Date of Foundation: 1901
Location: Levallois Perret
Sales: c. EUR 240M
Date of equity investment: November 2006
In 2006, Groupe Chevrillon seized control of Albingia, an insurance company created in Hamburg in 1901 and specializing in industrial and construction risks. Established in France in 1962, it later became a subsidiary of the AXA Group. It is now a renowned expert in the field of enterprise risk management, as well as one of the most creditworthy market players with a solvency ratio nearly seven times higher than the required minimum. Albingia’s 2012 sales reached 205 million euros, and the company made a net profit of 34.7 million euros.