Press release

Published on 03/02/2021

Rotterdam, 1 February 2021 Ecclesia Group has acquired a majority stake in 's-Hertogenbosch-based Xolv. In this way, the international insurance broker strengthens its position in the Dutch market.

From 1 February 2021, Xolv became part of Ecclesia Netherlands, which also includes Concordia de Keizer, EBC Netherlands, Veerhaven Assuradeuren, Gebr. Sluyter, Finance & Insurance and Sibbing Adviesgroep. The acquisition is in line with Ecclesia's strategy to provide its clients with the best possible advice in its chosen market segments in all areas, from risk management and employee benefits to claims handling.

Xolv is a specialist in credit insurance, financing and credit management with a focus on medium-sized and international companies. Xolv belongs to one of the
larger service providers in their field in the Netherlands.

Paul van Uden, founder of Xolv: "Since 2009, Xolv has grown into a leading intermediary in the field of credit insurance, working capital finance and credit management services. With our services, we focus on both national and international relations in a variety of industries. It is our ambition to further expand and optimise the service we provide to our customers. Ecclesia enables Xolv to realise its growth ambitions. All partners of Xolv have therefore given a multi-year commitment to remain active in the company, also as shareholders."

Logical step

Harry Kampschöer, general manager of Ecclesia Netherlands sees the acquisition as "a logical step forward". "Ecclesia has for some time been aiming to become one of the biggest players within the Netherlands in the field of financial advice for the corporate and public sector.
Ecclesia Germany is the largest player in Germany in the field of financial advice for the medical sector. The acquisition will lead to a smart and complete combination of services, enabling us to take care of our customers even better. The cooperation between Finance & Insurance and Xolv will also be intensified over time."

The acquisition leaves Ecclesia with around 375 employees in the Netherlands. These will continue to work at the various locations in Rotterdam, Amsterdam, Veenendaal and 's-Hertogenbosch.

About Ecclesia

Ecclesia Group (www.ecclesia-gruppe.de) was founded in 1909 and is headquartered in Detmold, Germany. The international insurance broker has branches in seven European countries and more than 2,000 employees. In its chosen target groups, it aims to achieve a large market position; consciously and confidently moving forward together. The Netherlands is an important market for Ecclesia. After this acquisition, Ecclesia is among the top 5 financial advisers for business Netherlands.

About Xolv

Founded in 2009 and with offices in 's-Hertogenbosch, Xolv is a specialised intermediary and advisor in the field of credit insurance, working capital finance and credit management services. Every day, Xolv's 13 specialists serve companies in various industries, both nationally and internationally. This gives Xolv a leading position in the market, which is further strengthened by the acquisition of Ecclesia.

More information:

Xolv: Paul van Uden, 073-8200295, paul@xolv.nl

Ecclesia Netherlands: Harry Kampschöer, 010- 2511251 or e-mail
harry.kampschoer@ecclesianederland.nl

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