PIB Group Iberia announced today that Sare (Bilbao) and Moné (Zaragoza) have joined the group.
Sare, founded in 1999, is an insurance broker offering risk management and advisory services. Its main areas of service are property and casualty insurance, liability insurance – where it offers services for the energy sector – and credit insurance in multiple other sectors, including the public sector, food, chemical and construction. In addition, they have developed extensive employee benefit programs.
On the other hand, Moné, a brokerage firm with more than 30 years of experience, is highly focused on civil liability and life insurance. In addition, it also offers multi-risk, accident, health, auto and accident solutions for both companies and individuals. In its case, Moné has developed a solid online marketing model, being one of its main business acquisition channels.
Thanks to these new acquisitions, the insurance group strengthens its presence in two capital cities in geographical areas where it already had operational offices. Likewise, the portfolio of services they will be able to offer to clients in these two provinces will be expanded.
Martin Navaz, CEO of PIB Group Iberia, states, “It is a pleasure to welcome the Sare and Moné teams into the group, allowing us to increase our footprint in the Bilbao and Zaragoza areas.”
“Both brokerages will allow us to have more reach in their areas of influence, which will make it easier for us to offer their clients more services, while maintaining the character of proximity that defines us.”
Onno Janssen, CEO of PIB Group Europe, says: “Our growth in the Spanish market continues to grow at a high rate and is very well received. The addition of Sare and Moné is symptomatic of the great reception we are receiving from the market. I am delighted to be able to welcome them and their teams and wish them all the best for the project”.
About PIB Group
Backed by Apax Funds and The Carlyle Group, leading global private equity firms, PIB Group is an independent, dynamic and diversified specialty insurance broker that is experiencing rapid acquisitive and organic growth. Formed in 2015, PIB Group has since grown rapidly through acquisitions and by recruiting outstanding professionals with a wealth of knowledge and experience in the insurance market.
PIB Group offers a wide range of equipment, products and specialized services, and is present in the United Kingdom, Ireland, Germany, Poland, Denmark, Spain, Italy, Israel, the Netherlands and Romania. It already has more than 3 billion euros in premiums under management and more than 3,800 employees.
