RENOMIA GROUP strengthens position in Poland: buys insurance broker MODUS
22. January 2025
RENOMIA a. s., a leader in insurance services and risk management in the Czech Republic and Central Europe, acquires a majority stake in the Polish company Kancelaria Brokerska MODUS. It thus strengthens its position in the largest of the Central European markets, where it was already operating through two subsidiaries prior to the current acquisition.
With the January 2025 transaction MODUS becomes a member of the RENOMIA GROUP. It will continue to operate on the Polish market under its own brand and the current CEO Rafał Trębski will remain at the helm of the company.
RENOMIA GROUP entered Poland back in 2022 with the acquisition of Alfa Brokers, which originates from Toruń and has been operating on the market since 1991. Subsequently, the Polish subsidiary RENOMIA sp. z o.o. opened an office in Warsaw. As of today, the entire RENOMIA GROUP has nearly hundred experts in Poland offering clients services in the field of insurance and risk management. In total, RENOMIA GROUP operates in thirteen European countries and manages insurance premiums of over one billion euros.
"There is still a lot of room for growth and opportunity in the CEE region. It is therefore important to develop our services, and this logically also applies to the largest Polish market, where we plan to continue to invest. Both of our existing Polish subsidiaries - Alfa Brokers and RENOMIA sp. z o.o. - grew at double-digit rates last year, which is an impressive achievement in a highly competitive market. I am very pleased that in MODUS we have again found a partner with whom we share the same values and visions," says Pavel Nepala, co-founder and managing partner of RENOMIA GROUP.
Kancelaria Brokerska MODUS is a family-owned company founded in 2007. MODUS has offices in Skierniewice and Warsaw and specializes in insurance services for corporate clients, especially in the financial sector. It also has a strong position in services for agricultural clients and various interest associations. The strengths of the MODUS team include individual client management and quality claims handling. "We appreciate the opportunity to join forces with such a regionally and globally strong player. We chose RENOMIA because it combines a family atmosphere with the professional functioning of a large company. Together, we want to further develop and expand our services, for which the partnership also opens up new opportunities, for example in servicing the needs of our clients abroad," says MODUS CEO and co-founder Rafał Trębski.
RENOMIA's presence in Poland is part of a long-term and systematic strategy to provide clients with the best services worldwide. RENOMIA GROUP currently operates directly through subsidiaries in 13 European countries. In addition to the Czech Republic, Slovakia and the aforementioned Poland, these include Hungary, Romania, Bulgaria, Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Lithuania, Latvia and most recently Austria. A very important advantage for serving clients of international importance is the connection with the shareholder-related company Gallagher, which is one of the three largest insurance brokers in the world. This enables RENOMIA to serve clients on every continent.