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MSH International Enters IPMI Market In Germany With The Acquisition Of BDAE

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MSH International is the new majority shareholder of the BDAE Group since 1 July 2017.

“Our common area of business is a huge growth market, and our range of products and services complement each other perfectly. With MSH International, we have found an experienced player to help us offer the very best services and security to our customers abroad” said the Managing Director of BDAE, Andreas Opitz.

 

BDAE Group was established in 1995 with the founding of an association called the Bund der Auslands-Erwerbstätigen (BDAE) e.V. (Association of People Working Abroad) by Andreas Opitz and Silvia Opitz to provide international insurance solutions for people living abroad, as well as for companies sending employees on overseas assignments.

According to a study by OECD, approximately 3.4 million German nationals presently live outside Germany. BDAE provides German and international expats and emigrants with premium-quality, worldwide insurance cover at an affordable price, and assists HR departments with their global mobility processes. The firm has currently around 40 employees and 12 M€ gross premium in 2016. Under the management of Andreas Opitz assisted by Philipp Belau, Commercial Manager, the BDAE Group, thanks to the cooperation with MSH International, will now be able to bring greater flexibility to its international health insurance products, and tailor them even more effectively towards bigger corporate groups.

“As Germany is Europe’s largest economy, it seemed logical to us to offer our services there as well. We have found an excellent partner in the BDAE Group, which experience will be of great benefit to us in the German-speaking expat world. At the same time, we are providing the Group with an opportunity to further expand its B2B commerce and invest in innovative projects,” said Frédéric van Roekeghem (56), Executive Director at MSH International.

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