April Group buys Canada's Escapade and Dave Rochon |
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Tue, 19 Jun 2007 09:07
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PARIS (Thomson Financial) - French insurer April Group said it has established a presence in Canada with the acquisition of the two Quebec-based brokers Escapade Travel Insurance and Dave Rochon Insurance.The purchase price was not disclosed.Escapade is a broker specialised in short- and long-term personal travel insurance. In 2006, it had profit of 127,000 cad on revenue of 520,000 and employed five people, April said.Montreal-based Dave Rochon, established in 1957, is a wholesale broker specialising in property and casualty impaired risks for personal and company customers.Last year revenues reached 4.14 mln eur, generating profit of 0.81 mln cad. It employed 20 staff.Andrew.Newby@Thomson.coman/anCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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