Verlingue consolidates foothold in Portugal with RT Global
Verlingue, the Adelaïde Group’s insurance brokerage subsidiary, has been operating in Portugal for the past two years following the acquisition of Luso Atlantica, and is consolidating its position on the Portuguese and European markets with the acquisition of Portuguese broker RT Global Insurance.
• Verlingue is reasserting its strong ambition on the Iberian Peninsula
• 6th international acquisition in 6 years
• Verlingue Portugal: over 100 talented employees
Set up in 2005, RT Global Insurance focuses its activity on managing corporate risks by creating customised solutions adapted to the specific needs of each customer with a high level of service. A common requirement with Verlingue, which will facilitate the integration of the team with that of Verlingue Portugal, which already has around 100 employees.
This is Verlingue’s sixth acquisition outside France in six years, following those in Switzerland (2016, 2017 and 2019), the UK (2018) and Portugal (2020).
With this new acquisition, the Adelaïde Group continues to execute its 2024 strategic plan with the ambition of becoming a leading independent family-owned European insurance broker, serving increasingly international customers.
António M. N. Rodrigues and Rita M.N. Marques, co-directors of RT Global Insurance: “We share common values with Verlingue and are proud to join forces. We felt that Verlingue was the best match for our team and our customers. This will open up new and very promising opportunities.”
José Félix Morgado, Member of the Board of Directors of Verlingue Portugal: “The last two years with Verlingue have been very rewarding and allow us to be ambitious for the future. The acquisition of RT Global Insurance illustrates Verlingue’s desire to develop sustainably in Portugal, to build a strong position there, to attract talent to bring more added value to our customers.”
Benjamin Verlingue, Director of Verlingue’s International Subsidiaries: “Verlingue has a growth strategy that combines organic development and acquisitions. In a consolidating business sector, being a family-owned broker with an ambitious and long-term vision allows us to create a great vision for the teams that decide to join our adventure. I am delighted that RT has taken this decision.”
Verlingue Portugal press contact: Sofia Mendès, sofia.mendes@verlingue.pt – Tel: 211149 205