Synex Business Performance is making its international debut by becoming the majority shareholder of FMA Group in France
5 March 2026
Québec, March 5, 2026 – Synex Business Performance is proud to announce the strategic acquisition of FMA Group, a recognized player in the insurance brokerage industry in France. This acquisition positions the Synex group as the first Canadian group of independent insurance brokerage firms to officially expand its operations into France, further strengthening its ambition to become a key player on the international stage.
With its strong expertise and well established presence in France, FMA Group stands out through the quality of its advisory services, its deep knowledge of the European market, and its ability to support businesses in both property and casualty insurance as well as life and health insurance. This partnership represents an important strategic lever to support Synex’s growth across the continent.
Canada remains at the core of Synex’s growth strategy. However, the integration of FMA Group provides the opportunity to support Canadian clients in their European expansion. By partnering with a firmly established organization, Synex takes a significant step forward in France and benefits from a local presence that will accelerate the development of its European activities.
This acquisition follows the arrival of La Caisse and Ares in Synex’s shareholding structure nearly a year ago, a key milestone in the company’s international expansion strategy.
Yan Charbonneau, President and Chief Vision Officer at Synex Business Performance: “This alliance with FMA Group reaffirms our commitment to accelerating our international growth. Beyond strategy, it is first and foremost a meeting between teams and talents who share the same ambition. We are proud to welcome nearly 200 new employees to Synex. Together, we are building a strong bridge between Canada and France, laying the foundation for a future in which Synex will be a key brokerage player on the global stage, driven by the strength and dedication of our people.”
Ludovic Dumont, President of FMA Group: “I am delighted at the idea of writing a new chapter for the Group alongside Synex Business Performance and Yan Charbonneau’s teams. We share the same values and the same strategic vision. With the support of Synex Business Performance, FMA Group is now entering a pan European development approach, aiming both to build on its existing agreements and to seize new opportunities.”
About FMA Group
FMA Group is one of the leading independent multi specialist insurance brokers in France, dedicated to delivering innovative insurance solutions. Celebrating its 30th anniversary this year, the Group has established strong expertise in mobility insurance (two wheelers, boating, automotive), health and personal insurance (individual health and life), commercial risk insurance, and coverage for unique and unconventional accommodations.
With more than 250,000 insured clients since its creation and a network of over 2,500 distribution partners, FMA Group plays a significant role in the French insurance market. The company continues to innovate and adapt its solutions to meet tomorrow’s challenges. In 2025, FMA Group generated over €45 million in revenue and today employs nearly 200 team members.
Ludovic Dumont, President of FMA Group, will continue in his current role while jointly overseeing, with Synex, the strategic development of the Group. www.fma.fr
About Synex Business Performance
Synex Business Performance is a Canadian insurance brokerage consolidator based in Québec, generating $1.3 billion in premium volume through its brands Synex Assurance and Synex Solutions collectives. The Group is majority owned and led by three Québec based principal partners and benefits from the strategic support of leading investors — La Caisse (formerly CDPQ) and Ares Management. Synex brings together more than twenty independent brokerage firms, specializing in property and casualty insurance, group insurance and pensions, and financial services. Its mission is to preserve the independence of insurance brokerage in Canada by providing entrepreneurs with advanced expertise, robust shared services, and an environment that fosters sustainable growth.
Synex is also a member of the Canadian Broker Network, the U.S. network Intersure, and the global network UnisonSteadfast, strengthening its footprint in Canada and its visibility on the international stage.