APRIL Marine sets up operations in the Caribbean
APRIL Marine, a subsidiary of the APRIL group, confirms its drive for international expansion with the acquisition of Intercaraïbes Assurances, a broker in Marin port, Martinique.
Established in 2004 by Philippe Locquet, Intercaraïbes Assurance is the specialist in the regional sailing, fishing, yacht chartering and rental fleet markets. It recorded €1.4m of premiums in 2014.
This acquisition enables APRIL Marine to set up operations in the Caribbean, in one of the largest sailing areas in the world With a fleet of 5,000 ships, Marin is today one of the four most strategic sailing hubs in the Caribbean alongside Saint Martin, Trinidad and Puerto Rico.
APRIL Marine now has operations in four regions of the world: France (Les Sables d’Olonne and Cannes), Italy (Sanremo), Canada (Montreal and Toronto) and now the Caribbean. This new site will also enable us to offer local support to Canadian and European policyholders sailing in the Caribbean, whilst meeting the high demand for boat insurance in this area.
Lionel Boismery, Chairman and CEO of APRIL Marine, comments:
“We are very pleased with this acquisition which will enable us to continue developing operations in this particularly dynamic geographical area. Philippe Locquet is now the Caribbean Director for APRIL Marine. The integration of his teams at APRIL Marine will mean organising training in the company tools and culture as well as of course sharing knowledge and expertise about this very specific market in the Caribbean and about the distribution of fishing / yacht chartering and rental fleets.”.