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Belfius, a Belgian banking and insurance services group, is acquiring the French insurtech company Leocare.
Under the terms of the transaction, Belfius Insurance, a subsidiary of Belfius, is acquiring 100% of the capital of Insurlytech, Leocare’s parent company.
This transaction is part of the Belgian bancassurer’s strategy to strengthen its position in the European digital insurance market.
Following the completion of the transaction, Leocare will continue to operate under its own name with its current teams.
