Belgian insurance broker Callant has acquired 3 additional brokerage firms – Natel (Denderleeuw), Toulouse & d’Udekem (Ieper) and Findin (Landen and Tienen) – further accelerating its buy-and-build strategy backed by private equity investor Creafund.
The transactions form part of Callant’s ambition to double its premium income from 200 million euros to 400 million euros by 2030, primarily through acquisitions.
Consolidation in the Belgian insurance brokerage market continues at pace, and Callant is positioning itself as an active consolidator with the financial support and strategic backing of Creafund, which recently acquired a 40 percent minority stake in the group.
Effective 1 January 2026, the three brokerages will be integrated into the Callant group, strengthening its geographic footprint and sector expertise. Natel expands Callant’s presence into the Dender region, Findin adds scale in Flemish Brabant, Limburg and part of Wallonia with a strong focus on SMEs, while Toulouse & d’Udekem brings specialised expertise in insurance-related investments for high-net-worth individuals.
Following the acquisitions, Callant’s workforce will grow from 130 to 144 employees, while annual premium income is expected to increase to around 240 million euros. The Natel and Findin offices will be rebranded under the Callant name, while Toulouse & d’Udekem will be integrated into Callant’s existing office in Ieper. All employees of the acquired firms will remain with the group.
Callant has a long track record of external growth, with these deals bringing the total number of acquisitions to 30. CEO Peter Callant confirmed that further transactions are already planned for 2026, with particular interest in Limburg and Brussels, as the group seeks to remain close to its clients.
For Belgian M&A professionals, the deals illustrate how private equity-backed brokers continue to drive consolidation in the fragmented insurance distribution market, combining local proximity with increasing scale and professionalisation.
