The result of the merger of two independent insurance brokers based in the Mayenne and Rhône Alpes regions respectively, the new Groupe LBC welcomes the NCI investment fund to its capital to support the growth dynamic initiated by this merger.
The LBC Group is the result of the merger of two players in the insurance brokerage sector, LBC Assurances and LBC Associés.
LBC Assurances (Lamy Bordeau Courtage), based in Laval and Château-Gontier, was founded in 2005 by Hervé Lamy. He was joined by his son Pierre-Henri in 2012. LBC Associés, based in Lyon and the PACA region, was founded in 2012 by Ian Zieleskiewicz. Robert Toussaint joined him as a shareholder in 2019. Both entities specialize in insurance brokerage for SMEs and ETIs.
Eager to accelerate their development, the two partners, whose managers have a long-standing relationship, have decided to join forces.
The new entity, named Groupe LBC, now covers a vast territory, stretching from the Grand Ouest to the Rhône basin. With a staff of fifty, it manages nearly 57 million euros in cumulative premiums, representing more than 10,000 policies, ranking it 32nd among general brokers in France. It operates in a wide range of fields, including financial risks, cyber security, construction insurance, transport insurance, professional liability, and industrial risks. The group has also positioned itself in new niche specialties via its subsidiary Adelie, such as insurance for unlicensed vehicles (VSP) and new forms of mobility.
To support this project, the new partners called on NCI, which, via its Reprendre & Développer 5 (RD5) fund, organized a minority LBO aimed at recomposing the capital. The deal, which saw the four managers retain a majority stake, also saw the involvement of management in the capital, reinforcing their commitment to the group’s future.
With NCI, the LBC Group enters a new phase in its development. In particular, the aim is to strengthen its market share by expanding its range of products and services, accelerate growth in the affinity segment while continuing to digitalize and pursue the external growth momentum already underway with two acquisitions in 2023.
