Foyer Completes Acquisition of Globality
Luxembourg’s leading insurer Foyer in July 2023 announced the completion of the acquisition of iPMI carrier Globality from ERGO Group, after receiving approval from the regulator, Commissariat aux Assurances.
The new company includes Foyer Global Health, the international health insurance and services provider for globally mobile people within Foyer Group, and Globality Health, previously part of ERGO Group, which in turn is owned by Munich Re.
Foyer Global Health aims to accelerate the expansion of its business while Foyer and ERGO have agreed on the extension of the long-standing distribution and service partnership previously established between Globality, ERGO, and DKV. It will also offer advanced digital tools and a dynamic environment for the merged companies to grow.
“We look forward to providing our clients with the best of both worlds: Foyer Global Health and Globality Health, both having years of expertise as premium health insurance providers for corporate expat communities as well as individual policyholders.”, explains François Jacquemin, CEO of Foyer Global Health and Globality. “Foyer is investing in the iPMI market, which brings significant benefits to our clients and partners. We look forward to joining forces to generate more growth in this area.”, added Cornelia Roeskau, Managing Director of Globality.
The company further stated:” the new combined entity is now focusing on the integration stage of its resources. Stability and continuity are the guiding principles of the merger. Foyer Global Health and Globality Health are working closely together to create a seamless transition for its clients and partners.”