An international presence
The SMABTP group supports its members in their international development, whether they are involved in specific projects or have structures abroad. At the same time, the Group is also expanding its own local client base in each country where it operates, in order to meet the needs of local economic stakeholders.
It offers tailor-made insurance solutions covering risks related to construction, real estate, property, and liability, thus providing a global protection for many sectors.
The SMABTP group supports its members in their international development, whether they are involved in specific projects or have structures abroad. At the same time, the Group is also expanding its own local client base in each country where it operates, in order to meet the needs of local economic stakeholders.
It offers tailor-made insurance solutions covering risks related to construction, real estate, property, and liability, thus providing a global protection for many sectors.
In Spain : ASEFA
In Spain : ASEFA
SMABTP established itself in Spain in 1989 by acquiring the insurance company ASEFA, founded in 1972. The Spanish subsidiary offers construction insurance, civil liability insurance, and contract bond insurance products. ASEFA also offers innovative services such as three-year habitability insurance and its Click products, which allow for online insurance contracting.
Key figures
- €56.1 million in revenue in 2025
- 106 employees
- First prize for the insurance company best rated by brokers in the Technical Risks sector and label of recognition for the quality of customer service (Adecose Barometer Award since 2016).
At the heart of major Spanish construction projects
At the heart of major Spanish construction projects
- Construction of new MSC Cruises terminal in the Port of Barcelona (Decennial Insurance)
- Expansion of the Port of Bilbao (All-Risk Construction Insurance)
- Renovation and expansion of the Getafe Football Club stadium (All Risks Construction Insurance)
- Construction of various phases of the Puy du Fou theme park in Toledo (All Risks Construction Insurance)
- Renovation of the Villareal Football Club stadium (Decennial Insurance)
- Construction of Torre Delfin (Benidorm) (Decennial Insurance and Civil Liability)
- Renovation of the structure of the Palacio de las Cortes in Madrid (Ten-year insurance)
In Portugal : VICTORIA
In Portugal : VICTORIA
A subsidiary of the SMABTP group since 2011, it has been considered a benchmark in insurance on the Portuguese market since its creation in 1930. Victoria offers solutions across all insurance lines. It is particularly recognized for its expertise in health, marine & transport, construction, civil liability and life insurance.
Key figures
- €114.4 million in property and casualty insurance revenue and €43.2 million in life insurance revenue for 2024.
- 312 employees
- 1st in marine & transport
- 5thlargest health insurer
An active partner in Portuguese housing construction
An active partner in Portuguese housing construction
- Port of Leixões
Extension of the outer breakwater at the Leixões cruise terminal in Porto. - Nova SBE University Campus
Construction of the Nova School of Business and Economics university campus in Oeiras. - Sines Railway
Modernization of the railway network between Sines and the Southern Line - Águas Santas Tunnel
Widening and improvement of the Águas Santas Tunnel (Porto-Amarante Motorway) - Rossio Square Block
Complete renovation, facade maintenance, and work on historic components.
In Belgium : SMA Belgium
In Belgium : SMA Belgium
SMA Belgium is structured around two complementary entities based in Brussels and Antwerp. Since 2017, its Brussels office has been offering solutions tailored to construction professionals in the Benelux. The company provides construction all‑risks insurance, civil liability coverage and ten‑year liability insurance for project owners, contractors, architects and engineering firms in Belgium and Luxembourg.
Since 2024, its presence in Antwerp has enabled the company, through DUA Belgium, to also offer Marine and Transport insurance. These two areas of expertise make SMA Belgium a key reference player in the insurance sector.
Key figures
- €10 million in revenue in 2024 (+17%)
- 9 employees
Iconic construction projects in Belgium, across Europe, and around the world
Iconic construction projects in Belgium, across Europe, and around the world
- The new offices of the European Investment Bank in Luxembourg
- The Astoria Hotel in Brussels
- The new hospital in Tienen, Belgium
- The renovation of the Mondorf-les-Bains thermal baths in Luxembourg
In Côte d'Ivoire: SMABTP Côte d’Ivoire SA
In Côte d'Ivoire: SMABTP Côte d’Ivoire SA
The SMABTP Group's Ivorian subsidiary started operating in 2018. Based in Abidjan, its activity is focused on Construction industry to which it offers its insurance expertise in Construction All Risks, Decennial coverage, Liability, Machinery Breakdown and Surety. To other business branches, SMABTP Côte d’Ivoire may also tailor professional insurance solutions in general liability, comprehensive insurance for premises and equipment, health and motor fleet insurance.
SMABTP Côte d’Ivoire is a dynamic team of talents locally engaged with the Insurance ecosystem to promote solutions adapted to the realities of the local market.
By combining proven expertise with a local active presence, SMABTP Côte d'Ivoire supports its clients in securing their construction projects and ensuring the sustainable development of their activities.
Key figures
- €10 million in revenue in 2024
- 10 employees
SMABTP Côte d’Ivoire was part of the following major local projets
SMABTP Côte d’Ivoire was part of the following major local projets
- Tower F
- The extension of the Ivorian presidential palace, known as the Esplanade building
- The new Orange headquarters in Abidjan
In the Netherlands : DUPI
In the Netherlands : DUPI
SMABTP has strengthened its presence in the Netherlands by becoming the owner of DUPI, a leading multi-line Managing General Agent (MGA). From its offices in Rotterdam, Amsterdam, Schiedam and Antwerp, DUPI's insurance specialists work every day on providing tailored insurance solutions across Marine and P&I, CAR & Engineering, Property and Casualty risks.
DUPI was founded in 1988 with its roots in Marine and Transport, initially supporting clients and insurers as broker and correspondent in the international P&I market. In 2010, the company expanded its role by starting to offer insurance solutions directly, first in Marine and later across multiple lines of business. This evolution shaped its current approach: combining deep technical expertise with an entrepreneurial mindset and a strong focus on pragmatic solutions.
Key figures
- 2024 : nearly €245 million in premiums collected
- 215 employees
A key partner in major construction projects
A key partner in major construction projects
- Project “ViA15”: Extension of the A15 motorway between Ressen and Zevenaar in the Netherlands
- Project “Neder Betuwe”: Dike reinforcement along the Waal River, as part of the Dutch national flood protection program
- Project “Merwede Bridge A27”: Major infrastructure project including the construction of the new Merwede Bridge on the A27 motorway in the Netherlands
In the Netherlands : Woningborg
In the Netherlands : Woningborg
In 2023, the SMABTP Group acquired 50% of the capital of Woningborg, a leading Dutch company specialising in surety insurance (financial guarantees) for builders and home buyers. Founded over 40 years ago, Woningborg is now the national leader in guarantees and protection for new home construction.
A key player in the sector, the company is diversifying its services to support the Dutch construction industry and secure the future of the new housing market for members of professional associations. It also assists companies with consulting, quality control and training services, ensuring compliance with construction standards.
Key figures
- €41 million in revenue in 2024
In Germany : SMABTP Germany
In Germany : SMABTP Germany
Based in the heart of Cologne and in Bad Homburg, SMABTP Germany offers specialised insurance solutions for the German-speaking market, particularly in the areas of engineering insurance, general liability, property and marine insurance. The company is committed to addressing the complex risks faced by businesses.
SMABTP Germany's team of experts focuses on personalised service, rapid decision-making and strong expertise in managing complex risks.
Key figures
- 18 employees
- €9.4 million in revenue in 2025
The SMABTP Group overseas
The SMABTP Group overseas
The SMABTP Group is also present outside mainland France through representatives in the French overseas departments and territories. For almost 25 years, they have been supporting construction professionals in the departments of Guadeloupe, Martinique, and French Guiana, as well as in Réunion and the communities of Saint-Pierre-et-Miquelon, French Polynesia, and New Caledonia.
Arundo Re
Arundo Re
Arundo Re, jointly owned by SMABTP and MACSF since 2023, is France's second-largest reinsurer and operates in more than 100 countries. It covers traditional insurance lines — property, civil liability, life and health — as well as specialised lines such as credit, marine, aviation, space and agriculture.
Drawing on its technical expertise and financial strength, Arundo Re stands out for its proximity to its clients, its responsiveness and its ability to offer tailor-made solutions, all within a framework of long-term partnership and trust.
International expansion based on solid foundations
International expansion based on solid foundations
Expansion driven by innovation
Expansion driven by innovation
The SMABTP group's international expansion is also based on its capacity for constant innovation. By developing insurance solutions tailored to technological and regulatory developments, SMABTP anticipates emerging risks and supports its policyholders in the face of market changes: from cyber risk insurance to digital data protection on construction sites (TRC Cyber), including drone coverage and security for energy renovation professionals.
It is also positioning itself as a key player in regulatory issues, thereby strengthening the legal security of projects. This dynamic of constant innovation enables the group to consolidate its leadership and effectively support the sector's international development.
