- PIB Group Iberia has reached an agreement to acquire Engloba, strengthening its presence in Spain and expanding its growth project within the insurance market.
We are pleased to inform you that PIB Group Iberia, led by Martín Navaz (CEO of PIB Group Iberia), has reached an agreement to acquire Engloba, based in Zaragoza. The transaction will be effective once authorised by the Directorate-General for Insurance and Pension Funds (DGSFP).
The newly acquired See, The company, Spain's fourth-largest GDP investment in Spain, exceeds 30 million in annual brokered premiums and more than 2 million euros in revenues. The brokerage focuses its business on personal lines insurance and stands out in savings, investment and individual products.
With this move, PIB continues its objective of increasing its geographical presence in Spain.
We highlight the great talent of the team, which will continue to operate and provide service to clients under the permanent direction of José Luis Mañero, a professional of recognised prestige in the sector, not only in the Autonomous Community of Aragon but throughout Spain.
Over the years, José Luis Mañero has held several key positions, including President of the Association of Insurance Brokers of Zaragoza, President of the Centre for Studies and the Business School of Insurance CECAS of the General Council of Associations of Insurance Brokers, among others. He has been recognised with various distinctions acknowledging his dedication and contribution to the insurance sector, the most recent being the Gold and Brilliant Insignia, the highest award granted by the Association of Zaragoza.
PIB Group Iberia welcomes the entire Engloba team.
