iPMI: Foyer Acquires Globality Health From ERGO
Foyer and ERGO to develop a distribution and international service centres partnership
Foyer, Luxembourg’s leading privately owned financial group, in March 2023 acquired Globality Health from ERGO Reiseversicherung (Ergo Travel Insurance), part of ERGO Group. ERGO is the retail division of Munich Re.
Leadership in international health insurance
With this acquisition, Foyer is investing in a high-potential business sector and strengthening its position in international health insurance for expatriates, an activity it has developed since 2014 through Foyer Global Health. Globality’s team will integrate Foyer Group enabling the company to further develop its activities and accelerate growth in IPMI. Bringing together two highly competent teams and advanced digital resources will focus on delivering enhanced services to all clients and distribution partners around the world.
Strategic partnership and development of synergies
Alongside the acquisition, Globality, Foyer and ERGO are developing partnerships in the field of distribution and international service centres. For example, Foyer Global Health / Globality IPMI products and solutions will continue to be integrated into ERGO and DKV’s extensive international distribution network.
Foyer will also retain Globality’s current relationships with ERGO’s international service centres, which will be key to ensuring continuity for current customers and offer a top tier service level to all its customers around the globe.