2007 - April

2.0
Notes to the consolidated financial statements at December 31 st 2007
APRIL North America
APRIL GROUP, through its specially created subsidiary APRIL
North America, acquired the Canadian brokerage firms
ESCAPADE on June 11 th , 2007 and DAVE ROCHON on June
8th, 2007. ESCAPADE, based in Sainte Croix, is specialized
in travel insurance products for retail customers. DAVE
ROCHON, based in Montreal, is a wholesale broker specialized
in heightened risks on retail and corporate property and
casualty insurance. These two companies have been
consolidated since July 1 st , 2007.
ASSURDOM Gestion
On June 22 nd , 2007, APRIL GROUP acquired a 38.2% stake in
the Reunion-based ASSURDOM Gestion, with this wholesale
broker specializing in property and casualty risks, primarily
for retail customers. This company has been consolidated
since July 1 st , 2007.
Assinco
On November 7 th , 2007, APRIL GROUP acquired an 80% stake
in Assinco. Assinco is an insurance brokerage firm, operating
directly or through its 16 subsidiaries, on personal insurance,
property and casualty insurance for goods and credit
insurance, for businesses and individuals on mainland France
and in French overseas departments and territories. This
company has been consolidated since November 1 st , 2007.
2.2. Other operations on securities
London & European Title Insurance Services
In March 2007, APRIL GROUP, through its subsidiary London
& European Title Group, sold off a 14% stake in its subsidiary
London & European Title Insurance Services to its managers.
2.3. Activities started up
Axeria Vie, previously Vivier Assurances, a life insurance
company with a capital of 40 million euros, is now supporting
the Group’s development projects on the life insurance and
savings market.
ISR Courtage, the dedicated structure for distributing socially
responsible investment products online, has started trading.
Solucia PJ, previously Axeria Conseils, a legal protection
insurance company, has been developing a business to
design, manage and sell insurance policies for individual
businesses and families since the beginning of 2007.
APRIL Cover, set up in 2006, has started trading, providing
small and medium-sized businesses with access to the
entire range of tools required for managing their customer
positions in order to prevent and manage non-payment
risks: prevention, compensation, collection management,
optimization of financing.
Solidaris, previously APRIL Partenariats, has been developing
non-discriminating insurance solutions and services for legal
protection, supplementary health and loan insurance for the
homosexual community since 2007.
APRIL Réunion, previously APRIL Distribution, began trading
in 2007 on Reunion. The company is focused primarily on
individual personal protection and health.
In 2007, APRIL GROUP created APRIL CEE Development, a
Budapest-based brokerage company, in order to develop its
business in Hungary.
APRIL GROUP, through its subsidiary APRIL Mediterranean
Ltd (regional holding company), created Axeria Re Ltd on
December 28 th , 2007, a Malta-based reinsurance company.
In 2007, APRIL GROUP launched the business for APRIL
Santé (previously ASSURADOM), with a network of points of
sale and spaces for advice on family health insurance and
services.
APRIL Corporate Broking, previously APRIL International,
launched its activity to design, integrate and manage P&C
insurance solutions for businesses, offered through a
network of brokers and insurance agents.
2.4. Reorganization
APRIL Solutions
In line with the reorganization of APRIL GROUP around its
business branches, APRIL Solutions carried out the following
partial asset contributions on May 31 st , 2007, effective
retroactively to January 1 st , 2007:
Individual personal protection/health branch contributed to
APRIL Projet;
Property and casualty branch contributed to APRIL Service.
These companies have been renamed following this operation:
APRIL Solutions is now APRIL GROUP CORPORATE;
APRIL Projet is now APRIL Marketing Solutions;
APRIL Service is now APRIL Solutions.
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