Charterhouse-backed Siaci Saint Honore (SSH), a leading France-based insurance brokerage and consulting firm with a strength in jewelry insurance, and Lloyd's coverholder Driesassur, the Belgium-based global market leader for insurances for the diamond trade and a jewelry and fine art insurance specialist, have agreed to join forces. Together they will become a leading broker in the jewelry insurance market, and Driesassur has informed us that this collaboration will also contribute to the range of services they are able to offer their clients in the Antwerp diamond industry, whether they are suppliers or operate at the local level.
The two brokers, with Pierre Donnersberg at the helm of SSH and Alain Spruyt leading Driesassur, announced that they have completed the partnership through a share swap to foster a strong positioning in jewelry insurance area. In the context of this closing, Spruyt has joined the shareholding of SSH, and will assist the group's executive committee in its international development. By combining the strong operations of SSH in the jewelry insurance area and those of Driesassur's hundred-plus 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.
Additionally, the merger it will enable the SSH 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 SSH's portfolio in France, Asia, Middle East and Americas.