ONHC

Founded in Genoa in 2007, ONHC is a specialist service provider in Italy’s private healthcare insurance sector. The Company offers a comprehensive, full-service offering that spans consulting, product development, intermediation, underwriting, and third-party administration. 

Our Investment

The investment marks the first acquisition by Oakley’s Tiger HoldCo platform, which focuses on high-growth businesses in the fragmented, commercial speciality insurance space across Southern Europe. ONHC will benefit from the platform’s network of leading industry advisors and operators including insurance services veteran Enrico Vanin. The team will support ONHC’s next phase of growth by expanding its SHF client base, broadening its service offering, and leveraging Oakley’s buy-and-build expertise to drive strategic M&A in Italy’s fragmented market for healthcare insurance services. 

Market Dynamics 

Healthcare spending in Italy is increasingly shifting towards the private sector, driven by the country’s rapidly ageing population and mounting pressure on the public health system. At the same time, Italy remains underinsured compared to other European countries, with low private healthcare coverage. 

ONHC has delivered strong organic growth in recent years thanks to its reputation as a trusted partner, its deep industry expertise, broad product offering and a highly experienced management team. The Company has partnerships with Italy’s largest healthcare insurance carriers.