that sense of belonging and that engagement, and the ability to take longer-term decisions is a massive advantage for us,” he said. “When we’re talking to talent in the market, some of it has been a little bruised by acquisition after acquisition after acquisition. And they’re losing touch with what their culture is [and asking] is there one culture anymore, or are the consolidators an amalgamation of a number of cultures?” Having enjoyed a career in insurance that has spanned several decades and seen him take on a variety of leadership roles, Latham is well-placed to appreciate that having the right culture and engagement is not just beneficial to your team, but also to your clients. Verlingue’s position in the market is aimed at the large SME to small corporate mid-market space, he said, where clients want a good level of resources but also demand a high level of engagement and strong relationships. Verlingue’s dedication to understanding the unique needs of each of its customers and its bespoke approach to meeting those needs was reflected in its Investor in Customers Gold Award for 2021, he said, and the necessity of that approach is only gaining momentum. “The Verlingue model has been the same, certainly since I joined [Finch as it was then] in 2012,” he said. “But the importance of its differentiator has only increased and I think that’s due to the market moving. There is a large number of clients that have always valued the consultative, risk-based approach, and the trusted advisor. I don’t necessarily think that those customers have changed in their outlook but I think there are fewer [brokers] in the market able to deliver for those customers now.” To maintain the ethos that keeps Verlingue marching to the beat of its own drum can be a tough balance to strike, Latham said, as it is an ambitious organisation that is looking to grow but not at the expense of onboarding clients that don’t align with its modus operandi. “To tell potential customers that we don’t think we’re the right broker for them is often difficult,” he said, “but it’s also genuinely liberating to be in a position to say, “we don’t really think our proposition matches what you’re looking to achieve.” That if this is a three-year round-robin to drive your insurance spend to the lowest possible price, then we’re not your broker. But if you want longevity and you want somebody to understand your organisation and deliver on that understanding, then we are.” It’s a model that has worked very well for the business to date, and Latham is confident that the future holds more of the same. In the market now, he said, you’re seeing the consolidators start to consolidate each other which conveniently leaves a substantial gap for independent brokers to capitalise on – something Verlingue is keen to do in the mid-market space. Examining what the future holds, he highlighted that though the broker’s focus is on blending organic and inorganic growth, Verlingue will always “bet the farm” on organic growth. Organic growth is more certain, in a less certain way, he said, because while you have to win new clients, by exhibiting high levels of structured activity and having a strong proposition you are in a robust position for success. Organic growth doesn’t always come in a straight line, he said, at times you’re more successful than others but over the course of a year, it tends to level out. Verlingue is keenly targeting growth in its employee benefits business, which, Latham noted, is probably the fastest-growing element of the Chartered broker. Its corporate versus employee benefits divide is about 80:20 at the moment, he said, but the team is looking to increase that to 60:40 by the end of 2024. Tying together a strong employee benefits and corporate offering elevates both, as Verlingue’s first conversations with clients are about understanding the risk in their business - and people risk is always high on the agenda. To ignore that to get to a standard insurance solution is negligent, he said, and the business is always looking for ways to bring those elements together as a single proposition rather than distinct silos.

Verlingue Acquisitions

3 Acquisitions

Verlingue acquired 3 companies. Their latest acquisition was Luso Atlantica on December 10, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/10/2020

$99M

Acquired

1

8/2/2018

Subscribe to see more

$99M

Subscribe to see more

10

10/25/2017

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/10/2020

8/2/2018

10/25/2017

Investment Stage

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

Subscribe to see more

Subscribe to see more

Sources

1

10

10

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.