Groupe Burrus
Groupe Burrus is a European insurance group, founded in 1923 in Strasbourg (France).
History
After World War I, Alsace returned to France after 53 years of German annexation. The dominant German insurance companies ended their presence, and Maurice Burrus saw an opportunity for a new company. In 1923, he founded Est Capitalisation (ESCA) in Strasbourg.
His family had made its fortune through the tobacco company F. J. Burrus, today British American Tobacco, in Switzerland.[1]
After a difficult start, the company became successful and built in 1932 an office building in Strasbourg, today under monument protection.[2]
They sold mostly life, disability and funeral expenses insurances, and later wealth management for rich families. They worked together with insurance brokers to expand their business to all of France. Between 1975 and 1989 their sales volume grew tenfold. In 1991, Christian Burrus, a relative of Maurice, took over the management. He bought a series of smaller companies and merged with bigger ones: AFI Europe, with business in Belgium, Italy and Luxembourg, Diot, an insurance broker, and LSN, specialized in notaries, and Siaci, an insurance broker too.[3][4][5] Note: notaries in France are active in property and finance. The new company Diot-Siaci is the leading European insurance broker, and among the 10 leading worldwide. Besides their traditional offering, they provide in 2022 insurances for companies: workforce, facilities and liability risk.
The Groupe Burrus Technologies is the IT company of the group.[6][7][8][9]
An organization chart of the company can be found here [10].
Financial Results
The Groupe Burrus is the holding company for all the branches, the Burrus family owns 54 % of it. Sales in 2022 were €794 million, it employed 5000 people and was active in 170 countries.[7][11][12]
Privately owned simplified joint stock companies (French: société par action simplifiée) in France are required to publish very few financial figures.
The Burrus Family
- Martin Burrus was a farmer in Alsace who migrated in 1820 with his family to Boncourt, Switzerland.
- François-Joseph Burrus (1805-1879) founded the tobacco manufacture of his name.
- Maurice Burrus (1852-1959) founded ESCA and owned one of the most valuable stamp collections.[13]
- Jean Paul Burrus, a brother of Christian Burrus, expanded the little chocolate manufacture of his father to a group of chocolate and coffee companies. He owns his own plantations in Middle and South America. He also created a chain of renowned restaurants in Strasbourg and Alsace.[14]
- Christian Burrus is number 124 on the list of the richest French in 2022, with a professional wealth of €1,000m.[15]
References
- ↑ "1923, Maurice Burrus fonde Esca capitalisation à Strasbourg". 2023. Retrieved 31 August 2023.
- ↑ Becker, Denis (19 June 2020). "L'Esca, le bâtiment emblématique de Strasbourg, vit ses plus grands travaux de rénovation". franceinfo. Retrieved 31 August 2023.
- ↑ Descamps, Benoit (24 April 2018). "MAGNACARTA CHOISIT LE GROUPE BURRUS COMME ACTIONNAIRE MAJORITAIRE". Magnacarta. Retrieved 5 November 2023.
- ↑ Gouby, Thierry (18 February 2021). "Courtage : Le Groupe Burrus met le main sur BdJ". News Assurance Pro. Retrieved 7 November 2023.
- ↑ "Le Groupe Siaci Saint Honoré et le Groupe Burrus signent le projet de création du leader européen indépendant du conseil et du courtage d'assurance". NEWCO Corporate Finance. 21 July 2021. Retrieved 7 November 2023.
- ↑ "DiotSiaci Notre Groupe". 2023. Retrieved 31 August 2023.
- ↑ 7.0 7.1 "Groupe Burrus - Nos Activités". 2023. Retrieved 31 August 2023.
- ↑ Gabriel, Alain (21 December 2012). "Christian Burrus (Diot-Siaci) : les secrets du premier courtier d'assurance". Entrprendre. Retrieved 31 August 2023.
- ↑ "BURRUS INVESTMENT GROUP INC HISTORY". ZIPPIA The career expert. 2023. Retrieved 7 November 2023.
- ↑ "Groupe Burrus". The Official Board. 2 July 2023. Retrieved 7 November 2023.
- ↑ "DIOT - SIACI TopCo SAS". Fitch Ratings. 24 May 2023. Retrieved 7 November 2023.
- ↑ "Siaci et Burrus publient enfin leurs bans". CF News L'Info et Data du Corporate Finance. 2 July 2021. Retrieved 7 November 2023.
- ↑ "Burrus, Maurice (1882 - 1959)". Blue Mauritius. 2006. Retrieved 31 August 2023.
- ↑ "SOCIÉTÉ ALSACIENNE DE PARTICIPATIONS AGRO-ALIMENTAIRES". Salpa. 2023. Retrieved 31 August 2023.
- ↑ Challenges Nr. 794: Fortunes de France (in français). Paris: Editions Croque Futur. 2023. p. 278. Search this book on
External links
References
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