RENOMIA strengthens its position on the Croatian Market by acquiring a stake in DPS International.
19. March 2018
RENOMIA, the leading corporate and EB insurance broker founded in Central and Eastern Europe has acquired a stake in the Croatian broker DPS International. DPS International has been the Croatian partner in the network RENOMIA EUROPEAN PARTNERS, which operates in 30 countries across Central and Eastern Europe. This acquisition makes Croatia the seventh country where RENOMIA has direct ownership in an insurance broker.
DPS International was founded in 2003 by Ivan Soviček, a leading figure in the Croatian insurance market. Before founding DPS International he was the Chief Executive Officer of Allianz Zagreb. Like RENOMIA, DPS International is a family-owned business, with Igor Soviček, the founder’s son, holding a director’s position. DPS International has branches in the capital city Zagreb and Rijeka. In 2016 DPS became a member of RENOMIA EUROPEAN PARTNERS.
“I am very happy that we have further cemented our partnership with DPS International; it is an honour for us that being partners in our franchise network, Igor and Ivan Soviček approached us with the idea of an even tighter partnership. The acquisition of an interest in our Croatian partner means that now we already have our own branches in seven countries of Europe. I believe that a closer cooperation and sharing of know-how will improve the quality of service for our clients in Croatia. I am very much looking forward to working even closer together,” Jiřina Nepalová, Founder and CEO of RENOMIA, commented on the acquisition.
DPS International will operate under the new brand DPS RENOMIA. To ensure the continuity of success and growth, the present executive management will be actively involved in the future development of the company.
“I am pleased to have joined forces with such a prominent international player as RENOMIA. When deciding to sell a part of our company, we were impressed by RENOMIA’s strong client-oriented culture and its specialized teams with broad international know-how and background. Last but not least, it is important to us that our RENOMIA colleagues share the same values: teamwork and client service excellence,” noted Ivan Soviček, the Founder of DPS International, upon signing the agreement.
Our successful acquisition in Croatia, together with the development of the RENOMIA EUROPEAN PARTNERS platform, furthers our long-term strategic goal: RENOMIA strengthening its leading position in Central and Eastern Europe by providing an unmatched and seamless service to all its clients across the whole region.