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REVO Insurance seeks Eurocaution purchase in Benelux expansion drive
The proposed deal is valued at up to €22 million and would target more than €20 million in gross written premiums in Benelux by 2029.
REVO Insurance S.p.A. has submitted a binding offer to acquire Luxembourg-based Eurocaution S.A. as part of a planned Benelux expansion, valuing the transaction at up to €22 million, according to Reinsurance News.
Eurocaution, which operates in Luxembourg and Belgium, focuses on insurance intermediation and surety underwriting. REVO said the offer depends on negotiating and executing definitive transaction agreements, plus satisfaction of customary closing conditions including required regulatory approvals.
REVO expects the acquisition to support its international growth strategy after launching Spanish operations in November 2024. The company said adding Eurocaution would create an inorganic growth platform beyond the targets laid out in its 2026 to 2028 business plan, strengthening its position in the European surety market.
REVO also projected that the Eurocaution business could generate more than €20 million in gross written premiums across the Benelux region by 2029, and it expects only modest additional technology investment. The insurer said it plans to retain Eurocaution’s existing management, including Alessandro Rizzo, and expects him to become Branch Manager of REVO Benelux, its Luxembourg branch currently being established, subject to completion and regulatory approval.