THE SIACI SAINT HONORE GROUP AND DRIESASSUR HAVE FORMED A NEW LEADING BROKER IN THE JEWELLERY INSURANCE MARKET

SIACI SAINT HONORE, one of the leading providers of brokerage and consulting services with its Headquarter in France, and Driesassur, the market leader worldwide for the insurances for diamond trade, announce that they have completed the partnership through a share swap to foster a strong positioning in jewellery insurance area.

SIACI SAINT HONORE, led by Pierre Donnersberg, and Driesassur, led by Alain Spruyt, are both, together with the teams delighted that this deal could be finalized so quickly. In the context of this closing, Alain Spruyt has joined the shareholding of SIACI SAINT HONORE. He will assist the Executive Committee of the Group in its international development.

Thanks to the combination of the strong operations of SIACI SAINT HONORE in the jewelry insurance area and the ones of Driesassur hundred specialists in the global insurance of the diamond industry, the new organization will be of a size second to none in its sector both in terms of total premiums and insured values.

Besides, it will enable the SIACI SAINT HONORE Group to fasten its development abroad in Industrial Risks and Health and Protection, especially in the countries where Driesassur is present (Belgium, Dubai, USA, Hong Kong, South Africa); it will also reinforce Driesassur's ability to develop new clients within SIACI SAINT HONORE's portfolio in France, Asia, Middle East and Americas. Size does matter.