ANGELUS

What ANGELUS does

ANGELUS, Courtier en assurances SAS, is a French insurance brokerage firm headquartered in Bar-le-Duc (Grand Est region) that advises and accompanies small and medium enterprises (PME) and mid-sized companies (ETI) on their social protection and business risk insurance needs. The firm operates through five offices — Bar-le-Duc, Metz, Écrouves, Sainte-Savine, and Nancy — staffed by more than 70 collaborators including both experienced specialists and junior trainees sourced through a formal training partnership with Ecole Supérieure d'Assurances. Its product portfolio is organized into two pillars: Protection Sociale (collective health, provident, retirement regimes) and Risque d'Entreprise (vehicle fleet, property damage, liability, transport, construction, cyber), with additional sector-specific offerings tailored to real estate professionals, transport and logistics operators, vehicle rental companies, BTP contractors, industrial firms, and service-sector companies.

The company's core technology stack consists of digital management tools rather than algorithmic systems: an extranet for fleet management (green card administration, claim handling, reporting) and the GLI digital solution for unpaid-rent protection (tenant solvency screening, online subscription, automatic compensation). Revenue is generated through insurance brokerage commissions on placements across health, provident, retirement, and multiple business-risk lines, supplemented by co-brokering partnerships with other brokers for complex or demanding risks. The firm explicitly maintains structural independence from any single insurer, with an actionnariat primarily constituted by its directors, allowing open-market placement.

Since 2021 ANGELUS has been progressively integrated into the ADELAÏDE group, becoming in 2025 a fully integrated subsidiary alongside four sister companies — Verlingue, Cocoon, Generation, and Dune — providing access to group-level resources, shared values, and complementary expertise while preserving operational autonomy in its brokerage activities.

Name

ANGELUS

Legal name

ANGELUS, Courtier en assurances SAS

Website

https://angelus-courtage.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

ANGELUS is a French independent insurance broker (SAS) headquartered in Bar-le-Duc, advising small and medium enterprises on social protection (health, provident, retirement) and business risk insurance (fleet, property, liability, transport, construction, cyber) across five offices in the Grand Est region.

Ownership category

akta.pro rank

Headquarters

HQ city

Bar-le-Duc

HQ country

France

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance brokerage commissions: ANGELUS acts as an insurance broker (courtier) placing insurance contracts for companies with insurers. Revenue is generated through commissions from insurance placements for health coverage, provident insurance, retirement plans, business risks including fleet, property damage, liability, transport, construction, and cyber risks.
2. Co-brokering partnerships: Partnerships with other insurance brokers for sharing expertise and developing joint portfolios, offering customized solutions for demanding clients rather than standard products.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

ANGELUS is a B2B insurance broker that advises and supports companies in their insurance and social protection needs. It places and manages corporate contracts across social protection (collective health, provident, retirement) and business risks (vehicle fleet, property damage, liability, transport, construction, cyber), with vertical specializations for real estate, transport & logistics, vehicle rental, construction, industry, and services. Revenue is earned through brokerage commissions and co-brokering partnerships, supported by digital management tools for contract tracking.

Product overview

ANGELUS is a multi-specialist insurance brokerage firm that advises and supports SMEs and ETIs in social protection and business risk management. The company offers two main pillars of products: Social Protection (Régimes frais de santé, Régimes prévoyance, Régimes retraite) covering employee health, provident, and retirement benefits, and Business Risks (Flotte Automobile, Dommage aux Biens, Responsabilités, Transport, Construction, Cyber-Risks) covering corporate fleet, property, liability, cargo, construction, and cyber exposures. Additionally, ANGELUS provides sector-specific offerings for Real Estate (Immobilier), Transport & Logistics, Vehicle Rental (Loueurs), Construction (BTP), Industry (Industrie), and Services sectors. The company operates as part of the ADELAÏDE Group (alongside Verlingue, COCOON, GENERATION, and DUNE) and distributes through co-brokerage partnerships with other insurance intermediaries.

Differentiator

Problem solved

Functional benefit

Products and services

• Régimes frais de santé Collective health insurance regimes for businesses providing employee health expense coverage, with HR support, statistical reporting, benchmarking, and digitalized management platforms.
• Régimes prévoyance Collective provident insurance covering incapacity, disability, and death risks to help employees face life contingencies, with absenteeism analysis services.
• Régimes retraite Company pension plans (PER) and individual retirement assessments, helping companies implement and manage retirement savings programs and provide personalized retirement projections.
• Flotte Automobile Vehicle fleet insurance covering all professional vehicle types including own account transport, public goods transport, and vehicle rental, with custom contracts and a management extranet.
• Dommage aux Biens Property damage and business interruption insurance covering buildings, equipment, merchandise, and loss of operation, with prevention and risk management support.
• Responsabilités Civil liability insurance covering professional liability, environmental liability, and director/officer liability (RC Dirigeants), providing defense and financial protection.
• Transport Transport insurance for goods in transit, covering chargeurs (shippers) with ad valorem coverage and transporteurs (carriers) with contractual liability protection across all transport modes.
• Construction Construction insurance including RC Maître d'ouvrage, Tous risques Chantier, Dommage-Ouvrage, and RC CNR, serving both project owners and construction companies.
• Cyber-Risks Cyber risk insurance and services including exposure analysis, insurance solution sourcing, and crisis management, protecting businesses against cyberattacks and data breaches.
• Offre Immobilier Insurance solutions for real estate professionals including property managers and co-ownership syndicates, covering multi-risk building insurance, unpaid charges (GLI), PNO/CNO, and legal protection.
• Offre Transport & Logistique Transport and logistics insurance covering vehicle fleets, civil liability, professional liability, buildings, transported goods, machinery breakdown, fraud and cyber, with training and driver awareness programs.
• Offre Loueurs de véhicules Short-term vehicle rental insurance solutions tailored for vehicle rental companies and fleet managers.
• Offre BTP Construction sector insurance solutions for building and public works professionals.
• Offre Industrie Industrial sector insurance solutions covering manufacturing, logistics, agribusiness, wood, and energy industries.
• Offre Services Service sector insurance solutions for professional services companies.

Quantifiable outcome

• Insures several million square meters of buildings for real estate professionals
• +1 more outcomes

Segments8 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Ecole Supérieure d'AssurancescoreStrategic or Co-development PartnerPartnership for internal and external training programs. ANGELUS utilizes e-learning, personalized accompaniment, and work-study programs to develop new talent, ensuring quality service through properly trained personnel.
• Groupe ADELAÏDEcoreOthersANGELUS is one of five companies in the ADELAÏDE group, alongside Verlingue, Cocoon, Generation, and Dune. The group provides mutual enrichment through shared values and complementary expertise. Collaboration since 2021 has strengthened, with ANGELUS now fully integrated into the group's collective dynamic.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Alptis Assurances: French mutuelle-broker hybrid offering health, provident, retirement and P&C products to professionals and SMEs. Comparable in protection sociale emphasis and SME target segment, with a comparable mission-driven, independent-broker posture.
• Bessé: Independent French insurance and reinsurance broker serving mid-market companies with multi-specialty risk and social protection. Directly comparable in size and mid-market brokerage focus, particularly in industrial and commercial verticals.
• Diot-Siaci: French-headquartered insurance and reinsurance broker serving corporate and SME clients with social protection and risk specialties. Comparable on B2B brokerage GTM, multi-vertical coverage, and co-brokering/wholesale activity.
• SPVie Assurances: French insurance broker specialized in construction (BTP), collective health and provident insurance, closely overlapping ANGELUS's BTP and protection sociale verticals and serving similar SME clients.
• April: Major French insurance broker specializing in protection sociale and P&C for individuals, professionals and SMEs. Highly comparable to ANGELUS on insurance intermediation model and product mix, with national reach and a similar commission-based revenue model.

Regional players

• Albingia: Mutual insurance company headquartered in eastern France (Grand Est) underwriting enterprise risks including transport, construction and property. Geographically comparable to ANGELUS's Grand Est footprint and overlapping in commercial risk specialties, though operating as carrier rather than broker.

Broad incumbents

• Aon France: Global insurance broker and risk advisor with French operations serving mid-market and large corporates. Competes on the same PME/ETI and enterprise risk specialties (cyber, transport, construction) and on social protection broking, with deeper multinational resources.
• Howden France: European insurance broker with French operations focused on commercial P&C, transport, construction and cyber risk. Comparable broker model on corporate/commercial risk lines but operating at greater scale and broader geographic scope.
• Marsh France: Subsidiary of Marsh & McLennan, providing risk management, insurance brokerage and risk advisory services to French corporates. Overlaps ANGELUS on social protection and business risk placement for PME/ETI, but with a global platform and broader capabilities.
• Verlingue: ADELAÏDE group sister company and one of France's leading corporate insurance brokers. Directly comparable in B2B brokerage model for social protection and business risks, but with significantly broader geographic coverage and a wider portfolio of specialties.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/angelus-courtage

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ANGELUS