Albingia is a well-established French damage insurance company founded in 1962.
The company is a leading player in engineering and construction insurance in France, which represents over 60 per cent of Albingia's yearly written premiums.
Albingia has an established reputation for the technicality of its insurance products and its high levels of service.
The company serves a network of over 2,500 brokers, its main client base being small and medium sized companies
Between 2003 and 2006, Albingia developed its traditional markets, increasing yearly written premiums by 26% while reinforcing significantly its regulatory solvency ratios.
Equistone sold its stake in the company to Chevrillon & Associes and IDI, generating a 6x investment multiple for Equistone funds.