Through the acquisition of URIOS, Diot-Siaci strengthens its leading position as specialized broker in client risk
Diot-Siaci, the French and European leader in insurance brokerage, announces the acquisition of URIOS to strengthen its trade credit insurance offer.
Given the predicted increase in business failures in France and abroad, the traditional trade credit insurance market could review its commitments in terms of customer risk downwards.
To face those challenges, the Diot-Siaci Group is strengthening its investments in the sector with the acquisition of 80% of URIOS. The remaining of the capital is held by Didier Monteiro, Adeline Lobey-Monteiro and the company’s management. Thanks to this operation, Diot-Siaci intends to reinforce its high value-added consulting offer to the entire financial roles in companies: credit managers, treasurers and financial directors offering them new solutions to cover the risk.
Through its dedicated trade credit insurance entity, the Diot-Siaci Group is the leading brokerage firm specializing in trade credit insurance, guarantees and financing on the French market. It also has a strong international presence as a member of the ICBA network bringing together the world’s largest independent brokers specializing in credit insurance and receivables financing.
Created in 1994, URIOS was acquired in 2012 by the Lobey-Monteiro family with the support of Naxicap Small Cap fund.
Over the last 5 years, URIOS has performed an average annual growth of more than 14% and forecasts a 2022 turnover of €16.5 million. The group’s DNA consists of a unique know-how in financial analysis and strategic intelligence in order to validate the solvency, sustainability and probity of companies in real time.
With this unique expertise in terms of client and supplier risk assessment, URIOS has developed an innovative “single line” trade credit insurance offer in partnership with major insurance players. These guarantees supplement the needs of suppliers for one or more of their buyers when market capacities are insufficient. The “reverse” guarantee is, moreover, the pillar of supply chain finance, a genuine business financing tool and growth accelerator.
Finally, URIOS publishes and markets Cash & Credit, a software for the automation of collection and credit management. This solution emphasizes the strategic role of receivables management in companies.
“The acquisition of URIOS, alongside Didier Monteiro, Adeline Lobey-Monteiro and the management team, opens up new outlooks for providing high value-added solutions to corporate finance departments, both in trade credit insurance and in financing such as supply chain finance, as well as in financial and strategic analysis,” say the directors of Diot-Siaci,
Pierre Donnersberg and Christian Burrus.
“Joining Diot-Siaci is an opportunity for URIOS to accelerate the growth of our innovative offers in France and abroad. More than ever, URIOS is at the sides of companies to help them with their risk, working capital and cash flow issues”, underline
Adeline Lobey-Monteiro and Didier Monteiro.
Diot-Siaci is a leading multi-specialist insurance and reinsurance brokerage and consulting group in France and Europe, with a presence in Asia, the Middle East and Africa. It designs and develops innovative, tailor-made solutions for its clients – large companies, SMEs and professionals – in the areas of personal insurance, property insurance and liability insurance. Diot-Siaci has a stable, family-owned shareholder base that enables it to support its clients in their transformation by meeting their needs across the entire value chain in Property & Casualty, Social Protection and Consulting, Trade Credit Insurance, Bonds and Financing. With nearly 5,000 employees and a vast international network, the Group is active worldwide and will achieve a turnover of nearly €730m in 2021.